(220 ILCS 10/14)
(from Ch. 111 2/3, par. 914)
(1) Election. The interim board of directors
and the board of directors, at the first regular meeting of each at which
a quorum is present, shall elect by a majority vote of the directors present
and voting a president, vice president, secretary and treasurer. The board
may elect such other officers as it deems necessary.
(2) Term of office. (a) Board officers shall begin serving immediately
upon their election and their term of office shall be one year. After his
or her term of office has expired, a board officer shall continue to serve
until his or her successor is elected and certified.
(b) If a board office is vacant, the board shall elect a successor to
serve out the term of the office.
(3) Powers and duties. Board officers shall exercise powers and perform
duties as prescribed by this Act or as delegated to them by the board.
(Source: P.A. 83-945.)