(620 ILCS 45/20) (from Ch. 15 1/2, par. 103)
Sec. 20.
The Board of Directors may apply for and receive a grant or loan
or other financial aid from the State or Federal government or from any
State or Federal agency, department, bureau or board, necessary or useful
for the undertaking, performance or execution of any of its objects or
purposes, and any such Board of Directors may undertake the acquisition,
establishment, construction or development or improvement of an airport or
airports in co-operation with or as a joint enterprise with the State or
Federal governments or with both the State and Federal governments acting
or represented by any State or Federal agency, department, bureau or board.
In every case where Federal or State aid or financial assistance is to
be secured, or where the Federal or State governments, or both the Federal
and State governments, have joined with any such Board of Directors for the
acquisition, establishment, construction, development or improvement of an
airport, such Board of Directors may secure necessary funds to finance its
portion of the cost of such project through the issuance of bonds in the
manner provided by this Act, or by the issuance of obligations payable
from operating revenue.
(Source: Laws 1943, vol. 1, p. 516.)
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