Full Text of SB0978 95th General Assembly
SB0978 95TH GENERAL ASSEMBLY
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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
SB0978
Introduced 2/8/2007, by Sen. Antonio Munoz - Emil Jones, Jr. SYNOPSIS AS INTRODUCED:
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605 ILCS 10/7 |
from Ch. 121, par. 100-7 |
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Amends the Toll Highway Act. Makes a technical change in a Section regarding
the filing of bonds by the board of directors.
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A BILL FOR
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SB0978 |
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LRB095 05829 LCT 25919 b |
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| AN ACT concerning transportation.
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| Be it enacted by the People of the State of Illinois, | | 3 |
| represented in the General Assembly:
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| Section 5. The Toll Highway Act is amended by changing | | 5 |
| Section 7 as follows:
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| (605 ILCS 10/7) (from Ch. 121, par. 100-7)
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| Sec. 7. The
The chairman of the Board of Directors shall | | 8 |
| execute and file as
hereinafter provided, a bond in the penal | | 9 |
| sum of $100,000. Each other
director, other than the ex officio | | 10 |
| directors shall qualify by executing
and filing, as hereinafter | | 11 |
| provided, a bond in the penal sum of $25,000,
and the | | 12 |
| secretary, if not a member of the Authority, shall execute and
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| file, as hereinafter provided, a bond in the penal sum of | | 14 |
| $15,000. All such
bonds shall be payable to the People of the | | 15 |
| State of Illinois, and be
conditioned upon the faithful | | 16 |
| performance of the duties imposed upon such
chairman, directors | | 17 |
| or secretary under this Act. Said bonds shall be
subject to the | | 18 |
| approval of the Governor and of the Attorney General of the
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| State of Illinois, and shall, when executed and so approved, be | | 20 |
| filed in
the office of the Secretary of State. The said bonds | | 21 |
| herein required to be
furnished shall be with a surety company, | | 22 |
| or companies, authorized to do
business in this State under the | | 23 |
| laws thereof, and the cost of any official
bonds required to be |
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SB0978 |
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LRB095 05829 LCT 25919 b |
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| furnished hereunder shall be paid out of any fund
subject to | | 2 |
| expenditure by the Authority. | | 3 |
| The chairman, directors and secretary of the Authority | | 4 |
| shall be eligible
to participate in all pensions, accident, | | 5 |
| health and benefit plans
established by the Authority for its | | 6 |
| employees in the same manner and form
as all other employees.
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| (Source: Laws 1967, p. 2748.)
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