Illinois Code § 150-75

§ 150-75.

Sale of community building, generally; petition and referendum; notice of sale. (a) Not fewer than 50 electors of any township that has adopted the provisions of this Article may file with the clerk of the board of managers a petition signed by them requesting that a community building or site with a community building on it be sold at public auction. The petition shall state the township fund to which the proceeds of the sale shall be transferred. Upon the filing of a petition, the board of managers shall certify that proposition to the proper election officials, who shall submit the proposition at an election in accordance with the general election law to decide whether the community building or site with the community building on it shall be sold. (b) The proposition at the referendum shall be substantially as follows: Shall the Board of Managers of (name of township) sell at public auction the following described property, and shall the proceeds be transferred to (name of township fund)? (Description of property.) The votes shall be recorded as "Yes" or "No". (c) If a majority of all the votes cast on the proposition is in favor of the sale, the board of managers shall within 60 days sell the property at public sale after first giving notice of the time, place, and terms of the sale by publication once each week for 3 consecutive weeks before the date of the sale in a newspaper published in the township or, if no newspaper is published in the township, then in a newspaper published in the county and having a general circulation in the township. The notices may be in the following form: NOTICE OF SALE Notice is hereby given that on (date), the Board of Managers of the (name of township), (name of county), Illinois, will sell at public sale on the premises described in this notice, at (time), the following described property: (here describe the property). The sale will be made on the following terms: (here insert terms of sale). Board of Managers of (name of township), (name of county), Illinois (d) Following the sale of the property, the board of managers shall immediately settle all outstanding obligations against the community building and pay over any moneys pertaining to the building remaining in their hands to the proper authorities in accordance with the petition and election. (e) If the building disposed of was the only community building under their care and supervision, no new member of the board of managers shall be elected nor shall any community building maintenance tax be levied and collected in the township. (Source: P.A. 81-1489; 88-62.)