(70 ILCS 1930/50)
Secretary and Treasurer; oaths; bond of Treasurer.
board may appoint a Secretary and a Treasurer, who need not be members of
board, to hold office at the pleasure of the board, and fix their
duties and compensation. Before entering upon the duties of their respective
offices, they shall take and subscribe to the constitutional oath of office,
and the Treasurer shall execute a bond with corporate sureties to be approved
by the board. The bond shall be payable to the Authority in whatever penal
sum may be directed by the board conditioned upon the faithful performance
of the duties of the office and the payment of all money received by the
Treasurer according to law and the orders of the board. The board may,
at any time, require a new bond for the Treasurer in any penal sum that may
be determined by the board.
(Source: P.A. 95-122, eff. 8-13-07.)