(65 ILCS 5/11-123-19) (from Ch. 24, par. 11-123-19)
Sec. 11-123-19.
Whenever any public or municipal corporation constructs a
utility under authority of Section 11-123-18, or any other law of the
state, within the corporate limits or jurisdiction of any city or village,
or in, over, or upon public waters bordering thereon, the city or village
has the power to purchase the utility on such terms and conditions as may
be provided by law, and in case no terms and conditions are provided by
law, then on such terms and conditions as may be agreed upon by the city or
village and the public or municipal corporation.
(Source: Laws 1961, p. 576.)
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