(65 ILCS 5/9-2-68) (from Ch. 24, par. 9-2-68)
Sec. 9-2-68.
Pursuant to authorization by order of court, the municipality
may at public sale, after first giving notice by publication of the time
and place of sale in conformity with the provisions of "An Act to Revise
the Law in Relation to Notices", approved February 13, 1874, as heretofore
and hereafter amended, sell the special assessment lien or liens.
The special assessment liens shall be sold in the manner in which they
are assessed. The municipality shall file a report of sale in the circuit
court within 30 days of the date of sale of the lien on each tract or lot
and pray for an order of court confirming the sale. Upon confirmation, the
collector of special assessments of the municipality shall issue to the
purchaser a certificate of sale and assignment by the municipality of the
lien. Such certificate shall be countersigned by the county clerk. Each
certificate of sale shall state the amount of the sale and the amount of
the lien as determined by the court. Appropriate notations of the sale and
assignment of special assessment liens shall be made on the public records
of the municipality and the county by the official custodians thereof.
The county clerk shall prepare and keep a record in his office which
shall be known as the "special assessment sale, assignment and redemption
record", in which shall be entered all sales and assignments of special
assessment liens, the amount of the liens as determined by order of court,
payments made by the owners of lots or tracts of land to the county clerk
under the provisions of this Division 2 and redemptions. No sale and
assignment or cancellation of the special assessment lien or redemption
shall be valid unless and until the sale and assignment, cancellation or
redemption is entered on the records of the county clerk. The county clerk
shall be entitled to a fee of $1 for each lot or tract of land for entering
a sale and assignment on his record, which fee shall be included as costs
in case of redemption or foreclosure.
(Source: P.A. 79-1361.)
|