(65 ILCS 5/11-78-2) (from Ch. 24, par. 11-78-2)
Sec. 11-78-2.
If any real estate conveyed by virtue of Section 11-78-1
ceases at any time to be used for school purposes for a period of 3 years,
the school officers, holding the title to the real estate, shall convey the
real estate back to the grantor municipality to be by it thereafterwards
held, enjoyed, and disposed of as other corporate property. A provision
expressing this condition shall be inserted in every deed made by a
municipality under Section 11-78-1. Such a reconveyance may be compelled
and enforced by any taxpayer of the grantor municipality by proper
proceedings to be instituted by him for that purpose.
(Source: Laws 1961, p. 576.)
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(65 ILCS 5/11-78-3) (from Ch. 24, par. 11-78-3)
Sec. 11-78-3.
If real or personal estate is under the control of trustees,
appointed or elected by virtue of any general or special law of this state,
when it is conveyed as specified in Section 11-78-1, the duties of those
trustees in relation thereto shall cease, and they shall immediately settle
and adjust all matters relating to the trust estate and make a report to
the proper authority of their acts. Upon the approval of this report the
trustees shall be released and discharged from the further performance of
duty in that behalf. All money which may remain in the municipal treasury
to the credit of any fund connected with the use of such real or personal
estate, while so held by the municipality, shall be used by the
municipality for any lawful corporate purpose.
(Source: Laws 1961, p. 576.)
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(65 ILCS 5/11-78-4) (from Ch. 24, par. 11-78-4)
Sec. 11-78-4.
When authorized by ordinance, any municipality incorporated
under a special charter, holding title to or having an interest in any real
estate, may sell and convey the real estate, or the municipality's interest
therein, to the trustee of the schools of the township or other county
board of school trustees as the case may be in which the real estate is
situated, to be used as a school site for the school district in which the
real estate is situated. The conveyance shall be made by a proper deed or
conveyance, executed by the corporate authorities of the municipality.
(Source: Laws 1961, p. 576.)
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