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605 ILCS 10/7
(605 ILCS 10/7) (from Ch. 121, par. 100-7)
Sec. 7.
The chairman of the Board of Directors shall execute and file as
hereinafter provided, a bond in the penal sum of $100,000. Each other
director, other than the ex officio directors shall qualify by executing
and filing, as hereinafter provided, a bond in the penal sum of $25,000,
and the secretary, if not a member of the Authority, shall execute and
file, as hereinafter provided, a bond in the penal sum of $15,000. All such
bonds shall be payable to the People of the State of Illinois, and be
conditioned upon the faithful performance of the duties imposed upon such
chairman, directors or secretary under this Act. Said bonds shall be
subject to the approval of the Governor and of the Attorney General of the
State of Illinois, and shall, when executed and so approved, be filed in
the office of the Secretary of State. The said bonds herein required to be
furnished shall be with a surety company, or companies, authorized to do
business in this State under the laws thereof, and the cost of any official
bonds required to be furnished hereunder shall be paid out of any fund
subject to expenditure by the Authority.
The chairman, directors and secretary of the Authority shall be eligible
to participate in all pensions, accident, health and benefit plans
established by the Authority for its employees in the same manner and form
as all other employees.
(Source: Laws 1967, p. 2748.)
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