Illinois Compiled Statutes
70 ILCS 200/ - Civic Center Code.
Article 100 - Illinois International Convention Center

(70 ILCS 200/Art. 100 heading)

 
(70 ILCS 200/100-1)
Sec. 100-1.
Short title.
This Article may be cited as the
Illinois International Convention Center Law of 1997.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-5)
Sec. 100-5.
Definitions.
As used in this Article,
unless the context otherwise requires:
"Authority" means the Illinois International Convention Center Authority.
"Board" means the governing and administrative body of the Illinois
International Convention Center Authority.
"Metropolitan area" means all that territory which lies within the
corporate boundaries of the Village of Schaumburg.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-10)
Sec. 100-10.
Authority created; principal office.
There
is hereby created a unit of local government known as the
Illinois International Convention Center Authority in the metropolitan area.
The principal office
of the Authority shall be in the Village of Schaumburg.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-15)
Sec. 100-15.
Borrowing; revenue bonds.
The Authority
shall have continuing power to borrow money for the
purpose of carrying out and performing its duties and exercising its powers
under this Article.
For the purpose of evidencing the obligation of the Authority to repay
any money borrowed as aforesaid, the Authority may, pursuant to an
ordinance
adopted by the Board, from time to time issue and dispose of its interest
bearing revenue bonds, and may also from time to time issue and dispose of
its interest bearing revenue bonds to refund any bonds at maturity or
pursuant to redemption provisions or at any time before maturity with the
consent of the holders thereof. All such bonds shall be payable solely from
the revenues or income to be derived from the fairs, expositions,
exhibitions, rentals and leases and other authorized activities operated by
the Authority, and from funds, if any, received and to be received by the Authority
from any other source. Such bonds may bear such date or dates, may mature
at such time or times not exceeding 40 years from their respective dates,
may bear interest at such rate or rates,
may be in such form, may carry such registration privileges,
may be executed in such manner, may be payable at such place or places, may
be made subject to redemption in such manner and upon such terms, with or
without premium as is stated on the face thereof, may be executed in such
manner and may contain such terms and covenants, all as may be provided in
the ordinance. In case any officer whose signature appears on any bond
ceases (after attaching his signature) to hold office, his signature
shall
nevertheless be valid and effective for all purposes. The holder or holders
of any bonds, or interest coupons appertaining thereto, issued by the
Authority may bring mandamus, injunction, or other civil actions or proceedings
to compel the
performance and observance by the Authority or any of its officers, agents
or employees of any contract or covenant made by the Authority with
the
holders of such bonds or interest coupons, to compel the Authority
and
any of its officers, agents or employees to perform any duties required to
be performed for the benefit of the holders of any such bonds or interest
coupons by the provisions of the ordinance authorizing their issuance, and to
enjoin the Authority and any of its officers, agents or employees from
taking any action in conflict with any such contract or covenant.
Notwithstanding the form and tenor of any such bonds and in the absence
of any express recital on the face thereof that it is non-negotiable, all
such bonds shall be negotiable instruments under the Uniform Commercial
Code of the State of Illinois.
From and after the issuance of any bonds as herein provided it shall be
the duty of the corporate authorities of the Authority to fix and establish
rates, charges, rents, and fees for the use of facilities acquired,
constructed, reconstructed, extended or improved with the proceeds of the
sale of said bonds sufficient at all times, with other revenues of the
Authority, to pay:
(a) the cost of leasing, maintaining, repairing, regulating and operating
the
facilities; and
(b) the bonds and interest thereon as they shall become due, and all
sinking fund requirements and other requirements provided by the ordinance
authorizing the issuance of the bonds or as provided by any trust agreement
executed to secure payment thereof.
To secure the payment of any or all of such bonds and for the purpose of
setting forth the covenants and undertakings of the Authority in connection
with the issuance thereof and the issuance of any additional bonds payable
from such revenue income to be derived from the fairs, recreational,
theatrical or cultural expositions, sport activities, exhibitions, office
rentals, and air space leases and rentals, and other revenue, if any, the
Authority may execute and deliver a trust agreement or agreements; provided
that no lien upon any physical property of the Authority shall be created
thereby.
A remedy for any breach or default of the terms of any such trust
agreement by the Authority may be by mandamus, injunction, or other civil
actions
or proceedings in any court of
competent jurisdiction to compel performance and compliance therewith, but
the trust agreement may prescribe by whom or on whose behalf such action
may be instituted.
Before any such bonds (excepting refunding bonds) are sold, the entire
authorized issue, or any part thereof, shall be offered for sale as a unit
after advertising for bids at least 3 times in a daily newspaper of general
circulation published in the metropolitan area, the last publication to be
at least 10 days before bids are required to be filed. Copies of such
advertisement may be published in any newspaper or financial publication in
the United States. All bids shall be sealed, filed and opened as provided
by ordinance and the bonds shall be awarded to the highest and best bidder
or bidders therefor. The Authority shall have the right to reject all bids
and readvertise for bids in the manner provided for in the initial
advertisement. However, if no bids are received such bonds may be sold at
not less than par value, without further advertising, within 60 days after
the bids are required to be filed pursuant to any advertisement.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-20)
Sec. 100-20.
Bonds; nature of indebtedness.
Under no
circumstances shall any bonds issued by the Authority be or
become an indebtedness or obligation of the State of Illinois or
any unit of local government or school district
within the State, nor shall
any such bond or obligation be or become an indebtedness of the Authority
within the purview of any constitutional limitation or provision, and it
shall be plainly stated on the face of each bond that it does not
constitute such an indebtedness or obligation but is payable solely from
revenues or income.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-25)
Sec. 100-25.
Investment in bonds.
The State and all
counties, cities, villages, incorporated towns and
other units of local government and public bodies, and
public officers of any thereof; all banks, bankers, trust companies,
savings banks and institutions, building and loan associations, savings and
loan associations, investment companies and other persons carrying on an
insurance business; and all executors, administrators, guardians, trustees
and other fiduciaries may legally invest any sinking funds, moneys or other
funds belonging to them or within their control in any bonds issued
pursuant to this Article.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-30)
Sec. 100-30.
Bonds other than revenue bonds; election.
No bonds, other than revenue bonds issued pursuant to Section
100-15, shall be issued by the Authority until the proposition to
issue the
same has been submitted to and approved by a majority of the voters of said
metropolitan area voting upon the proposition at a general election in
accordance with the general election law. The Authority may by resolution
order such proposition submitted at a regular election in accordance with
the general election law, whereupon the recording officer shall certify the
resolution and the proposition to the proper election officials for
submission. Any proposition to issue bonds as herein set forth shall be in
substantially the following form:

--------------------------------------------------------------
Shall bonds of the Illinois
International Convention Center YES
Authority to the amount of...... -------------------------
Dollars ($ ) be issued for the NO
purpose of....?

--------------------------------------------------------------

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-35)
Sec. 100-35.
Tax.
If a majority of the voters of said
metropolitan area approve the
issuance of bonds as provided in Section 100-30, the
Authority
shall have power to levy and collect annually a sum sufficient to pay
for the annual principal and interest charges on such bonds.
Such taxes proposed by the Authority to be levied upon the taxable
property within the metropolitan area shall be levied by ordinance.
After the ordinance has been adopted it shall, within 10 days after its
passage, be published once in a newspaper published and having a general
circulation within the metropolitan area. A certified copy of such levy
ordinance shall be filed with the County Clerk no later than the 3rd
Tuesday in September in each year. Thereupon the County Clerk shall
extend such tax; provided the aggregate amount of taxes levied for any
one year shall not exceed the rate of .0005% of the full fair cash
value of the taxable property in the metropolitan area, as equalized or
assessed by the Department of Revenue.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-40)
Sec. 100-40.
Board created.
The governing and
administrative body of the Authority shall
be a board consisting of 9 members and shall be known as the Illinois
International Convention Center Board. The members of the board shall be
individuals of generally recognized ability and integrity.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-45)
Sec. 100-45.
Board members appointed.
Within 60 days
after September 17, 1984 (the effective date of Article 6 of Public Act
83-1456), the
Village President of Schaumburg, with the advice and consent of the
Schaumburg Village Board of Trustees, shall appoint 7 members of the Board,
2 members to be appointed for terms of one year, 2 members to be appointed
for terms of 2 years, and 3 members to be appointed for terms of 3 years,
such terms commencing on the date each is appointed. Within 60 days after
September 11, 1990 (the effective date of Article 4 of Public Act 86-1414), the
Village President
of
Schaumburg, with the advice and consent of the Schaumburg Village Board of
Trustees, shall appoint 2 additional members of the Board, one member to be
appointed for a term of 2 years and one member to be appointed for a term
of 3 years, the terms commencing on the date each is appointed. One of the
members appointed may be a representative from the Schaumburg Village Board
of Trustees. At the expiration of the term of any member, his successor
shall be appointed by the Village President of Schaumburg in a like manner.
All successors shall hold office for a term of 3 years from the date of
appointment, except in case of an appointment to fill a vacancy.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-50)
Sec. 100-50.
Report and financial statement.
As soon
after the end of each fiscal year as may
be expedient,
the Board
shall cause to be prepared and printed a complete and detailed report and
financial statement of its operations and of its assets and liabilities. A
reasonably sufficient number of copies of such report shall be printed for
distribution to persons interested upon request, and a copy thereof shall
be filed with the county clerk and the Village President of Schaumburg.

(Source: P.A. 90-328, eff. 1-1-98.)
 
(70 ILCS 200/100-55)
Sec. 100-55.
Standard civic center provisions incorporated by reference.
The following Sections of this Code are incorporated by reference
into this
Article:
Section 2-5. Definitions.
Section 2-10. Lawsuits; common seal.
Section 2-17. Duties; auditorium and other buildings.
Section 2-21. Rights and powers.
Section 2-25. Incurring obligations.
Section 2-30. Prompt payment.
Section 2-36. Acquisition of property from person or governmental agency.
Section 2-40. Federal money.
Section 2-45. Insurance.
Section 2-75. Board members; financial matters; conflict of interest.
Section 2-80. Board members' oath.
Section 2-83. Removal of Board member from office.
Section 2-85. Board members; vacancy in office.
Section 2-90. Organization of the Board.
Section 2-95. Meetings; action by 5 Board members.
Section 2-101. Secretary; treasurer; funds deposited in bank or savings and
loan association.
Section 2-106. Funds; compliance with Public Funds Investment Act.
Section 2-110. Signatures on checks or drafts.
Section 2-115. General manager; other appointments.
Section 2-120. Ordinances, rules, and regulations; fines and penalties.
Section 2-127. Contracts; award to other than highest or lowest bidder by
four-fifths vote.
Section 2-130. Bids and advertisements.
Section 2-140. State financial support.
Section 2-145. Anti-trust laws.
Section 2-150. Tax exemption.

(Source: P.A. 90-328, eff. 1-1-98.)

Structure Illinois Compiled Statutes