2023 Illinois Compiled Statutes › Chapter 70 - SPECIAL DISTRICTS › 70 ILCS 200/ - Civic Center Code. › Article 160 - Maywood Civic Center

(70 ILCS 200/Art. 160 heading)
ARTICLE 160.
MAYWOOD CIVIC CENTER
(70 ILCS 200/160-1)
Sec. 160-1. 
		Short title. 
		This Article may be cited as
the Maywood Civic Center Law of 1997.
(Source: P.A. 90-328, eff. 1-1-98.)
(70 ILCS 200/160-5)
Sec. 160-5. 
		Definitions. 
		When used in this Article:
"Authority" means the Maywood Civic Center Authority.
"Board" means the governing and administrative body of the Maywood
Civic Center Authority.
"Metropolitan area" means all that territory in the State of Illinois
lying within the corporate boundaries of the
village of Maywood.
(Source: P.A. 90-328, eff. 1-1-98.)
(70 ILCS 200/160-10)
Sec. 160-10. 
		Authority created; principal office. 
		There
is hereby created a political subdivision, body politic
and municipal corporation by the name and style of the Maywood Civic Center
Authority in the metropolitan area.
The principal office
of the Authority shall be in the Village of Maywood.
(Source: P.A. 90-328, eff. 1-1-98.)
(70 ILCS 200/160-15)
Sec. 160-15. 
		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
it, 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, not exceeding the maximum rate
authorized by the Bond Authorization Act, as amended at the time of the
making of the contract, 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 said 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 suits at law or proceedings in
equity 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, as now or hereafter amended.
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 maintaining, repairing, regulating and operating the
said 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 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, cultural, expositions, sports 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 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 200/160-20)
Sec. 160-20. 
		Board created. 
		The governing and
administrative body of the Authority shall
be a board consisting of 7 members and shall be known as the Maywood Civic
Center Authority 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 200/160-25)
Sec. 160-25. 
		Board members appointed. 
		Within 60 days
after January 1, 1990 (the effective date of Article 5 of Public Act
86-888), the
President of the Village of Maywood shall appoint 3 members of the
Board for initial terms expiring June 1, 1990; 2 members for initial terms
expiring June 1, 1991; and 2 members for initial terms expiring June 1,
1992.  The successors of the initial members shall be appointed in like
manner for 3 year terms 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 200/160-30)
Sec. 160-30. 
		Bidders; civil action to compel compliance. 
		Any bidder who has submitted a bid in compliance with the requirements
for bidding under this Article may bring a civil action in the Circuit
Court of Cook County
in which the metropolitan area is located to compel compliance with the
provisions of this Article relating to the awarding of contracts by the Board.
(Source: P.A. 90-328, eff. 1-1-98.)
(70 ILCS 200/160-35)
Sec. 160-35. 
		Standard civic center provisions incorporated by reference. 
		The following Sections of this Code are incorporated by reference into this
Article:
Section 2-3. Purpose.
Section 2-5.  Definitions.
Section 2-10.  Lawsuits; common seal.
Section 2-15. Duties; auditorium, recreational, and other buildings; lease
of space.
Section 2-20. Rights and powers, including eminent domain.
Section 2-25.  Incurring obligations.
Section 2-30. Prompt payment.
Section 2-35.  Acquisition of property from person, State, or local
agency.
Section 2-40.  Federal money.
Section 2-45. Insurance.
Section 2-55. Bonds; nature of indebtedness.
Section 2-60. Investment in bonds.
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 2-96. Meetings; action by 4 Board members.
Section 2-100. Secretary; treasurer.
Section 2-105. Funds.
Section 2-110. Signatures on checks or drafts.
Section 2-115.  General manager; other appointments.
Section 2-122. Rules and regulations; penalties.
Section 2-126. Contracts; award to other than highest or lowest bidder by
vote of 4 Board members.
Section 2-130. Bids and advertisements.
Section 2-135. Report and financial statement.
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.)