(70 ILCS 1865/5) (from Ch. 19, par. 183)
Sec. 5. The District has power to acquire and accept by purchase, lease,
gift, grant or otherwise any property and rights useful for its purposes
and to provide for the development of channels, ports, harbors, airports,
airfields, terminals, port facilities and terminal facilities and
merchandising, commercial and industrial areas incidental to the ownership
and operation of an airport terminal facility adequate to serve the needs
of commerce within the District. The District may acquire real or personal
property or any rights therein in the manner, as near as may be, as is
provided for the exercise of the right of eminent
domain under the Eminent Domain Act;
except that no rights or property of any kind or character now or hereafter
owned, leased, controlled or operated and used by, or necessary for the
actual operation of, any common carrier engaged in interstate commerce, or
of any other public utility subject to the jurisdiction of the Illinois
Commerce Commission, shall be taken or appropriated by the District without
first obtaining the approval of that Commission. The District has the power
to lease, sell, exchange and mortgage real and personal property for any of
the purposes for which it may acquire property under the terms of this Act.
Any conveyance or mortgage by the District shall be signed by its Chairman
and attested by its Secretary.
(Source: P.A. 94-1055, eff. 1-1-07.)
|