Illinois Compiled Statutes 70 ILCS 1935/5 – Definitions
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As used in this Act:
“Authority” means the Elmwood Park Grade Separation Authority.
“Person” includes an individual, partnership, firm, public or private corporation, and government or unit of government.
“Railroad” or “Railroads” means the Canadian Pacific Railway and other railroads operating or owning trackage or right-of-way within the area of the Authority.
“Village” means the Village of Elmwood Park.
“Authority” means the Elmwood Park Grade Separation Authority.
Terms Used In Illinois Compiled Statutes 70 ILCS 1935/5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
“Person” includes an individual, partnership, firm, public or private corporation, and government or unit of government.
“Railroad” or “Railroads” means the Canadian Pacific Railway and other railroads operating or owning trackage or right-of-way within the area of the Authority.
“Village” means the Village of Elmwood Park.