Illinois Compiled Statutes 70 ILCS 1845/4.16 – To acquire, own, lease, sell or otherwise dispose of interests in and …
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Terms Used In Illinois Compiled Statutes 70 ILCS 1845/4.16
- 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
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
To acquire, own, lease, sell or otherwise dispose of interests in and to real property and improvements situated thereon and in personal property necessary to fulfill the purposes of the District.