(70 ILCS 1815/10) (from Ch. 19, par. 810)
Sec. 10.
The Port District shall determine in advance the minimum income that
should be produced by the public warehouse or public grain elevator or
transportation facilities offered, and if no qualified bid will produce
such minimum income, all bids may be rejected and the District shall then
readvertise for bids. If after such readvertisement no responsible and
satisfactory bid within the terms of the advertisement is received, the
Port District may then negotiate a lease for not less than the amount of
minimum income so determined. If, after negotiating for a lease as herein
provided, it is found necessary to revise the minimum income to be produced
by the facilities offered for lease, then the Port District shall again
readvertise for bids, as herein provided, before negotiating a lease.
(Source: P.A. 77-1799.)
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