(65 ILCS 60/1) (from Ch. 24, par. 808.38)
Sec. 1.
The provisions of this Act shall apply in any city, village or
incorporated town of less than 500,000 inhabitants which adopts it by
ordinance: Provided that no such ordinance may be enacted until the council
or board of trustees of the city, village or incorporated town has made a
survey and has determined as a result of the survey that the payment in
full of the principal and interest on special assessment bonds will not be
prevented by the adoption of this Act. The facts disclosed by the survey,
the manner of conducting the same, and the determination resulting
therefrom shall be entered in the minutes of the meeting of the council or
board of trustees at which this Act is adopted. The ordinance may provide
either for the remission of all penalties, interest and costs, other than
advertising costs, on delinquent special assessments, or for the remission
of penalties, interest and costs, other than advertising costs, accruing
after the maturity date of bonds issued to finance the improvement.
Any owner of real estate on which there is any amount of past due
special assessments as of July 1, 1947, may, on or before June 1, 1948,
petition the officer authorized to collect the special assessments,
describing the tract or tracts of land to which the petitioner desires to
have the benefits of this Act apply and in such petition shall stipulate a
day, not later than 90 days after the filing thereof, on or before which he
will pay the full amount due as determined under this Act. Prior to the day
stipulated for payment, the land shall not be offered for sale on account
of failure to pay any of the items mentioned in the petition or which will
be remitted if payment is made as stipulated.
(Source: Laws 1947, p. 600.)
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