Illinois Compiled Statutes 70 ILCS 1205/8-13 – In addition to the other powers and authority now possessed by it, …
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Terms Used In Illinois Compiled Statutes 70 ILCS 1205/8-13
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
In addition to the other powers and authority now possessed by it, every park district may enter into a lease for a period of not to exceed 8 years for such equipment and machinery as may be required for corporate purposes when authorized by the affirmative vote of two-thirds of the governing board of the park district.