The Redevelopment Commission, in its issuance of certificates of convenience and necessity pursuant to Section 18 of this Act, shall give preference, other things being equal, to such Neighborhood Redevelopment Corporation (as opposed to any other Neighborhood Redevelopment Corporation), the pre-incorporation subscribers to the common shares of which have been for two or more years preceding incorporation the owners of not less than ten per centum in area of the Real Property located within the proposed Development Area.
315 ILCS 20/22
Preference in issuance of certificates of convenience and necessity
Known as the Neighborhood Redevelopment Corporation Law
The act spans §§ 315-20-1 to 315-20-9-5 (57 sections).
Laws 1941, vol. 1, p. 431.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.