(70 ILCS 200/140-25)
Sec. 140-25.
Powers.
The Authority has the following
powers:
(a) To acquire, purchase, own, construct, lease as lessee, or in any
other way acquire, improve, extend, repair, reconstruct, regulate, operate,
equip, and maintain facilities, including sites, parking areas, and
commercial facilities for those structures, located within the metropolitan
area.
(b) To plan for grounds and buildings; to plan, sponsor, hold, arrange,
and finance cultural, educational, trade, and scientific exhibits, shows,
and events; and to use or allow the use of those grounds and buildings for
the holding of fairs, exhibits, shows, and events, whether conducted by the
Authority or some other person or governmental agency.
(c) To fix and collect just, reasonable, and nondiscriminatory (i)
charges and rents for the use of its parking areas and facilities,
and (ii) admission charges to fairs, shows, exhibits, and events sponsored
or held by the Authority. The charges collected may be made available to
defray the reasonable expenses of the Authority.
(d) To enter into contracts treating in any manner with the objects and
purposes of this Article.
(Source: P.A. 90-328, eff. 1-1-98.)
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