(70 ILCS 3605/7) (from Ch. 111 2/3, par. 307)
Sec. 7.
The Authority shall have power to acquire by purchase,
condemnation, lease, gift or otherwise all or any part of the plant,
equipment, property, rights in property, reserve funds, employees' pension
or retirement funds, special funds, franchises, licenses, patents, permits
and papers, documents and records belonging to any public utility operating
a transportation system within the metropolitan area of Cook County,
together with all or any part of the right of way, equipment, fixed
facilities and other property of any kind of any such utility extending
beyond the boundaries of the metropolitan area of Cook County and forming
part of an integrated suburban rapid transit, rail transportation facility
or motor bus operation connecting with rapid transit or electric railway
lines in super highways of the Authority or leading to the unification and
integration of a unified rapid transit, rail, and motor bus operation in
and about the metropolitan area of Cook County. Such properties upon
acquisition by or lease to the Authority shall become and be operated as
part of the transportation system of the Authority and the Authority shall
have all powers in connection with such properties and such operations as
are conferred by this Act with respect to the transportation system of the
Authority located within the metropolitan area of Cook County. The
Authority shall also have the power to enter into agreements to operate any
such lines extending beyond the boundaries of the metropolitan area; such
agreements to be subject to all other provisions of this Act. The Authority
shall have power to contract for or lease for operation and maintenance by
the Authority, any municipally owned local transportation subways or other
municipally owned local transportation facilities or the facilities of any
common carrier or the facilities of any local Mass Transit District,
organized under the "Local Mass Transit Act", approved July 21, 1959, as
heretofore and hereafter amended, whether such subways or facilities are
within or without the metropolitan area of Cook County. The Authority shall
have the power to contract with any local Mass Transit District, organized
under the "Local Mass Transit Act", approved July 21, 1959, as heretofore
and hereafter amended, or with any common carrier for the construction and
operation of a transportation system, whether such transportation system is
within or without the metropolitan area of Cook County. However, the
Authority shall not have power to operate a motor bus facility, the major
part of which is used for local transportation of passengers in any city,
village or incorporated town, unless and until the Authority shall have
secured the right to operate motor buses in such municipality for local
transportation of passengers in the manner stated in Section 11 of this
Act.
(Source: P.A. 76-1548.)
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