§ 37.02  APPROPRIATION PREREQUISITE TO INDEBTEDNESS.
   No indebtedness shall be incurred, except such indebtedness as may be payable solely from the proceeds of a duly authorized bond issue or from a designated specified source, unless there is a prior appropriation out of which the indebtedness could be paid; during the first quarter of any fiscal year, before the enactment of the current appropriation ordinance, the city may operate under the appropriation ordinance of the preceding year.
(1969 Code, § 2-7)
Statutory reference:
   Limitations on indebtedness of municipal corporations with population less than 500,000, see ILCS Chapter 65, Act 5, § 8-5-1
   Similar provisions, see ILCS Chapter 65, Act 5, §§ 8-1-7, 8-2-9