70 ILCS 1920/1
Short title
Short title. This Act may be cited as the West Cook Railroad Relocation and Development Authority Act. (Source: P.A. 91-562, eff. 8-14-99; 92-352, eff. 8-15-01.)
Illinois Compiled Statutes 70 ILCS 1920 — West Cook Railroad Relocation and Development Authority Act.
Illinois · statute · 70 ILCS 1920 · 23 active provisions
Provisions
70 ILCS 1920/5
Legislative declaration
Legislative declaration. The General Assembly declares that the welfare, health, prosperity, and moral and general well being of the people of the State are, in large measure, dependent upon the sound and orderly development of municipal areas. The Village of Bellwood, the Village of Maywood, and the Village of Melrose…
70 ILCS 1920/10
Creation; duration
Creation; duration. There is created a body politic and corporate, a unit of local government, named the West Cook Railroad Relocation and Development Authority, embracing that portion of Proviso Township embracing that portion of the Village of Bellwood and the Village of Melrose Park from St. Charles Road on the Sout…
70 ILCS 1920/15
Acquisition of property
Acquisition of property. The Authority shall have the power to acquire by gift, purchase, or legacy the fee simple title to real property located within the boundaries of the Authority, including temporary and permanent easements, as well as reversionary interests in the streets, alleys and other public places and pers…
70 ILCS 1920/20
Sale or exchange of property
Sale or exchange of property. The Authority shall have the power to sell, transfer, exchange, vacate or assign property acquired for the purposes of this Act as it shall deem appropriate. (Source: P.A. 91-562, eff. 8-14-99.)
70 ILCS 1920/25
Acceptance of grants, loans, and appropriations
Acceptance of grants, loans, and appropriations. The Authority shall have the power to apply for and accept grants, loans, advances and appropriations from the Federal Government and from the State of Illinois or any agency or instrumentality thereof to be used for the purposes of the Authority, and to enter into any a…
70 ILCS 1920/30
Borrowing money and issuance of bonds
Borrowing money and issuance of bonds. The Authority may incur debt and borrow money from time to time and, in evidence thereof, may issue and sell bonds in such amount or amounts as the Authority may determine, to provide funds for carrying out the purposes of this Act, and to pay all costs and expenses incident there…
70 ILCS 1920/35
Taxing powers
Taxing powers. The Authority shall not have the power to levy real property taxes for any purpose whatsoever. (Source: P.A. 91-562, eff. 8-14-99.)
70 ILCS 1920/40
Board; composition; qualification; compensation and expenses
Board; composition; qualification; compensation and expenses. The Authority shall be governed by a board consisting of 7 members. The members of the Authority shall serve without compensation, but may be reimbursed for actual expenses incurred by them in the performance of duties prescribed by the Authority. However, a…
70 ILCS 1920/45
Appointments; tenure; oaths; vacancies
Appointments; tenure; oaths; vacancies. The members of the Authority shall be appointed by the Governor, who shall give notice of the member's selection to each other member within 10 days after selection and before the member's entering upon the duties of office. Two of the members shall be recommended to the Governor…
70 ILCS 1920/50
Removal of members
Removal of members. The Governor may remove from office any Authority member immediately in case of incompetency, neglect of duty or malfeasance of office or otherwise upon 15 days written notice to the other members. Absence from any 3 consecutive regular meetings of the Authority shall be deemed neglect of duty. (Sou…
70 ILCS 1920/55
Organization; chair and temporary Secretary
Organization; chair and temporary Secretary. As soon as possible after the appointment of the initial members, the Authority shall organize for the transaction of business, select a Chair and a temporary Secretary from its own number, and adopt bylaws to govern its proceedings. The initial Chair and successors shall be…
70 ILCS 1920/60
Meetings; quorum; resolutions
Meetings; quorum; resolutions. Regular meetings of the Authority shall be held at least quarterly, the time and place of those meetings to be fixed by the Authority. Special meetings may be called by the Chair or by any 4 members of the Authority by giving notice thereof in writing, stating the time, place, and purpose…
70 ILCS 1920/65
Secretary and Treasurer; oaths; bond of Treasurer
Secretary and Treasurer; oaths; bond of Treasurer. The Authority may appoint a Secretary and a Treasurer, who need not be members of the Authority, to hold office during the pleasure of the Authority, and fix their duties and compensation. Before entering upon the duties of their respective offices, they shall take and…
70 ILCS 1920/70
Deposit and withdrawal of funds; signatures
Deposit and withdrawal of funds; signatures. All funds deposited by the Treasurer in any bank or savings and loan association shall be placed in the name of the Authority and shall be withdrawn or paid out only by check or draft upon the bank or savings and loan association, signed by the Treasurer and countersigned by…
70 ILCS 1920/75
Delivery of check after executing officer ceases to hold office
Delivery of check after executing officer ceases to hold office. If any officer whose signature appears upon any check or draft issued pursuant to this Act ceases to hold office before the delivery of the check or draft to the payee, the officer's signature nevertheless shall be valid and sufficient for all purposes wi…
70 ILCS 1920/80
Rules
Rules. The Authority may make all rules and regulations proper or necessary and to carry into effect the powers granted to it. The rules and regulations shall be consistent with the guidelines, objectives, and project scope as set out by the Illinois Commerce Commission. (Source: P.A. 91-562, eff. 8-14-99.)
70 ILCS 1920/85
Fiscal year
Fiscal year. The Authority shall designate its fiscal year. (Source: P.A. 91-562, eff. 8-14-99.)
70 ILCS 1920/90
Reports and financial statements
Reports and financial statements. Within 60 days after the end of its fiscal year, the Authority shall cause to be prepared by a certified public accountant a complete and detailed report and financial statement of the operations and assets and liabilities as relate to the 25th Avenue railroad grade separation project…
70 ILCS 1920/95
Construction
Construction. Nothing in this Act shall be construed to confer upon the Authority the right, power, or duty to order or enforce the abandonment of any present property of the railroads or the use in substitution therefor of any property acquired for the railroads in the absence of a contract duly executed by the railro…
70 ILCS 1920/100
Existing contracts, obligations, and liabilities
Existing contracts, obligations, and liabilities. No contract, obligation, or liability whatever of the railroads to pay any money into the State treasury, nor any lien of the State upon or right to tax property of the railroads, shall be released, suspended, modified, altered, remitted, or in any manner diminished or…
70 ILCS 1920/105
Severability
Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 91-562, eff. 8-14-99.)
70 ILCS 1920/999
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 91-562, eff. 8-14-99.)