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(805 ILCS 125/0.01) (from
Ch. 32, par. 197.9)
Sec. 0.01. Short title. This Act may be cited as the Special Charter Not for Profit Corporations
Act.
(Source: P.A. 86-1324.)
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(805 ILCS 125/1) (from
Ch. 32, par. 198)
Sec. 1. All corporations, associations and
societies organized under or created by any special
act of the Legislature not for pecuniary profit,
are hereby vested with power to create boards of
trustees, directors or managers, and to elect and
appoint members thereof, either from their own membership
or otherwise, in such manner, at such times and for
such periods as may be provided by the by-laws
of such corporations, associations or societies.
Where the charter of any such corporation
requires that the election of trustees shall have
the consent, approval and ratification of the religious
denomination as specified therein, and such denomination
shall have waived and relinquished such power of
consent, approval and ratification of such election
by the representatives mentioned in charter, then
said corporation may elect said trustees without
such consent, approval and ratification of said religious
denomination; and said board of trustees, directors
or managers shall have such powers and perform such
duties as may be prescribed by the by-laws
of such corporation association or societies: Provided,
that whenever any such trustees, directors or managers
shall be elected or appointed, a certificate under
the seal of the corporation, association or society,
giving the names of such trustees, directors or managers,
so appointed or elected, and the term of their office,
shall be filed for record in the office of the recorder
in the county or counties where the business of said
corporation may be carried on, by such board of trustees,
directors or managers.
(Source: P.A. 83-358.)
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(805 ILCS 125/2) (from
Ch. 32, par. 199)
Sec. 2. Hereafter whenever any corporation,
association or society, not for pecuniary profit,
existing by virtue of any special law of this state,
shall desire to avail itself of the right to amend
its special charter so as to change its name, to
change its place of business, to enlarge or change
the object for which it was formed, to enlarge or
change its powers in respect of owning, holding or
using real or personal property or any other of its
powers, to vest in a single governing body of trustees,
directors or managers the corporate powers and other
powers previously vested in two or more governing
bodies, to provide the method of electing members
of such governing body and their terms of office,
to empower such governing body to elect a chairman
and any other officers and to appoint committees,
from its members, with such duties and powers as
may be assigned and delegated thereto by the governing
body, to recognize and give effect to changes in
the name of any religious denomination or other organization
with which such corporation, association or society
is affiliated, or to increase or decrease the number
of its trustees, directors, or managers, as now authorized
or may hereafter be authorized by general law, or
to elect its trustees, directors or managers without
the approval or ratification of the religious denomination
or other organization specified in its special charter,
where the representatives of such religious denomination
or other organization shall have waived and relinquished
such right of consent, approval or ratification to
the election of its trustees, directors or managers,
such amendment shall not operate as a waiver, release
or forfeiture of any of the other powers, rights
or privileges of such corporation, association or
society granted to or secured under and by virtue
of such special charter.
However, if such corporation by virtue
of its special charter or any amendment thereto was
granted any exemption or immunity from taxation in
respect of any amount of real estate or other property
specified in such special charter or amendment, nothing
in this Act or any amendment to such special charter
authorized by this Act shall be construed to permit
any enlargement or increase of such amount of real
estate or other property or such exemption or immunity
from taxation as provided in such special charter
or any amendment thereto.
(Source: Laws 1961, p. 460.)
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(805 ILCS 125/3) (from
Ch. 32, par. 199.1)
Sec. 3. Any such corporation, association
or society is authorized to amend its special charter
as provided in section 2 of this Act, in the manner
following:
(a) The trustees, directors or managers
of any such corporation, association or society shall
adopt a resolution setting forth such amendment;
(b) If the trustees, directors or
managers of such corporation, association or society
are elected or chosen otherwise than by such trustees,
directors or managers, such resolution shall also
be adopted by such vote, approval or consent of the
persons entitled to elect or choose such trustees,
directors or managers as is required in such election
or choice.
(Source: Laws 1941, vol. 1, p. 460.)
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(805 ILCS 125/4) (from
Ch. 32, par. 199.2)
Sec. 4. Whenever any such resolution has
been adopted in the manner provided in section 3
of this Act, a certified copy of such resolution,
verified by the affidavit of the president of said
corporation, association or society and under its
corporate seal, attested by its secretary, shall
be filed in the office of the Secretary of State
and a like copy filed in the office of the recorder
of the county where the principal office of such
corporation, association or society is located, and
thereupon such amendment shall be and become effective.
(Source: P.A. 83-358.)
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(805 ILCS 125/5) (from
Ch. 32, par. 199.3)
Sec. 5. Any corporation, association or society,
not for pecuniary profit, existing by virtue of any
special Act of the Legislature, notwithstanding any
limitation or restriction contained in such special
Act, shall have the power to purchase, take, receive,
acquire, own, hold, use, lease, sell, mortgage, pledge
and otherwise deal in and with such real or personal
property, including shares or other interests in
or obligations of domestic or foreign corporations,
associations, partnerships or individuals, of whatever
nature or kind and of whatever amount or value may
be necessary, suitable or proper to serve and accomplish
the purposes of its organization, and shall have
the power to take, receive, acquire, own, hold and
use any real and personal property which may be given
or bequeathed by will or may be granted or donated
by deed or other instrument, or may otherwise be
conveyed to such corporation, association or society,
for endowment or other purposes.
(Source: P.A. 84-1308.)
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(805 ILCS 125/6) (from
Ch. 32, par. 199.4)
Sec. 6. Wherever in this Act the words "special
charter" are used they shall be construed to mean
the special law of this state by virtue of which
the corporation, association or society exists, irrespective
of whether or not in such special law such charter
is referred to as the charter or special charter
of the corporation, association or society.
(Source: Laws 1941, vol. 1, p. 460.)
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