Illinois Compiled Statutes 65 ILCS 5/7-7-2 – Definitions
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In this Division:
(a) “Consolidation” means the process by which 2 or more municipalities are simultaneously dissolved and a new municipality is incorporated.
(b) “Consolidating municipality” means a municipality or municipalities which undergo consolidation, thereby being dissolved.
(c) “Consolidated municipality” means the municipality which is created by consolidation.
(d) “Consolidation ordinance” means an ordinance to be approved by referendum as provided in this Division which shall define the form of government of the consolidated municipality and provide for the orderly succession of powers, functions, assets, liabilities and personnel of the consolidating municipalities to the consolidated municipality.
(e) “Transition committee” means a committee composed of the Mayor or Village President or designee thereof of each consolidating municipality.
(a) “Consolidation” means the process by which 2 or more municipalities are simultaneously dissolved and a new municipality is incorporated.
Terms Used In Illinois Compiled Statutes 65 ILCS 5/7-7-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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
(b) “Consolidating municipality” means a municipality or municipalities which undergo consolidation, thereby being dissolved.
(c) “Consolidated municipality” means the municipality which is created by consolidation.
(d) “Consolidation ordinance” means an ordinance to be approved by referendum as provided in this Division which shall define the form of government of the consolidated municipality and provide for the orderly succession of powers, functions, assets, liabilities and personnel of the consolidating municipalities to the consolidated municipality.
(e) “Transition committee” means a committee composed of the Mayor or Village President or designee thereof of each consolidating municipality.