a lease for a period of not to exceed 5 years for such equipment and machinery as may be required for corporate purposes when authorized by the affirmative vote of two-thirds of the corporate authorities. (65 ILCS 5/Art. 11 Div. 76.1 heading) DIVISION 76.1. PURCHASE OR LEASE OF REAL OR PERSONAL PROPERTY
‹ Prev All Illinois sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.