(70 ILCS 3305/5) (from Ch. 121, par. 359)
Sec. 5.
The trustees shall exercise all of the powers and control all the
affairs and property of such district. The board of trustees, immediately
after their appointment and at their first meeting in May of each year
thereafter, shall elect one of their number as president and one of their
number as secretary. The board shall prescribe the duties and fix the
compensation of all of the officers and employees of the street lighting
district: Provided that a member of the board of trustees shall in no case
receive a sum to exceed $300.00 per annum. The board of trustees shall have
full power to pass all necessary ordinances, rules and regulations for the
proper management and conduct of the business of the street lighting
district for carrying into effect the objects for which the district was
formed.
(Source: Laws 1953, p. 226.)
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