(65 ILCS 5/11-76-5) (from Ch. 24, par. 11-76-5)
Sec. 11-76-5.
If, in the opinion of the corporate authorities of a
municipality with a population not exceeding 100,000 which is situated upon
the banks of a navigable river, the land owned by the municipality for the
purpose of a public landing or public levee, is not immediately required
for that purpose, the municipality may lease, for a period not exceeding 25
years, such parts of the landing or levee as the corporate authorities
think best, for the purpose of erecting manufactories, warehouses, or grain
elevators thereon.
No lease specified in this section shall take effect until approved by a
resolution or ordinance of the corporate authorities of the municipality.
(Source: Laws 1961, p. 576.)
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