(40 ILCS 5/15-161)
(from Ch. 108 1/2, par. 15-161)
To contract and act in its corporate name.
To be a public corporation of this State with power to enter into
contracts, accept and make transfers of property, real and personal; to
conduct in its corporate name all court proceedings which the board deems
necessary to protect the interests of the State and of the intended
beneficiaries under this Article; and generally to accomplish the objects
and purposes thereof.
(Source: Laws 1963, p. 161.)