(70 ILCS 200/Art. 160 heading)

(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.)