(620 ILCS 45/10) (from Ch. 15 1/2, par. 93)
Sec. 10.
Any county or any other taxing body which has adopted a
proposition for a tax under the provisions of this Act may discontinue
such tax and such operation by a referendum, provided that the Board of
Directors shall have adopted a resolution affirmatively recommending the
discontinuance of such tax and such operation. The resolution shall
declare the determination to submit the proposition of the
discontinuance of the tax to a vote. Upon the adoption of such a resolution
the secretary of the Board of Directors shall certify the resolution
and the proposition
to the proper election officials, who shall submit the proposition to the
voters at an election in accordance with the general election law. The
proposition shall be in substantially the following
form:
--------------------------------------------------------------------------------------------------------------------- Shall the levy of an annual tax in................. County for a county airport and landing field under the YES provisions of "An Act in relation to the establishment, acquisition, maintenance and operation of airports and ---------------------------------------------------------------- landing fields by counties of less than 500,000 population, and by such counties jointly with certain taxing districts located within or partly within such NO counties, and to provide methods for the financing thereof", approved July 22, 1943, as amended, be discontinued?---------------------------------------------------------------------------------------------------------------------
If a majority of the votes cast upon the proposition are for the
discontinuance of the tax the proposition shall be deemed adopted, and,
if the county alone (not in conjunction with any other governmental
unit) had levied a tax under the provisions of this Act for an airport
and landing field, the Board of Directors shall proceed at once to close
up the affairs of the airport and landing field, and after the payment
of all obligations, the moneys in the Airport Fund shall become a part
of the general funds of the county and the personal property and real
estate shall become the property of the county.
In the event that an airport is jointly operated by a county and
other taxing bodies and one or more of such taxing bodies, but not all,
elect by the adoption of a proposition pursuant to a petition duly filed
with the clerk of the respective taxing body as provided for herein for
discontinuance of said participation in said airport, the members of the
Board of Directors remaining shall proceed to reorganize within thirty
days after certification that the proposal
for discontinuance has carried by a majority vote. Any taxing body
which so discontinues shall not be entitled to receive any money or
property, real or personal, belonging to the airport, or airport fund,
or held by the directors as trustees, but such property or money shall
then vest in and continue to be the property of the airport; provided,
that if any bonds remain outstanding and unpaid as to the principal and
interest, issued by any taxing body electing to discontinue, the county
clerk shall continue to extend so much of the rate annually, as may be
necessary to retire the principal and interest of such bonds until all
such bonds shall have been paid as to both principal and interest.
In the event that all taxing districts participating in the joint
control and operation of the said airport, shall vote for the
discontinuance of the tax as provided in this section, the Board of
Directors within thirty days after receiving a certification from the
clerks of the various taxing authorities that the proposal for
discontinuance is carried by a majority vote, shall proceed to wind up
the affairs of the airport and after the payment of all obligations, the
moneys in the airport fund shall become a part of the General Fund of
the respective taxing districts in the proportion that each taxing
district contributed financially in the maintenance and operation of
such airport; and the Circuit Court in the County shall, upon due
application by the Board of Directors, stating the facts, the date of
the discontinuance of the respective taxing bodies, together with an
inventory of the property, appoint a receiver to take charge of the
property and equipment, both real and personal, in the custody and under
the control of the Board of Directors. The receiver shall be empowered
by the Court to sell the property under the direction of the Court, in
accordance with the laws for the sale of property in partition
proceedings and after payment of all costs and expenses, distribute the
proceeds thereof equitably among the taxing bodies jointly participating
therein to their respective General Funds in the proportion that each
participated financially in the construction and operation of the
airport.
(Source: P.A. 81-1489.)
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