(70 ILCS 805/6b) (from Ch. 96 1/2, par. 6311)
Sec. 6b.
The board of each forest preserve district has the power by ordinance
to purchase or lease as lessee real or personal property, or to acquire
an easement in real property, for public
purposes pursuant to contracts or leases which provide that the
consideration for such purchase, lease or easement may be paid in annual
installments; and to lease as
lessee or to purchase real property or personal property for public
purposes pursuant to a lease or purchase agreement which lease or
purchase agreement may provide that the district may, at its option,
purchase the property which is subject to the agreement or lease upon
terms wherein payments previously made, or a portion of them, are
deducted from the purchase price of the property as provided for in such
lease or agreement.
However, the maximum amounts that will become due under the terms of
such purchase or lease agreements, or under the terms of the acquisition
of an easement, together with all other indebtedness
of the district, must be within the constitutional limitations upon the
incurring of indebtedness for such district and for such pertinent
public purposes.
(Source: P.A. 83-927.)
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