(70 ILCS 1865/4.5) (from Ch. 19, par. 182.5)
Sec. 4.5.
Acquire, own, construct, lease, operate and maintain terminals,
terminal facilities and port facilities, including, but not limited to:
launching, mooring, docking, storing, parking and repairing facilities and
services for all waterborne vessels used for pleasure and commercial
purposes; parking facilities for motor vehicles and boat trailers used in
connection with such vessels; roads and tracks to such facilities; and
fixing and collecting just, reasonable, and nondiscriminatory charges for
the use of such facilities. The charges so collected shall be used to
defray the reasonable expenses of the Port District and to pay the
principal of and interest on any revenue bonds issued by the District.
The District may, if it deems desirable, set aside and allocate an area
or areas within the lands held by it or acquired by it to be leased to
private parties for industrial, manufacturing, commercial or harbor
purposes, where such area or areas are not in the opinion of the District
immediately required for its primary purpose in the development of harbor
and port facilities for the use of public water and land transportation and
where such leasing will, in the opinion of the District, aid and promote
the development of terminal and port facilities. Such leases may be made
for such duration as the District deems desirable, but not to exceed 99
years.
(Source: Laws 1963, p. 2413.)
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