(70 ILCS 1865/4.14b) (from Ch. 19, par. 182.14b)
Sec. 4.14b.
To establish, organize, own, acquire, participate in,
operate, sell and transfer Export Trading Companies, whether as
shareholder, partner, or co-venturer, alone or in cooperation with federal,
state or local governmental authorities, federal, state or national banking
associations, or any other public or private corporation or person or
persons. The term "Export Trading Companies" means a person, partnership,
association, public or private corporation or similar organization, whether
operated for profit or not for profit, which is organized and operated
principally for purposes of exporting goods or services produced in the
United States, importing goods or services produced in foreign countries,
conducting third-country trading or facilitating such trade by providing
one or more services in support of such trade. Such Export Trading
Companies and all of the property thereof, wholly or partly owned, directly
or indirectly, by the District, shall have the same privileges
and immunities as accorded to the District; and Export Trading Companies
may borrow money or obtain financial assistance from private lenders or
federal and state governmental authorities or issue general obligation and
revenue bonds with the same kinds of security, and in accordance with the
same procedures, restrictions and privileges applicable when the District
obtains financial assistance or issues bonds for any of its other authorized
purposes. Such Export Trading Companies are authorized, if necessary or
desirable, to apply for certification under Title II or Title III of the Export
Trading Company Act of 1982.
(Source: P.A. 84-993.)
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