(60 ILCS 1/150-70)
Sec. 150-70.
Abandoning community building project; petition; referendum;
transfer of moneys.
(a) Upon the petition of not fewer than 50 owners or life tenants of real
estate of any township that has adopted the provisions of this Article and
provided a fund for community building purposes, the question of abandoning the
project to purchase, erect, equip, remodel, or
renovate a community building and of devoting the fund to some other purpose,
shall be submitted to the legal voters of the township at an election. The
board shall certify the question to the proper election officials, who shall
submit the proposition at an election in accordance with the general election
law. The fund may be transferred to any other township fund or to the various
common school districts located in the township ratably in the proportion that
the portion of the taxable value of the property of the school districts
located in the township bears to the taxable value of all the property in the
township. The vote at the referendum shall be by a separate ballot, and the
proposition shall be in substantially the following form:
Shall the community building project be abandoned and |
The votes shall be recorded as "Yes" or "No".
(b) If a majority of the votes cast upon the proposition at the referendum
are in favor of the proposition, the board of managers shall immediately settle
all outstanding obligations against the community building and pay over any
moneys remaining in their custody to the proper authorities in accordance with
the petition and election. No new board of managers shall be elected nor shall
any maintenance tax be levied and collected in the township.
(Source: P.A. 88-62; incorporates 88-360; 88-670, eff. 12-2-94.)
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