65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/Art. 11 Div. 88

(65 ILCS 5/Art. 11 Div. 88 heading) DIVISION 88.

GRANT TO PUBLIC AUTHORITY FOR

LOCAL TRANSPORTATION

65 ILCS 5/11-88-1

(65 ILCS 5/11-88-1) (from Ch. 24, par. 11-88-1)

Sec. 11-88-1.

The corporate authorities of each municipality may
grant to any political subdivision, municipal corporation or public
authority of this state with authority to construct and operate
transportation facilities, the right to construct and operate any
facilities for local transportation within the municipality and to use
the streets and other public places therefor. Such right may be granted
for any duration of time and may be exclusive, subject to unexpired
franchise ordinances, but shall not be exclusive of the public right in
any of the streets and public places. Such grant shall not be effective
unless and until it is adopted or approved by a majority of the electors
of the municipality voting upon the proposition, and
if such grant is by ordinance prescribing terms,
conditions and limitations, it shall not be effective unless and until
such ordinance is accepted in writing by the grantee and such acceptance
is filed with the municipal clerk. Such ordinance may be submitted for
approval or adoption at the same election at which any act may be
adopted to create any political subdivision, municipal corporation or
public authority for transportation of persons or property.
The municipal clerk shall promptly certify such ordinance
and proposition for submission at an election in accordance with the general
election law. It shall not be necessary to
print such ordinance in full in the notice of election or on the ballot,
but the notice and ballot shall briefly indicate the nature of the
ordinance setting out its title and date of passage. After any ordinance
prescribing the terms, conditions and limitations of such grant becomes
effective, extensions and additions to such local transportation
facilities may be authorized by ordinance with or without provision for
referendum. After any ordinance prescribing the terms, conditions and
limitations of such grant becomes effective, in cities of 500,000 or
more population, amendments thereto may be made by ordinance, subject to
acceptance in writing by the grantee, as herein provided, without
provision for referendum. Such amendments shall not impair the security
of any indebtedness of the grantee.

(Source: P.A. 81-1489.)