70 ILCS 1935/1
Short title
Short title. This Act may be cited as the Elmwood Park Grade Separation Authority Act. (Source: P.A. 98-564, eff. 8-27-13.)
Illinois Compiled Statutes 70 ILCS 1935 — Elmwood Park Grade Separation Authority Act.
Illinois · statute · 70 ILCS 1935 · 24 active provisions
70 ILCS 1935/5
Definitions
Definitions. As used in this Act: "Authority" means the Elmwood Park Grade Separation Authority. "Person" includes an individual, partnership, firm, public or private corporation, and government or unit of government. "Railroad" or "Railroads" means the Canadian Pacific Railway and other railroads operating or owning t…
70 ILCS 1935/10
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 Elmwood Park, by reason of the location there of Grand Avenu…
70 ILCS 1935/15
Creation; duration; termination of the Authority
Creation; duration; termination of the Authority. There is created a body politic and corporate, a unit of local government, named the Elmwood Park Grade Separation Authority that embraces that portion of Leyden Township within the Village of Elmwood Park, Cook County, Illinois. The Authority shall continue in existenc…
70 ILCS 1935/20
Procedural capacity; seal; office
Procedural capacity; seal; office. The Authority may sue and be sued in its corporate name, but execution shall not in any case issue against any property of the Authority. The Authority shall be subject to the jurisdiction of the Illinois Commerce Commission. It may adopt a common seal and change the seal at pleasure.…
70 ILCS 1935/25
Acquisition of property
Acquisition of property. The Authority shall have the power to acquire by gift, purchase, legacy, or by the exercise of eminent domain 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, alle…
70 ILCS 1935/30
Sale or exchange of property
Sale or exchange of property. The Authority has the power to sell, transfer, exchange, vacate, or assign property acquired for the purposes of this Act, as it deems appropriate. (Source: P.A. 98-564, eff. 8-27-13.)
70 ILCS 1935/35
Acceptance of grants, loans, and appropriations
Acceptance of grants, loans, and appropriations. The Authority has 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 agree…
70 ILCS 1935/40
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 in order to provide funds for carrying out the purposes of this Act and to pay all costs and expenses inciden…
70 ILCS 1935/45
Taxing powers
Taxing powers. The Authority may not levy real property taxes for any purpose whatsoever. (Source: P.A. 98-564, eff. 8-27-13.)
70 ILCS 1935/55
Removal of members
Removal of members. The Governor may remove from office any board 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 board shall be deemed neglect of duty. (Source: P…
70 ILCS 1935/60
Organization; chair and temporary secretary
Organization; chair and temporary secretary. As soon as possible after the effective date of this Act, the board shall organize for the transaction of business, select a chair from its voting members and a temporary secretary from its own number, and adopt bylaws to govern its proceedings. The initial chair and success…
70 ILCS 1935/65
Meetings; quorum; resolutions
Meetings; quorum; resolutions. Regular meetings of the board shall be held at least quarterly, the time and place of those meetings to be fixed by the board. Special meetings may be called by the chair or by a majority of the members of the board by giving notice in writing that states the time, place, and purpose of t…
70 ILCS 1935/70
Secretary and treasurer; oaths; bond of treasurer
Secretary and treasurer; oaths; bond of treasurer. The board may appoint a secretary and a treasurer, who need not be members of the board, to hold office during the pleasure of the Authority and fix their duties and compensation. Before entering into the duties of their respective offices, they shall take and subscrib…
70 ILCS 1935/75
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 1935/80
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 1935/85
Rules
Rules. The Authority may make and the board may adopt 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. 98-564, ef…
70 ILCS 1935/90
Fiscal year
Fiscal year. The Authority shall designate its fiscal year. (Source: P.A. 98-564, eff. 8-27-13.)
70 ILCS 1935/95
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 Elmwood Park Grade Separation Authority railro…
70 ILCS 1935/100
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 1935/105
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 1935/110
Severability
Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 98-564, eff. 8-27-13.)
70 ILCS 1935/120
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 98-564, eff. 8-27-13; text omitted.)
70 ILCS 1935/999
Effective date
Effective date. This Act takes effect upon becoming law. (Source: P.A. 98-564, eff. 8-27-13.)