(60 ILCS 1/10-40)
Sec. 10-40.
Disposition of township property.
When a township possessing
real estate is divided into 2 or more townships, the supervisors and assessors
of the several townships constituted by the division shall meet as soon as may
be practicable after the first township meeting subsequently held in those
townships. They may make an agreement concerning the disposition of the
township property and the apportionment of the proceeds as is equitable and may
take all measures and execute all conveyances necessary to carry the agreement
into effect.
(Source: P.A. 82-783; 88-62.)
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