(30 ILCS 215/1) (from Ch. 23, par. 4001)
Sec. 1.
Whenever any grant, gift, donation or legacy
of real or
personal property has been or shall be, directly or indirectly, made to or
for the use of the state or any state hospital for the mentally ill or
mentally deficient, or other charitable or educational institution of the
state, and the deed, will or other instrument by which such grant, gift,
donation or legacy is made, declares that such
property shall be
held, managed, improved and invested or otherwise disposed of for the
benefit of such institution or other charitable use, the title to such
property may and shall be taken to be vested in the state for the use so
expressed, and shall be held, managed, improved, invested or disposed of by
the trustees of such institution, or other officers thereto duly
authorized, in such manner as will best promote and carry into effect the
purpose and intention of the person making such grant, gift, donation or
legacy, as expressed in the instrument by which
the same was or
shall be so made.
(Source: P.A. 83-388.)
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