(70 ILCS 705/9) (from Ch. 127 1/2, par. 29)
Sec. 9.
In acquiring from any city or village or incorporated town any fire
protection facilities including without limiting the generality of the
foregoing, all obligations under any pension or annuity plan or plans and
all other contractual liabilities applicable to the maintenance of fire
protection facilities, said fire protection district shall compensate said
city or village or incorporated town for the fair and reasonable value of
said works and if said value cannot be mutually agreed upon, then the same
shall be determined by a board of three engineers one appointed by the city
or village or incorporated town, one appointed by the district and the
third appointed by the two engineers selected as above described. A
decision of a majority of said board shall be binding upon both parties and
the cost of the services of said board shall be shared by both parties
equally.
(Source: Laws 1949, p. 1484.)
|