(40 ILCS 5/15-161) (from Ch. 108 1/2, par. 15-161)
    Sec. 15-161. To contract and act in its corporate name.
    To be a public corporation of this State with power to enter into contracts, accept and make transfers of property, real and personal; to conduct in its corporate name all court proceedings which the board deems necessary to protect the interests of the State and of the intended beneficiaries under this Article; and generally to accomplish the objects and purposes thereof.
(Source: Laws 1963, p. 161.)