(70 ILCS 1600/3) (from Ch. 32, par. 503d)
Sec. 3.
Every such Authority shall have a board of ten commissioners, to be
appointed by the mayor, with the approval of the city council of the city
in which the property of such Authority is located. One of such
commissioners shall serve for one year, one for two years, one for three
years, one for four years, one for five years, one for six years, one for
seven years, one for eight years, one for nine years and one for ten years,
and until their successors, respectively, are appointed and qualified. Upon
expiration of the term of each of such commissioners his successor shall be
appointed in like manner for a term of ten years and until his successor is
appointed and qualified. Each commissioner shall be a legal voter of said
city, and before entering upon the duties of his office shall take and
subscribe an oath to support the constitution of the United States and the
constitution of the state of Illinois and to faithfully discharge his
duties as commissioner. Each commissioner before entering upon the duties
of his office shall also execute a bond, with security to be approved by a
circuit judge residing in the county wherein the Authority is located, in
the penal sum of $30,000 payable to such Authority conditioned for the
faithful performance of his duties as such commissioner. The commissioners
shall serve without compensation.
(Source: P.A. 77-1288.)
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