(65 ILCS 5/7-6-6) (from Ch. 24, par. 7-6-6)
Sec. 7-6-6.
After the acting corporate authorities of the dissolved
municipality (1) have paid all of the debts and obligations of the
municipality, (2) have closed up all of the municipal business, and (3) the
surplus money, if any, has been paid to the school treasurer for the proper
township or school unit, then the acting corporate authorities shall file
with the county clerk of the county in which the dissolved municipality was
situated, a statement under oath, showing all of the closing up
transactions. When this statement is filed, the duty to close up the
municipal business is terminated, and all officers of the municipality,
whether the terms for which they were elected have expired or not, shall
thereupon cease to have any power or authority.
(Source: Laws 1963, p. 854.)
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