(70 ILCS 2105/26b) (from Ch. 42, par. 409b)
Sec. 26b.
A river conservancy district organized under this Act may
be dissolved in the following manner:
Its board of trustees shall adopt an ordinance finding and determining
that all outstanding debts and obligations have been discharged or assumed
by another public agency and that the public interest does not require continuation
of the district. The publication of the ordinance shall be accompanied
by a notice of (1) the specific number of voters required to sign a petition
requesting the question of dissolving the district to be submitted to the
electors; (2) the time in which such petition must be filed; and (3) the
date of the prospective referendum. The district secretary shall provide
a petition form to any individual requesting one.
Unless a petition shall be filed with the board within 30 days after such
publication containing the signatures of a number of electors residing
in the district equal to 10% or more of the registered voters in the district
requesting that the question of the dissolution of the district
be submitted to an election, the district shall be deemed to be dissolved
at the expiration of the 30 day period.
If such a petition is filed, the question of the dissolution of the district
shall be certified to the proper election officials, who shall submit the
question to the electors of the district at an election in accordance with
the general election law. The question shall be in substantially the following
form:
-------------------------------------------------------------- "Shall the ........... YES River Conservancy District ------------------------- be dissolved?" NO--------------------------------------------------------------
The result of the election shall be entered upon the corporate records of
the district. If a majority of the ballots cast on the question are
marked "yes" the district shall be dissolved. But if a majority of the
ballots on the question are marked "no", the corporate authorities shall
proceed with the affairs of the district as though the dissolution
ordinance had never been adopted, and, in such case, the question shall not
again be considered for a period of one year.
When the business and affairs of any such district have been closed up
after dissolution, such fact shall be certified by the board of trustees to
the county clerk and recorder of the county or counties in which the
district was situated and to the Secretary of State. All assets of the
district remaining after the closing up of business affairs and the retiring
of all debts and obligations shall be paid to the corporate fund of the
township in which such district was situated. If such district was
situated in 2 or more townships, the assets shall be divided on a pro rata
basis between the corporate fund of each township according to the value,
as equalized and assessed by the Department of Revenue, of all taxable
property in each township situated within the boundaries of such district.
(Source: P.A. 87-767.)
|