(70 ILCS 605/10-5)
(from Ch. 42, par. 10-5)
Dissolution-Petition by landowners.
When the owners of lands within a district desire to dissolve the
district they may so petition the court. The petition must be signed by not
less than three-fourths of the adult landowners who own not less than
three-fourths of the land in the district. The petition must show (a) the
reasons for dissolving the district, (b) that there are no debts of the
district outstanding or that there are sufficient funds on hand or
available to satisfy such debts, (c) that no contract will be impaired by
the dissolution of the district, (d) that the district is not obligated to
maintain any bridges and (e) that the petitioners will pay any court costs
incurred in connection with the petition. The petition must be verified.
(Source: Laws 1955, p. 512.)