(105 ILCS 5/5-27)
(from Ch. 122, par. 5-27)
Compromise, settlements and cancellations.
The trustees of schools or township land commissioners may: make all
settlements with persons indebted to them in their official capacity;
receive deeds to real estate in compromise; and may cancel notes, bonds,
mortgages, and judgments for the benefit of any school township or
(Source: P.A. 84-452.)