(75 ILCS 5/4-16)
(from Ch. 81, par. 4-16)
When the board of trustees has determined to sell or
otherwise dispose of real or personal property that it deems no longer
necessary or useful for library purposes, such may be sold or disposed of
at a public sale, but the corporate authorities shall have the first right
to purchase such property for public or corporate purposes by meeting bids
acceptable to the board.
1. Personal property of any value may be donated or be sold to any
other tax supported library or to any library system operating under the
provisions of the Illinois Library System Act under such terms or conditions
as the board may determine.
2. Personal property having a unit value of $1,000 or less may be
disposed of as the board may determine.
3. Personal property having a unit value of more than $1,000 but less
than $2,500 may be displayed at the library, and a public notice of its
availability, the date and the terms of the proposed sale shall be posted.
4. In all other cases, the board shall publish notice of the
availability and location of the real or personal property and the date and
terms of the proposed sale, giving such notice once each week for 2
successive weeks. Such notice shall be published in one or more newspapers
published within the city, incorporated town, village or township, or, if
there is no such newspaper, then at least once in a newspaper of general
circulation in the city, incorporated town, village, or township.
On the day of a sale conducted pursuant to the provisions of this
Section the board shall proceed with the sale and may sell such property
for a price determined by the board, or, to the highest bidder. Where the
board deems the bids inadequate, it may reject such bids and re-advertise the
(Source: P.A. 84-770.)