(20 ILCS 3948/30)
Sec. 30. Powers of the board of directors. The board of directors shall have the power to:
(1) Secure funding for programs and activities of IGP |
| from federal, State, local, and private sources and from fees charged for services and published materials; solicit, receive, hold, invest, and administer any grant, payment, or gift of funds or property; and make expenditures consistent with the powers granted to it.
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(2) Make and enter into contracts and other
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| instruments necessary or convenient for the exercise of its powers and functions.
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(3) Sue and be sued, and appear and defend in all
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| actions and proceedings, in its corporate name to the same extent as a natural person.
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(4) Adopt, use, and alter a common corporate seal for
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(5) Elect or appoint officers and agents as its
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| affairs require and allow them reasonable compensation.
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(6) Adopt, amend, and repeal bylaws, not inconsistent
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| with the powers granted to it or the articles of incorporation, for the administration of the affairs of IGP and the exercise of its corporate powers.
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(7) Acquire, enjoy, use, and dispose of patents,
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| copyrights, and trademarks and any licenses, royalties, and other rights or interests thereunder or therein.
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(8) Do all acts and things necessary or convenient to
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| carry out the powers granted to it.
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(Source: P.A. 94-388, eff. 7-29-05.)
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