Illinois Compiled Statutes 70 ILCS 1560 — Park District Exposition Authority Lease Act.

Short title

Short title. This Act may be cited as the Park District Exposition Authority Lease Act. (Source: P.A. 86-1324.)

The Commissioners of any park district located in whole or in part in any city having a population of 500,000 or more are hereby authorized and empowered to lease to a Metropolitan Pier and Exposition Authority, for a term not exceeding 40 years, any parcel or parcels of land, not exceeding 25% of the total park area o…

Upon the final termination of the original lease or of any renewal thereof, and subject to the provisions of Section 1 of this Act, the Authority, at the election of the park district, shall cause to be removed from the demised premises the improvements constructed or installed thereon by it, and shall cause the demise…