(60 ILCS 1/150-75)

Sec. 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.)