The Treasurer of the Village of Schiller Park shall enter upon the appropriate bond issue records of the Village, the words “Canceled - Revenue Uncollectable,” in all cases where the payment of the tax levied or the specific revenue provided for the payment of the principal and interest on said bonds has been delinquent for a period of 30 years. All money held for the payment of such bonds may be used thereafter for any general corporate purpose.
(Ord. 96-2019, passed 10-10-96)