(70 ILCS 5/11) (from Ch. 15 1/2, par. 68.11)
Sec. 11.
Records of authority and officers' bonds.
The Board shall provide for the proper and safe keeping of its permanent
records and for the recording of the corporate action of the Authority. It
shall keep a true and accurate account of its receipts and an annual audit
shall be made of its books, records and accounts. All officers and
employees authorized to receive or retain the custody of money or to sign
vouchers, checks, warrants or evidences of indebtedness binding upon the
Authority shall furnish surety bond for the faithful performance of their
duties and the faithful accounting for all moneys that may come into their
hands in an amount to be fixed and in a form to be approved by the Board.
(Source: Laws 1945, p. 290.)
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