(105 ILCS 5/15-15)
(from Ch. 122, par. 15-15)
Valuation of unsold land.
Where common school lands have been valued under Section 15-10 and have
remained unsold for 2 years after having been offered for sale in
conformity to this Article, the trustees of schools or township land
commissioners where the lands are situated may, without any petition having
been filed, vacate the valuation thereof by an order entered in Book A of
the county superintendent, and make a new valuation. They shall make a new
valuation in the same manner as the former, and shall deliver to the county
superintendent a plat of the land at such new valuation with the order of
vacation, whereupon the county superintendent shall offer the land for sale
as if no former valuation has been made.
(Source: Laws 1961, p. 31