(70 ILCS 1820/34)
(from Ch. 19, par. 884)
All property of every kind owned by the Port District shall be
exempt from taxation. However, a tax may be levied upon a lessee of the
Port District by reason of the value of a leasehold estate separate and
apart from the fee simple title, or upon such improvements as are constructed
and owned by others than the Port District.
(Source: P.A. 79-1475.)