40 ILCS 5/ Illinois Pension Code.

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40 ILCS 5/22-221

(40 ILCS 5/22-221) (from Ch. 108 1/2, par. 22-221)

Sec. 22-221.

To accept gifts.

To receive gifts and donations to the fund from all sources, including
rewards in moneys, fees, gifts and emoluments, that shall be paid or given
for or on account of extraordinary services by the fire insurance patrol or
any member thereof (except when allowed to be retained by such member or
given to endow a medal or other permanent or competitive award). Also to
accept any gifts or donations of money from the Board of Underwriters from
any of its funds in addition to the sums required to be paid into the
pension fund under this Division.

(Source: Laws 1963, p. 161.)

40 ILCS 5/22-222

(40 ILCS 5/22-222) (from Ch. 108 1/2, par. 22-222)

Sec. 22-222.

To invest funds.

To invest funds coming into their hands in the name of the Board of
Trustees of the patrolmen's pension fund, in such investments as may be
made by a trustee of a trust fund under the laws of the State of Illinois
and as may be approved by the Board of Trustees. No personal liability of
the trustees or any of them shall attach by reason of any such investments
made in good faith.

No bank or savings and loan association shall receive investment funds
as permitted by this Section, unless it has complied with the requirements
established pursuant to Section 6 of "An Act relating to certain investments of
public funds by public agencies", approved July 23, 1943, as now or hereafter
amended.  The limitations set forth in such Section 6 shall be applicable
only at the time of investment and shall not require the liquidation of
any investment at any time.

(Source: P.A. 83-541.)

40 ILCS 5/22-223

(40 ILCS 5/22-223) (from Ch. 108 1/2, par. 22-223)

Sec. 22-223.

To retain principal of investments.

Except as provided in Section 22-232 the Board of Trustees shall have
the right and power, in their sole discretion, to provide that the
principal of invested funds shall be held intact and that each beneficiary
of the benefit, pensions and payments provided in this Division shall
receive only such equal percentage of such monthly benefits, pensions and
payments as the income from the invested funds and the moneys received in
accordance with Section 22-215 of this Division, shall be sufficient to
provide. Nothing in this Section shall be held to require an increase in
any benefit, pension or payment provided for in this Division.

(Source: Laws 1963, p. 161.)

40 ILCS 5/22-224

(40 ILCS 5/22-224) (from Ch. 108 1/2, par. 22-224)

Sec. 22-224.

To keep records.

To keep full and complete records of all its meetings and proceedings.

(Source: Laws 1963, p. 161.)

40 ILCS 5/22-225

(40 ILCS 5/22-225) (from Ch. 108 1/2, par. 22-225)

Sec. 22-225.

To make rules.

To make all necessary rules and regulations for the discharge of its
duties.

(Source: Laws 1963, p. 161.)

40 ILCS 5/22-226

(40 ILCS 5/22-226) (from Ch. 108 1/2, par. 22-226)

Sec. 22-226.

Deposit of moneys and property.

All moneys, securities and other property belonging to the fund shall be
deposited in such depository as the Board of Trustees shall order, and
shall be at all times subject to the control of such board.

(Source: Laws 1963, p. 161.)