(60 ILCS 1/205-40)
Sec. 205-40.
Acquisition of property.
A township availing itself of the
provisions of this Article has the right of eminent domain to acquire any
private property for the purposes provided by this Article and may contract
for the acquisition of rights in property, easements, licenses, and permits
necessary or incidental in either the acquisition or construction of a system
or the improvement or extension of a system as provided in this Article. Any
contract, or award in the event of condemnation, shall be payable from the
income and revenue derived from the operation of the system, from the proceeds
of the sale of revenue bonds authorized to be issued under this Article, or
from township funds, including Federal Revenue Sharing funds, appropriated for
that purpose.
(Source: P.A. 80-407; 88-62.)
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