(105 ILCS 5/15-28) (from Ch. 122, par. 15-28)
Sec. 15-28.
Township land commissioners successors to trustees of schools.
The township land commissioners elected under the provisions of this
Article shall be the successors to the trustees of schools elected under
"An Act in relation to the establishment, operation and maintenance of
public schools, providing for the transportation of and scholarships in
institutions of higher learning for students of all schools, and to repeal
certain acts herein named", approved March 18, 1961, as amended with
respect to the common school lands and township loanable fund of the
township. All rights of property of the common school lands and causes of
action existing or vested in the trustees of schools elected under such Act
as amended shall vest in the township land commissioners as successors in
as complete a manner as they were vested in the trustees of schools elected
under such Act as amended. All records, moneys, securities and other assets
of the common school lands of the several school townships in the county
and any obligations owing to such school townships shall be transferred by
the several boards of township trustees to the township land commissioners.
Such township land commissioners are empowered to receive such records and
assets. All assets so received shall be credited to the respective school
township from which they were received.
The township land commissioners shall designate a depositary for their
treasurer in the manner provided in Section 8-7 of this Act insofar as
applicable.
(Source: Laws 1967, p. 509.)
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