SB3144 EngrossedLRB101 18560 RPS 68014 b

1    AN ACT concerning public employee benefits.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Pension Code is amended by changing
5Section 17-140 as follows:
 
6    (40 ILCS 5/17-140)  (from Ch. 108 1/2, par. 17-140)
7    Sec. 17-140. Board officers. The president, recording
8secretary and other officers of the Board shall be elected by
9and from the members of the Board board at the first meeting of
10the Board after the election of trustees.
11    In case any officer whose signature appears upon any check
12or draft, issued pursuant to this Article, ceases (after
13attaching his signature) to hold his office, the before the
14delivery thereof to the payee, his signature nevertheless shall
15be valid and sufficient for all purposes with the same effect
16as if he had remained in office until delivery thereof.
17(Source: P.A. 90-566, eff. 1-2-98.)