(70 ILCS 200/45-12)
Sec. 45-12.
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 exhibition centers, civic auditoriums, cultural
facilities, and office buildings, including sites, parking areas, and
commercial facilities for those structures, located within the metropolitan
area.
(b) To plan for grounds, centers, and auditoriums; to plan,
sponsor, hold, arrange, and finance fairs, industrial, cultural, educational,
trade, and scientific exhibits, shows, and events; and to use or allow the use
of those grounds, centers, and auditoriums 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, grounds,
centers, buildings, and auditoriums 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 and to pay the principal of and interest on any bonds issued by
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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