Illinois Compiled Statutes 45 ILCS 185/5-35 – Purpose
Current as of: 2024 | Check for updates
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The bridge authority is established for the purpose of:
(1) inheriting the assets, duties, powers, and rights
(1) inheriting the assets, duties, powers, and rights
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of the commission;
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(2) accepting the transfer and ownership of the
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bridge and all interests of the commission in real and personal property;
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(3) accepting or receiving all other assets of the
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commission; and
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(4) equipping, financing, improving, maintaining,
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operating, reconstructing, rehabilitating, and restoring the bridge for use by motor vehicles, pedestrians, and other modes of transportation.
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Terms Used In Illinois Compiled Statutes 45 ILCS 185/5-35
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Personal property: All property that is not real property.