(40 ILCS 5/12-186) (from Ch. 108 1/2, par. 12-186)
Sec. 12-186.
No commissions or compensation.
No member of the board, nor any one connected with the board, shall have
any interest, direct or indirect, in the gains or profits of any investment
made by such board, nor as such, directly or indirectly, receive any pay or
emoluments for his services. Nor shall any such person as an agent or
partner of others borrow any funds or deposits, or in any manner use the
same, except to make such current and necessary payments as are authorized
by the board. Nor shall any member of said board, or anyone connected with
said board, become an endorser or surety or become in any manner an obligor
for moneys loaned by or borrowed of any such board.
(Source: Laws 1963, p. 161.)
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