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70 ILCS 200/205-15
(70 ILCS 200/205-15)
Sec. 205-15. 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 exposition grounds, convention or exhibition centers and
civic auditoriums, including sites and parking areas and facilities
therefor located within the City area, and to lease air space over and
appurtenant to such facilities;
(b) To plan for such grounds, centers and auditoriums and to plan,
sponsor, hold, arrange and finance fairs, industrial, cultural,
educational, trade and scientific exhibits, shows and events and to use or
allow the use of such grounds, centers and auditoriums 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 and auditoriums, 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 and
auditoriums 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 of any bonds issued by the Authority;
(e) To enter into contracts treating in any manner with the objects and
purposes of this Article.
(Source: P.A. 94-1055, eff. 1-1-07.)
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