Illinois Compiled Statutes
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70 ILCS 200/200-15
(70 ILCS 200/200-15)
Rights and powers.
The Authority shall
have the following rights and 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 exhibitions grounds, convention or exhibition centers, civic
auditoriums, and office and municipal buildings, including sites and parking
areas and facilities therefor located within the metropolitan area.
(b) To enter into contracts treating in any manner with the objects and
purposes of this Article.
(c) To plan for such grounds, centers and auditoriums and 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 such 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.
(d) To exercise the right of eminent domain to acquire sites for such
grounds, centers, buildings and auditoriums, and parking areas and facilities
in the manner provided for by the Eminent Domain Act.
(e) To fix and collect just, reasonable and nondiscriminatory charges
and rents for the use of such parking areas and facilities, grounds, centers,
buildings and auditoriums and 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 the interest on any bonds issued by the Authority.
(Source: P.A. 94-1055, eff. 1-1-07.)