Sen. John M. Sullivan

Filed: 3/26/2012

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 550

2    AMENDMENT NO. ______. Amend Senate Bill 550 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Mid-America Intermodal Authority Port
5District Act is amended by changing Sections 100 and 125 as
6follows:
 
7    (70 ILCS 1832/100)
8    Sec. 100. Mid-America Intermodal Authority Port District
9Board; compensation. The governing and administrative body of
10the district shall be a board consisting of 7 members, to be
11known as the Mid-America Intermodal Authority Port District
12Board. Members of the Board shall be residents of a county
13whose territory, in whole or in part, is embraced by the
14district and persons of recognized business ability. The
15members of the Board shall receive compensation for their
16services, set by the Board at an amount not to exceed $20,000

 

 

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1annually, except the chairperson may receive an additional
2$5,000 annually, if approved by the Board. All compensation
3shall be paid directly from the district's operating funds. The
4members shall receive no other compensation, other than as
5provided for in this Section whatever, whether in the form of
6salary, per diem allowance, or otherwise, for or in connection
7with their service as members. Each member shall be reimbursed
8for actual expenses incurred by him or her in the performance
9of the member's duties. All reimbursements shall be paid
10directly from the district's operating funds. Any person who is
11appointed to the office of secretary or treasurer of the Board
12may receive compensation for services as an officer, as
13determined by the Board, provided that the person is not a
14member of the Board. No member of the Board or employee of the
15district shall have any private financial interest, profit, or
16benefit in any contract, work, or business of the district or
17in the sale or lease of any property to or from the district.
18(Source: P.A. 90-636, eff. 7-24-98.)
 
19    (70 ILCS 1832/125)
20    Sec. 125. Secretary and treasurer; oath and bond. The Board
21shall appoint a secretary and a treasurer who need not be
22members of the Board to hold office during the pleasure of the
23Board. The Board shall fix their duties and compensation.
24Before entering upon the duties of their respective offices,
25they shall take and subscribe the constitutional oath of office

 

 

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1and the treasurer shall execute a bond with corporate sureties
2to be approved by the Board. The bond shall be payable to the
3district in whatever penal sum may be directed by the Board
4conditioned upon the faithful performance of the duties to the
5office and the payment of all money received by him or her
6according to law and the orders of the Board. The Board may, at
7any time, require a new bond from the treasurer in any penal
8sum that may be determined by the Board. The obligation of the
9sureties shall not extend to any loss sustained by the
10insolvency, failure, or closing of any savings and loan
11association or national or State bank wherein the treasurer has
12deposited funds if the bank or savings and loan association has
13been approved by the Board as a depositary for those funds. The
14oaths of office and the treasurer's bond shall be filed in the
15principal office of the district.
16(Source: P.A. 90-636, eff. 7-24-98.)
 
17    Section 99. Effective date. This Act takes effect upon
18becoming law.".