(40 ILCS 5/7-194)
(from Ch. 108 1/2, par. 7-194)
To accept gifts.
To accept any gift, grant or bequest of any money or securities for the
purposes designated by the grantor if such purpose is specified as
providing cash benefits to some or all of the participating employees or
annuitants of this fund, or if no such purposes are designated, for the
purpose of distribution to all the participating employees at the end of
the year in the same proportion as the interest at the effective rate is
allocated for the year.
(Source: Laws 1963, p. 161.)