60 ILCS 1/ Township Code.

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TOWNSHIPS
(60 ILCS 1/) Township Code.

60 ILCS 1/150-70
    (60 ILCS 1/150-70)
    Sec. 150-70. Abandoning community building project; petition; referendum; transfer of moneys.
    (a) Upon the petition of not fewer than 50 owners or life tenants of real estate of any township that has adopted the provisions of this Article and provided a fund for community building purposes, the question of abandoning the project to purchase, erect, equip, remodel, or renovate a community building and of devoting the fund to some other purpose, shall be submitted to the legal voters of the township at an election. The board shall certify the question to the proper election officials, who shall submit the proposition at an election in accordance with the general election law. The fund may be transferred to any other township fund or to the various common school districts located in the township ratably in the proportion that the portion of the taxable value of the property of the school districts located in the township bears to the taxable value of all the property in the township. The vote at the referendum shall be by a separate ballot, and the proposition shall be in substantially the following form:
        Shall the community building project be abandoned and

the moneys for that purpose be transferred to (name of authorities or fund to which the moneys are proposed to be transferred)?
The votes shall be recorded as "Yes" or "No".
    (b) If a majority of the votes cast upon the proposition at the referendum are in favor of the proposition, the board of managers shall immediately settle all outstanding obligations against the community building and pay over any moneys remaining in their custody to the proper authorities in accordance with the petition and election. No new board of managers shall be elected nor shall any maintenance tax be levied and collected in the township.
(Source: P.A. 88-62; incorporates 88-360; 88-670, eff. 12-2-94.)

60 ILCS 1/150-75
    (60 ILCS 1/150-75)
    Sec. 150-75. Sale of community building, generally; petition and referendum; notice of sale.
    (a) Not fewer than 50 electors of any township that has adopted the provisions of this Article may file with the clerk of the board of managers a petition signed by them requesting that a community building or site with a community building on it be sold at public auction. The petition shall state the township fund to which the proceeds of the sale shall be transferred. Upon the filing of a petition, the board of managers shall certify that proposition to the proper election officials, who shall submit the proposition at an election in accordance with the general election law to decide whether the community building or site with the community building on it shall be sold.
    (b) The proposition at the referendum shall be substantially as follows:
        Shall the Board of Managers of (name of township)

sell at public auction the following described property, and shall the proceeds be transferred to (name of township fund)?
        (Description of property.)
The votes shall be recorded as "Yes" or "No".
    (c) If a majority of all the votes cast on the proposition is in favor of the sale, the board of managers shall within 60 days sell the property at public sale after first giving notice of the time, place, and terms of the sale by publication once each week for 3 consecutive weeks before the date of the sale in a newspaper published in the township or, if no newspaper is published in the township, then in a newspaper published in the county and having a general circulation in the township. The notices may be in the following form:NOTICE OF SALE    Notice is hereby given that on (date), the Board of Managers of the (name of township), (name of county), Illinois, will sell at public sale on the premises described in this notice, at (time), the following described property: (here describe the property).
    The sale will be made on the following terms: (here insert terms of sale).Board of Managers of (name of township),(name of county), Illinois    (d) Following the sale of the property, the board of managers shall immediately settle all outstanding obligations against the community building and pay over any moneys pertaining to the building remaining in their hands to the proper authorities in accordance with the petition and election.
    (e) If the building disposed of was the only community building under their care and supervision, no new member of the board of managers shall be elected nor shall any community building maintenance tax be levied and collected in the township.
(Source: P.A. 81-1489; 88-62.)