A tax is hereby imposed annually to provide revenue sufficient
to pay the costs of purchasing insurance against losses and liabilities
as provided in Section 9-103 of the Illinois Local Governmental and
Governmental Employees Tort Immunity Act (745 ILCS 10/9-101 et seq.),
at the rate of 0.03% on the value of all taxable property herein,
as equalized or assessed by the Department of Revenue, said revenue
to be held in a special fund and used for no other purpose.