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(65 ILCS 5/9-1-6) (from Ch. 24, par. 9-1-6)
Sec. 9-1-6.
Before the money so remaining undistributed or unclaimed
and in the possession of a municipality is set aside and transferred
into the unclaimed rebate fund, the board of local improvements, or the
committee on local improvements, as the case may be, of the municipality
shall have a notice published at least once a week for 8 successive
weeks in a newspaper published in the municipality, or, if no newspaper
is published therein, then in a newspaper with a general circulation
within the municipality. In municipalities with less than 500
population in which no newspaper is published, publication may be made
by posting a notice in 3 prominent places within the municipality.
The notice shall describe in a general manner the improvement in
which there is an undistributed or unclaimed rebate or refund, giving
the location of the improvement and the warrant number, and shall give
notice that the municipality, by ordinance after the expiration of 60
days from the date of the first publication of this notice, will set
aside and transfer all money which has remained for a period of 4 years,
or more, undistributed or unclaimed as a rebate or refund, into the
unclaimed rebate fund, and shall state that unless the money is claimed
by the person entitled thereto within the 60 day period, and the passage
of an ordinance by the municipality, all interest therein and all right
and title thereto shall be forfeited and barred.
A certificate of the publication of this notice, with a copy thereof,
accompanied by the affidavit of the publisher that the publication has
been made and setting forth the date of the first and last publication
thereof shall be filed in the office of the board of local improvements,
or the committee on local improvements, as the case may be. The board
or committee thereupon shall certify the fact of the publication to the
corporate authorities of the municipality and shall therewith recommend
the passage of an ordinance making transfer of the specified money into
the unclaimed rebate fund.
(Source: P.A. 80-179.)
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