(75 ILCS 16/25-25)
Sec. 25-25.
Board action to dissolve district and wind up affairs.
(a) Upon the approval of dissolution under this Article
and the entry of the judgment of the circuit court, the board shall proceed
with dissolution of the district in
compliance with the judgment of the circuit court.
(b) The board shall continue in existence for the sole purpose of winding
up its affairs and for disposition of district property. Trustees whose
terms expire shall continue to serve until the board dissolves.
(c) Personal
property of intrinsic value only to libraries may be donated to other
public libraries. All other property, real or personal, shall be sold
under Section 30-70; the proceeds shall
be applied first to
the debts of the district, and the balance, if any, shall be paid to the county
collector. Where a district lies in more than one
county, the
proceeds shall be equitably apportioned among the various counties
affected, upon a ratio based upon the taxable property of the district
within each county.
The county collectors shall credit those amounts on their books as a
payment on behalf of the taxpayers of the dissolved district toward any
other taxes levied by the county involved, and the proceeds shall accrue to each county and shall abate the
county tax levy for each county affected as to
each taxpayer involved until the credit is used up or utilized and applied.
(d) The board shall then meet, prepare and file its final
report,
enact a dissolution ordinance, and direct the filing of certified copies
of the ordinance with the county clerk of each county
affected and the Illinois
State Librarian. The board shall then dissolve.
(Source: P.A. 87-1277.)
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