§ 65 ILCS 5/11-58-1 Subject to the provisions of Section 11-58-3, the corporate …
§ 65 ILCS 5/11-58-2 The corporate authorities of such a municipality shall exercise the …
§ 65 ILCS 5/11-58-3 No such tax shall be levied or collected by such a municipality …
§ 65 ILCS 5/11-58-4 The levy of such a grade separation tax is authorized if the majority …
§ 65 ILCS 5/11-58-5 The tax levied and collected as provided in this Division 58 shall be …
§ 65 ILCS 5/11-58-6 If at any time during the making of such grade separations, it …
§ 65 ILCS 5/11-58-7 The word “costs”, as used in this Division 58 means sums paid by way …

Terms Used In Illinois Compiled Statutes > 65 ILCS 5 > Article 11 > Art 11 prec Div 57 > Division 58 - Railroad Grade Separation Tax

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • costs: as used in this Division 58 means sums paid by way of compensation to any property owner for the actual taking or damaging of his property, and attorney's fees and court costs incurred as a result of, or incident to, any grade separation covered by this Division 58. See Illinois Compiled Statutes 65 ILCS 5/11-58-7
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Heretofore: means any time previous to the day on which the statute takes effect; and the word "hereafter" at any time after such day. See Illinois Compiled Statutes 5 ILCS 70/1.17
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14