(805 ILCS 125/5) (from Ch. 32, par. 199.3)
Sec. 5.
Any corporation, association or society, not for pecuniary profit,
existing by virtue of any special Act of the Legislature, notwithstanding
any limitation or restriction contained in such special Act, shall have the
power to purchase, take, receive, acquire, own, hold, use, lease, sell,
mortgage, pledge and otherwise deal in and with such real or personal
property, including shares or other interests in or obligations of domestic
or foreign corporations, associations, partnerships or individuals, of
whatever nature or kind and of whatever amount or value may be necessary,
suitable or proper to serve and accomplish the purposes of its
organization, and shall have the power to take, receive, acquire, own, hold
and use any real and personal property which may be given or
bequeathed by will or may be granted or donated by deed
or other instrument, or may otherwise be conveyed to such corporation,
association or society, for endowment or other purposes.
(Source: P.A. 84-1308.)
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