Illinois Code § 805 ILCS 30/1

That all gas companies now organized, or
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hereafter to be organized in this state, are hereby authorized and
empowered to sell, transfer and convey or lease their real and personal
property, rights, franchises and privileges, in whole or in part, to any
other gas company doing business in the same city, town or village, and
such other gas company is authorized to purchase or lease and to hold and
enjoy said property.

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