Illinois Code § 310 ILCS 10/8

An Authority shall be a municipal corporation and shall constitute
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a body both corporate and politic, exercising public and essential
governmental functions, and having all the powers necessary or convenient
to carry out and effectuate the purposes and provisions of this Act,
including, in addition to others herein granted, the powers enumerated in
Sections 8.1 through 8.8, inclusive.

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