(70 ILCS 200/Art. 265 heading)

(70 ILCS 200/265-1) Sec. 265-1. Short title. This Article may be cited as the Vermilion County Civic Center Law of 1997. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-5) Sec. 265-5. Purpose. It is the purpose of this Article to provide for a Metropolitan Exposition, Auditorium and Office Building Authority in Vermilion County. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-10) Sec. 265-10. Definitions. In this Article: "Authority" means the Vermilion County Metropolitan Exposition, Auditorium and Office Building Authority. "Board" means the governing and administrative body of the Vermilion County Metropolitan Exposition, Auditorium and Office Building Authority. "Metropolitan area" means all that territory in the State of Illinois lying within the corporate boundaries of the County of Vermilion. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-15) Sec. 265-15. Authority created; principal office. There is hereby created a unit of local government known as the Vermilion County Metropolitan Exposition, Auditorium and Office Building Authority in the metropolitan area. The principal office of the Authority shall be in the County of Vermilion. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-20) Sec. 265-20. Rights and powers. The Authority shall have the following rights and powers: (a) To acquire, purchase, own, construct, lease as lessee or in any other way acquire, improve, extend, repair, reconstruct, regulate, operate, equip and maintain fair expositions grounds, convention or exhibition centers, civic auditoriums, and office and municipal buildings, including sites and parking areas and facilities therefor located within the metropolitan area. (b) To enter into contracts treating in any manner with the objects and purposes of this Article. (c) To plan for such grounds, centers and auditoriums and to plan, sponsor, hold, arrange, and finance fairs, industrial, cultural, educational, trade and scientific exhibits, shows and events and to use or allow the use of such grounds, centers and auditoriums for the holding of fairs, exhibits, shows and events whether conducted by the Authority or some other person or governmental agency. (d) To exercise the right of eminent domain to acquire sites for such grounds, centers, buildings and auditoriums, and parking areas and facilities in the manner provided for the exercise of the right of eminent domain under the Eminent Domain Act. (e) To fix and collect just, reasonable and nondiscriminatory charges and rents for the use of such parking areas and facilities, grounds, centers, buildings and auditoriums and admission charges to fairs, shows, exhibits and events sponsored or held by the Authority. The charges collected may be made available to defray the reasonable expenses of the Authority and to pay the principal of and the interest on any bonds issued by the Authority. (Source: P.A. 94-1055, eff. 1-1-07.)

(70 ILCS 200/265-22) Sec. 265-22. Eminent domain. Notwithstanding any other provision of this Article, any power granted under this Article to acquire property by condemnation or eminent domain is subject to, and shall be exercised in accordance with, the Eminent Domain Act. (Source: P.A. 94-1055, eff. 1-1-07.)

(70 ILCS 200/265-25) Sec. 265-25. 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 200/265-30) Sec. 265-30. 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, it being the purpose of this Section to authorize the investment in such bonds of all sinking, insurance, retirement, compensation, pension and trust funds, whether owned or controlled by private or public persons or officers; provided, however, that nothing contained in this Section may be construed as relieving any person from any duty of exercising reasonable care in selecting securities for investment. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-32) Sec. 265-32. Bonds other than revenue bonds. No bonds, other than revenue bonds issued pursuant to Section 2-52, 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 Vermilion County Metropolitan Exposition, YES Auditorium and Office Building ------------------------- Authority to the amount of ....... Dollars ($ ) be NO issued for the purpose of ....? -------------------------------------------------------------- (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-35) Sec. 265-35. Tax. If a majority of the voters of said metropolitan area approve the issuance of bonds as provided in Section 265-32, 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, as equalized or assessed by the Department of Revenue. If the Vermilion County Metropolitan Exposition, Auditorium and Office Building Authority has made an intergovernmental cooperation agreement with other units of local government that provides that the tax shall be levied only in part of the metropolitan area, then the tax shall be levied only in the part of the metropolitan area as provided in the agreement. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-40) Sec. 265-40. Board created. The governing and administrative body of the Authority shall be a board known as the Vermilion County Metropolitan Exposition, Auditorium and Office Building Board and shall consist of 12 members. 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 200/265-45) Sec. 265-45. Board members appointed. Within 60 days after October 1, 1975 (the effective date of Public Act 79-794), the Mayor of Danville, with the advice and consent of the Danville city council, shall appoint 9 members of the board, 3 members to be appointed for terms of 1 year, 3 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, 1989 (the effective date of Public Act 86-907), the chairman of the county board of Vermilion County, with the advice and consent of the county board, shall appoint 3 members to the Vermilion County Metropolitan Exposition, Auditorium and Office Building Board to serve for terms of one, 2, or 3 years, respectively, such terms commencing on the date each is appointed. At the expiration of the term of any member, his successor shall be appointed by the Mayor of Danville or the chairman of the county board of Vermilion County, as the case may be, in 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 200/265-50) Sec. 265-50. Quorum; action by 7 Board members. Three members of the Board shall constitute a quorum for the transaction of business. All action of the Board shall be by ordinance or resolution, and the affirmative vote of at least 7 members of the Board shall be necessary for the adoption of any ordinance or resolution. (Source: P.A. 90-328, eff. 1-1-98.)

(70 ILCS 200/265-55) Sec. 265-55. 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 2-16. Duties; auditorium and other buildings; lease of space. 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 2-52. Borrowing; revenue bonds; interest payable semi-annually; bond sale price; effect of Omnibus Bond Acts. Section 2-76. Board members; financial matters; compensation for secretary or treasurer; 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 2-97. Board meetings; public records. 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 2-135. Report and financial statement. Section 2-140. State financial support. Section 2-145. Anti-trust laws. Section 2-150. Tax exemption. Section 2-155. Partial invalidity. (Source: P.A. 90-328, eff. 1-1-98.)