75 ILCS 55/ Library Property Sale Act.

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75 ILCS 55/0.01

(75 ILCS 55/0.01) (from Ch. 81, par. 27.99)

Sec. 0.01.

Short title.

This Act may be cited as the

Library Property Sale Act.

(Source: P.A. 86-1324.)

75 ILCS 55/1

(75 ILCS 55/1) (from Ch. 81, par. 28)

Sec. 1.

That whenever any library association organized
under any law of this state, and owning any real or personal property in
this state, shall desire to sell or lease the same, or any part thereof,
absolutely or with conditions, to the board of directors of any free public
library, organized under the laws of this state, such sale or lease may be
made in the manner following, viz.: the directors of such association shall
call a meeting of all the members, subscribers or stockholders thereof, to
be held at the rooms of said library or office of the secretary of such
association, written or printed notice of the time, place and object of
such meeting, and of the terms and conditions of the proposed sale or lease
being first mailed, at least thirty (30) days prior to the time of such
meeting, to the address of each member, subscriber or stockholder whose
place of residence is known to any of the officers or directors of such
association, and by publishing such notice for at least thirty (30)
consecutive days next preceding the time of such meeting, in some newspaper
published and of general circulation in the county where the property of
said association is situate.

(Source: R.S. 1874, p. 664.)

75 ILCS 55/2

(75 ILCS 55/2) (from Ch. 81, par. 29)

Sec. 2.

If the members, subscribers or stockholders representing the
majority in amount of the stock of such association, shall vote, at such
meeting, in favor of such sale or lease upon the terms or conditions
specified in such notice, or, in case said association shall consist of
two or more departments, if a majority of the members, subscribers or
stockholders of each department shall vote at such meeting in favor of
such sale or lease so specified, then the president and secretary shall
cause a record of the proceedings of such meeting, verified by the oath
of the president thereof, together with an affidavit of the service or
publication of notice as herein required, to be filed in the office of
the clerk of the circuit court of the county where the property of such
association is situate; after which the president and secretary of the
said association shall be and are hereby authorized and empowered to
execute any and all necessary deeds, leases, bills of sale, or other
instruments in writing, to carry out the object and intent of said vote;
which, when duly executed, shall be sufficient to pass to the board of
directors of such free public library all the legal and equitable title
of said association in and to the real or personal property in said
instrument described as therein set forth.

(Source: R.S. 1874, p. 664.)