Sec. 17. Miscellaneous powers.
253 words·~1 min read·
/il/chapter-70/act-15/17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 17. Miscellaneous powers. The Authority shall possess the power to:
(1)Enter into contracts regarding any matter connected with any purpose within the objects and purposes of this Act.
(2)Employ agents and employees necessary to carry out the duties and purposes of the Authority.
(3)Adopt all necessary bylaws, rules and regulations for the conduct of the business and affairs of the Authority, and for the management and use of facilities and sites acquired under the powers granted by this Act.
(4)Have and use a common seal and alter the same at pleasure.
(5)Secure grants or loans, or both, from the United States government, or any agency thereof, for financing the planning, establishment, construction and operation of any airport, related facility, perimeter area or perimeter area facility or any part of any of the foregoing authorized by this Act. For such purposes the Authority may issue and sell or pledge to the United States government, or any agency thereof, all or any part of the revenue bonds authorized under Sections 14, 15 and 16 of this Act, and execute contracts and documents and do all things that may be required by the United States government, or any agency thereof, provided that such contracts and documents do not conflict with the provisions of any resolution authorizing and securing the payment of outstanding bonds of the Authority theretofore issued that are payable from the revenues derived from the operation of any Authority airport, related facility, perimeter area or perimeter area facility.