Illinois Compiled Statutes 70 ILCS 200/205-80 – Dissolution of Authority
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Terms Used In Illinois Compiled Statutes 70 ILCS 200/205-80
- Authority: means Peoria Civic Center Authority. See Illinois Compiled Statutes 70 ILCS 200/205-5
- Board: means the governing and administrative body of the Peoria Civic Center Authority. See Illinois Compiled Statutes 70 ILCS 200/205-5
- City: means the City of Peoria, Illinois. See Illinois Compiled Statutes 70 ILCS 200/205-5
If there have not been any bonds issued and the Authority has no other indebtedness, the Authority may be dissolved upon the filing in the office of the recorder a resolution adopted by both the Board of Commissioners of the Authority and the City Council of the City of Peoria approving such dissolution.