(70 ILCS 1815/14) (from Ch. 19, par. 814)
Sec. 14.
The Port District may lease to others for any period of time not to
exceed 99 years, upon such terms as the Board may determine, any of its
real property, rights of way or privileges, or any interest therein, or any
part thereof, suitable for industrial, manufacturing, commercial or harbor
purposes which, in the opinion of the Board, is no longer required for its
primary purposes in the development of port and harbor facilities for the
use of public transportation, or which may not be needed immediately for
such purposes. But where such leases in the opinion of the Board will aid
and promote such purposes in conjunction with such leases, the Port
District may grant rights of way and privileges across property of the Port
District. Such rights of way and privileges may be assignable and
irrevocable during the term of any lease and may include the right to enter
upon the property of the Port District to do such things as may be
necessary for the enjoyment of leases, rights of way and privileges. Such
leases may contain such conditions and retain such interest therein as the
Board deems for the best interest of the Port District.
(Source: P.A. 77-1799.)
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