60 ILCS 1/85-10
2021 Illinois Compiled Statutes|Chapter 60 - TOWNSHIPS|60 ILCS 1/ - Township Code.|Article 85 - Township Corporate Powers, Generally

Sec. 85-10. Township corporate powers.(a) Every township has the corporate capacity to exercise the  powers granted to it, or necessarily implied, and no  others. Every township has the powers specified in this Section.(b) A township may sue and be sued.(c) A township may acquire (by purchase, gift, or legacy) and hold property,  both real and personal, for the use of its inhabitants and may sell and  convey that property. A township may purchase any real estate or personal  property for public purposes under contracts providing for payment in  installments over a period of time of not more than 20 years in the case of  real estate and not more than 10 years in the case of personal property.  A township may finance the purchase of any real estate or personal property  for public purpose under finance contracts providing for payment in  installments over a period of time of not more than 20 years in the case of  real estate and not more than 10 years in the case of personal property.  A township may construct a township hall under contracts providing for payment  over a period of time of not more than 20 years. The interest on the unpaid  balance shall not exceed that permitted in the Bond Authorization Act.(d) A township may make all contracts necessary in the exercise of the  township's powers.(e) A township may expend or contract for the expenditure of any federal  funds made available to the township by law for any purpose for which taxes  imposed upon township property or property within the township may be expended.(f) A township may acquire (singly or jointly with a municipality or  municipalities) land or any interest in land located within its township  limits.  The township may acquire the land or interest by gift, purchase, or  otherwise, but not by condemnation.  A township may (singly or jointly) improve  or arrange for the improvement of the land for industrial  or commercial  purposes and may donate and convey the land or interest in land so acquired  and so improved to the Illinois Finance Authority.(g) (Blank)(h) It is the policy of this State that all powers granted either expressly  or by necessary implication by this Code, any other Illinois statute, or the  Illinois Constitution to townships may be exercised by those  townships notwithstanding effects on competition. It is the intention of the  General Assembly that the "State action exemption" to the application of  federal antitrust statutes be fully available to townships to the extent  their activities are authorized by law as stated in this Code.(i) A township may receive funds under the federal Housing and  Community Development Act of 1974 and may expend or contract for the  expenditure of those funds and other township funds for the  activities specified in Section 105 of that Act.  The powers granted under this  subsection (i) are in addition to powers otherwise possessed by a township and  shall not be construed as a limitation of those other powers.(j) A township may establish reasonable fees for recreation and  instructional programs sponsored by the township.  (Source: P.A. 97-549, eff. 8-25-11.)