(40 ILCS 5/17-140)
(from Ch. 108 1/2, par. 17-140)
The president, recording secretary and other officers of the Board shall
be elected by and from the members of the board at the first meeting of the
Board after the election of trustees.
In case any officer whose signature appears upon any check or draft,
issued pursuant to this Article, ceases (after attaching his signature) to
hold his office before the delivery thereof to the payee, his signature
nevertheless shall be valid and sufficient for all purposes with the same
effect as if he had remained in office until delivery thereof.
(Source: P.A. 90-566, eff. 1-2-98.)