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(70 ILCS 5/6) (from Ch. 15 1/2, par. 68.6)
Sec. 6.
Powers
of the board, first meeting, by-laws, etc.
The Board of Commissioners of an Authority shall possess and exercise
all of its legislative and executive powers. Within thirty days after the
appointment of the initial commissioners, the board shall meet and elect a
chairman. It shall then also select a secretary, treasurer and such
officers or employees as it deems expedient or necessary for the
accomplishment of its corporate objects, none of whom need be a member of
the board. The board at said meeting by ordinance shall define the first
and subsequent fiscal years of the Authority, and shall adopt a corporate
seal and by-laws, which shall determine the times for the annual election
of officers and of other regular and special meetings of the board, and
shall contain the rules for the transaction of other business of the
Authority and for amending such by-laws.
Each commissioner of any such Authority shall devote such time to the
duties of such office as the faithful discharge thereof may require, and
shall be compensated for such services upon such basis as the board of
commissioners of such Authority shall provide by ordinance, and each
commissioner shall also be reimbursed actual expenses incurred in the
performance of such official duties, provided, however, in airport
authorities having a population of not more than 500,000 the compensation
for services of any commissioner shall not exceed $150.00 in any one month
for services within the corporate limits of such Authority or within a
distance of 50 miles from such corporate limits, and provided, further, that in airport
authorities having a population of more than 500,000, the compensation for
services of any commissioner shall not exceed the sum of $10,000.00 per
annum.
(Source: P.A. 79-574.)
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