(65 ILCS 5/11-122.1-2) (from Ch. 24, par. 11-122.1-2)
Sec. 11-122.1-2.
Any municipality may contract for the operation of privately owned,
local passenger transportation system or a portion thereof within its
corporate limits or within a radius of one-half mile thereof upon terms
satisfactory to it and to the owner of such system. By the contract, the
municipality may bind itself to pay to the owner and operator such sums as
may be agreed upon by the municipality.
(Source: P.A. 76-100.)
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