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(70 ILCS 3605/19)
(from Ch. 111 2/3, par. 319)
The governing and administrative body of the Authority shall be a
board consisting of seven members, to be known as Chicago Transit Board.
Members of the Board shall be residents of the metropolitan area and persons of
recognized business ability. No member of the Board of the
Authority shall hold any other office or employment under the Federal,
State or any County or any municipal government, or any other unit of local government, except an honorary office
without compensation or an office in the National Guard. No employee of
the Authority shall hold any other office or employment under the Federal,
State or any County or any municipal government, or any other unit of local government, except an office with
compensation not exceeding $15,000 annually or a position in the National
Guard or the United States military reserves. Provided, however,
that the Chairman may be a member of the Board of the Regional Transportation
Authority. No member of the
Board or employee of the Authority shall have any private financial
interest, profit or benefit in any contract, work or business of the
Authority nor in the sale or lease of any property to or from the
Authority. The salary of each member of the initial Board shall be
$15,000.00 per annum, and such salary shall not be increased or diminished
during his or her term of office. The salaries of successor members of the
Board shall be fixed by the Board and shall not be increased or diminished
during their respective terms of office. No Board member shall be allowed
any fees, perquisites or emoluments, reward or compensation for his or her
services as a member or officer of the Authority aside from his or her
salary or pension, but he or she shall be reimbursed for actual expenses
incurred by him or her in the performance of his or her duties.
(Source: P.A. 98-709, eff. 7-16-14.)