(40 ILCS 5/22-227) (from Ch. 108 1/2, par. 22-227)
Sec. 22-227.
Treasurer.
The treasurer of the Board of Trustees shall keep books and accounts
concerning the fund in the manner prescribed by the Board of Trustees. The
books and accounts shall always be subject to the inspection of the Board
of Trustees or any member thereof.
The treasurer and assistant treasurer, if one be elected, shall each,
within 10 days after his election or appointment, execute a bond to the
Board of Underwriters, with good and sufficient security, in such penal sum
as the Board of Trustees shall direct, to be approved by the Board of
Trustees, conditioned for the faithful performance of the duties of his
office and that he will safely keep, hold and truly account for all moneys
and property which may come into his hands as such treasurer or assistant
treasurer, and that upon the expiration of his term he will surrender and
turn over to his successor all unexpended moneys and all property which may
have come into his hands as treasurer or assistant treasurer of such funds.
Such bonds shall be filed in the office of the Board of Underwriters. In
case of a breach of the same or of the conditions thereof suit may be
brought on the same in the name of such Board of Underwriters for the use
of such Board or of any person or persons injured by such breach.
(Source: Laws 1963, p. 161.)
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