Illinois Compiled Statutes 75 ILCS 55 — Library Property Sale Act.

Short title

Short title. This Act may be cited as the Library Property Sale Act. (Source: P.A. 86-1324.)

That whenever any library association organized under any law of this state, and owning any real or personal property in this state, shall desire to sell or lease the same, or any part thereof, absolutely or with conditions, to the board of directors of any free public library, organized under the laws of this state, s…

If the members, subscribers or stockholders representing the majority in amount of the stock of such association, shall vote, at such meeting, in favor of such sale or lease upon the terms or conditions specified in such notice, or, in case said association shall consist of two or more departments, if a majority of the…