The Authority shall have power to acquire by purchase, condemnation, lease, gift or otherwise any property and rights useful for its purposes and to sell, lease, transfer or convey any property or rights when no longer useful or exchange the same for other property or rights which are useful for its purposes.
70 ILCS 3605/8
Known as the Chicago Transit Authority Act
The act spans §§ 70-3605-1 to 70-3605-9c (73 sections).
Laws 1945, p. 1171
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.