70 ILCS 1205/11.1-7
2021 Illinois Compiled Statutes|Chapter 70 - SPECIAL DISTRICTS|70 ILCS 1205/ - Park District Code.|Article 11.1 - Powers (Continued) Operation And Maintenance Of Harbors For Recreational Purposes

 (from Ch. 105, par. 11.1-7)Sec. 11.1-7.         The Park Commissioners of any park district availing  under this Article shall adopt an ordinance describing in a general way  the harbor and facilities thereof, or relating thereto, to be acquired,  constructed, enlarged, improved, operated and maintained as a harbor for  the use and benefit of the public, and refer to the general plans and  specifications therefor prepared for that purpose. These plans and  specifications shall be open to the inspection of the public. Any such  ordinance shall set out the estimated cost of the harbor or facilities  thereof, or relating thereto, and shall fix the maximum amount of  revenue bonds proposed to be issued therefor. This amount shall not  exceed the estimated cost of the harbor and facilities, including  engineering, legal and other expenses, together with interest cost to a  date 12 months subsequent to the estimated date of completion. Such  ordinance may contain such covenants which shall be part of the contract  between the park district and the holders of such bonds and the Trustee,  if any, for the bondholders having such rights and duties as may be  provided therein for the enforcement and protection of such covenants as  may be deemed necessary and advisable as to:(a) The issuance of additional bonds that may     thereafter be issued payable from the revenues derived from the operation of such harbor or buildings, structures and facilities, and for the payment of the principal and interest on such bonds;(b) The regulations as to the use of any such harbor     and facilities to assure the efficient use and occupancy thereof;(c) Kind and amount of insurance to be carried,     including use and occupancy insurance, cost of which shall be payable only from the revenues derived from the harbor and facilities;(d) Operation, maintenance, management, accounting     and auditing, employment of harbor engineers and consultants, and keeping of records, reports and audits of any such harbor and facilities;(e) The obligation of the park district to maintain     the harbor and facilities in good condition and to operate same in an economical and efficient manner;(f) Providing for setting aside any sinking funds,     reserve funds, depreciation funds and such other special funds as may be found needful and the regulation and disposition thereof;(g) Providing for the setting aside of a sinking fund     into which shall be payable from the revenues of such harbor and facilities from month to month as such revenues are collected such sums as will be sufficient to pay the accruing interest and retire the bonds at maturity;(h) Agreeing to fix and collect fees and rents and     other charges for the use of such harbor or facilities, sufficient together with other available money to produce revenue adequate to pay the bonds at maturity and accruing interest and reserves therefor, and sufficient to pay cost of maintenance, operation and depreciation thereof in such order of priority as shall be provided by the ordinance authorizing the bonds;(i) Fixing procedure by which the terms of any     contract with the holders of the bonds may be amended, the amount of bonds the holders of which must consent thereto, and the manner in which consent may be given;(j) Providing the procedure for refunding such bonds;(k) Providing whether and to what extent and upon     what terms and conditions, if any, the holder of bonds or coupons issued under such ordinance, or the Trustee, if any, may by action, mandamus, injunction or other proceeding, enforce or compel the performance of all duties required by this Act, including the fixing, maintaining and collecting of fees, rates or other charges for the use of the harbor or other facilities, or for any service rendered by the park district in the operation thereof as will be sufficient, together with other available money, to pay the principal of and interest upon these revenue bonds as they become due and reserves therefor and sufficient to pay the cost of maintenance and operation and depreciation of the harbor and facilities in the order of priority as provided in the ordinance authorizing the bonds and application of the income and revenue thereof;(l) Such other covenants as may be deemed necessary     or desirable to assure a successful and profitable operation of the harbor and facilities, and prompt payment of the principal of and interest upon the bonds so authorized.The Park Commissioners may enter into a trust agreement to secure  payment of the bonds issued hereunder.After the ordinance has been adopted, it shall within 10 days after  its passage be published once in a newspaper published and having a  general circulation in the park district, or, if there is no such  newspaper, then in a newspaper having a general circulation in the  county wherein such district, or the greater or greatest portion in area  of the district, lies. The publication or posting of the ordinance shall  include a notice of (1) the specific number of voters required to sign a  petition requesting that the question of the adoption of the ordinance be  submitted to the electors of the district; (2) the time in which the  petition must be filed; and (3) the date of the prospective referendum. The  Secretary of the governing board of the park district shall provide a  petition form to any individual requesting one.If no valid petition requesting a referendum is filed with the secretary  of the district within 30 days after the publication of the ordinance, the  ordinance shall be in effect.However, if within 30 days after the publication of the ordinance a  petition is filed with the secretary of the district signed by electors  of the district equal to 10% or more of the number of registered voters in  the district, asking that the question of acquiring and operating or  constructing and operating such harbor project and the issuance of the  bonds for the harbor project be submitted to the electors of the district,  the board shall certify such question to the proper election officials, who  shall submit that question at an election held in the district.The proposition shall be in the following form:    --------------------------------------------------------------Shall the.... Park District       YESissue Revenue Bonds for acquiring ----------------------------(or constructing) a harbor?           NO--------------------------------------------------------------    Notice of such referendum shall be given and such referendum conducted in  the manner as provided by the general election law.If a  majority of the electors voting upon that question voted in favor of  acquiring and operating or constructing and operating the harbor and the  issuance of the bonds, the ordinance shall be in effect, otherwise the  ordinance shall not go into effect.    (Source: P.A. 87-767.)