Illinois Code § 765 ILCS 820/1a

Any such association or company may, if it so desires, convey
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Sec. 1a. 

Any such association or company may, if it so desires, convey
property which it may hold within a city, village, incorporated town,
county not under township organization or town, to the city, village,
incorporated town, county, or town within which the property is located,
and if the city, village, incorporated town, county or town accepts the
conveyance such property shall thereafter be under the control, management,
and ownership of the city, village, incorporated town, county or town.

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