Illinois Compiled Statutes 50 ILCS 335/4 – Any land or assets of any system to be built, being built, or built …
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Terms Used In Illinois Compiled Statutes 50 ILCS 335/4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Municipalities: has the meaning established in Section 1 of Article VII of the Constitution of the State of Illinois of 1970. See Illinois Compiled Statutes 5 ILCS 70/1.27
Any land or assets of any system to be built, being built, or built may be transferred from one municipality to the other upon a 2/3 vote of the corporate authorities of both municipalities involved.