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70 ILCS 200/20-15
(70 ILCS 200/20-15)
Sec. 20-15. Rights and powers. The Authority shall have
the following rights and powers:
(a) To purchase, own, construct, lease as lessee or in any other way
acquire,
improve, extend, repair, reconstruct, regulate, operate, equip and maintain
fair and expositions grounds, convention or exhibition centers, civic
auditoriums,
office and municipal buildings, and associated facilities, including but
not limited to hotel and restaurant facilities; and sites and parking areas
and facilities therefor located within the metropolitan area;
(b) To plan for such grounds, centers and auditoriums and to plan, sponsor,
hold, arrange and finance fairs, industrial, cultural, educational, theatrical,
sports, trade
and scientific exhibits, shows and events and to use, lease as lessor, or allow
the use
of such grounds, centers, auditoriums and associated
facilities for the holding of fairs, exhibits, shows and events whether
conducted by the Authority or some other person
or governmental agency;
(c) To exercise the right of eminent domain to acquire sites for such
grounds, centers, auditoriums, associated facilities, and parking areas
and facilities in the
manner provided for the exercise of the right of eminent domain under
the Eminent Domain Act;
(d) To fix and collect just, reasonable and nondiscriminatory charges
for the use of such parking areas and facilities, grounds, centers,
auditoriums and associated facilities and admission charges to fairs, shows,
exhibits and events sponsored or held by the Authority. The charges collected
may be made available
to defray the reasonable expenses of the Authority and to pay the principal
of and the interest on any bonds issued by the Authority;
(e) To enter into contracts treating any manner with the objects and
purposes
of this Article.
(Source: P.A. 94-1055, eff. 1-1-07.)
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