11-1-16: LAND TRUSTS; DISCLOSURES OF BENEFICIAL INTERESTS:
Whenever any trustee of a land trust, or any beneficiary or beneficiaries of a land trust make application to the city for approval of a subdivision under this title relating to the land which is subject of such trust, such application shall identify each beneficiary of such land trust by name and address and define his interest therein as required by Illinois Compiled Statutes. All such applications shall be verified by the applicant in his capacity as trustee, or by the beneficiary as a beneficial owner of interest in such land trust. If such application is filed by body politic or other corporate entity, it shall be verified by a dually authorized officer of such body politic or other corporate entity for whom such application is made. (Ord. 542, 11-26-2007)