65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-102-8

(65 ILCS 5/11-102-8) (from Ch. 24, par. 11-102-8)

Sec. 11-102-8.

Whenever revenue bonds are issued and outstanding under
Sections 11-102-6 and 11-102-7, the entire revenue received from the
operation of the airport or airports or from any building, structures, or
facilities thereof or relating thereto shall be deposited in a separate
fund which shall be used only in paying the principal and interest of these
revenue bonds and reserves therefor and the cost of maintenance, operation
and depreciation of the airport or airports and facilities in such order of
priority as shall be provided by the respective ordinances authorizing
revenue bonds. However, no priority accorded by such an ordinance may be
impaired by a subsequent ordinance authorizing revenue bonds unless
specifically so permitted by a covenant of the kind authorized to be
included in an ordinance by Section 11-102-7. Such revenue in excess of
requirements for payment of principal of and interest upon these bonds and
reserves therefor and for payment of cost of maintenance, operation and
depreciation of the airport or airports and facilities may be used for
rehabilitation of existing airports and facilities, necessary
reconstruction and expansion, construction of new facilities or for
retirement of any outstanding bonds issued for airport purposes. After all
such bonds have been paid, such revenues may be transferred to the general
corporate fund of any such municipality and may be used for the
maintenance, operation, repair and development of such airport or airports
or buildings, structures or facilities thereof or relating thereto or for
any corporate purpose.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-102-9

(65 ILCS 5/11-102-9) (from Ch. 24, par. 11-102-9)

Sec. 11-102-9.

Every municipality specified in Section 11-102-1 may secure
grants and loans, or either, from the United States government, or any
agency thereof, for financing the establishment and construction of any
airport, or any part thereof, authorized by this Division 102. For such
purposes it may issue and sell or pledge to the United States government,
or any agency thereof, all or any part of the revenue bonds authorized
under Section 11-102-6, and execute contracts and documents and do all
things that may be required by the United States government, or any agency
thereof, provided that such contracts and documents do not conflict with
the provisions of any ordinance authorizing and securing the payment of
outstanding bonds of the municipality theretofore issued that are payable
from the revenues derived from the operation of the airport or airports or
from any buildings, structures or facilities thereof or relating thereto.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-102-10

(65 ILCS 5/11-102-10) (from Ch. 24, par. 11-102-10)

Sec. 11-102-10.

The provisions of this Division 102 are subject to the
provisions of the Illinois Aeronautics Act, as heretofore and hereafter
amended.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-102-15

(65 ILCS 5/11-102-15)

Sec. 11-102-15. Chicago Midway International Airport; application of other Acts.

In addition to the provisions of this Division 102, Chicago Midway International Airport is subject to the provisions of the  Local Government Facility Lease Act.

(Source: P.A. 94-750, eff. 5-9-06.)

65 ILCS 5/Art. 11 Div. 103

(65 ILCS 5/Art. 11 Div. 103 heading) DIVISION 103.

AIRPORTS FOR MUNICIPALITIES OF

LESS THAN 500,000

65 ILCS 5/11-103-1

(65 ILCS 5/11-103-1) (from Ch. 24, par. 11-103-1)

Sec. 11-103-1.

Every municipality having a population of less than 500,000
may acquire, own, construct, manage, maintain, and operate, within or
outside the corporate limits of the municipality, airports and landing
fields, together with all land, appurtenances, and easements, required
therefor or deemed necessary and useful in connection therewith and in
accordance with the purposes expressed in this section, including
structures of all kinds.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-103-2

(65 ILCS 5/11-103-2) (from Ch. 24, par. 11-103-2)

Sec. 11-103-2.

Every municipality specified in Section 11-103-1 may, for
airport and landing field purposes, (1) acquire by dedication, gift, lease,
contract, purchase, or condemnation under power of eminent domain, all
property and rights, necessary or proper, within and outside the corporate
limits of the municipality, (2) appropriate money, (3) levy and collect
taxes, and (4) borrow money and issue bonds on the credit of the
municipality.

(Source: Laws 1961, p. 576.)

65 ILCS 5/11-103-3

(65 ILCS 5/11-103-3) (from Ch. 24, par. 11-103-3)

Sec. 11-103-3.

In all cases where property or rights are acquired or sought
to be acquired by condemnation, the procedure shall be, as nearly as may
be, like that provided for the exercise of the
right of eminent domain under the Eminent Domain Act.

(Source: P.A. 94-1055, eff. 1-1-07.)

65 ILCS 5/11-103-4

(65 ILCS 5/11-103-4) (from Ch. 24, par. 11-103-4)

Sec. 11-103-4.

All land and appurtenances thereto, acquired, owned, leased,
or occupied by a municipality for any purpose specified in Section 11-103-1
are acquired, owned, leased, and occupied for a public purpose.

(Source: Laws 1961, p. 576.)