4.04.040 Establishment of maximum tax rate.
   Pursuant to the provisions of ILCS Ch. 75, Act 15, § 2-7, there shall be established a maximum tax rate for the public library district at .15%, or the last rate levied by the city for library purposes for the most recent year before the conversion, whichever is greater.
(Ord. 93-34 § 3,1993).