(70 ILCS 1835/3) (from Ch. 19, par. 703)
Sec. 3.
There is created a political subdivision, body politic and municipal
corporation by the name of Mt. Carmel Regional Port District which shall
embrace, include and consist of the territory within the corporate limits
of the City of Mt. Carmel as those corporate limits exist on the effective
date of this Act. Territory may be annexed to the District in the manner
hereinafter provided in this Act. The District may sue and be sued in its
corporate name, but execution shall not in any case issue against any of
the property or assets of the District. The District may adopt a common
seal and change the same at its pleasure.
All property of every kind belonging to the District shall be exempt
from taxation, provided that taxes may be assessed and levied upon a lessee
of the District by reason of the value of a leasehold estate separate and
apart from the fee and upon such improvements as are constructed and owned
by others than the District. All property of the District shall be
construed as constituting public property owned by a municipal corporation
and used exclusively for public purposes within Section
15-155 of the Property Tax Code.
(Source: P.A. 88-670, eff. 12-2-94.)
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