(215 ILCS 150/5) (from Ch. 148, par. 205)
Sec. 5.
The trust fund is authorized to indemnify:
(1) the beneficiaries
thereof against the risk of loss due to damage, destruction or loss to
property or imposition of legal liability; or (2) employees or
full-time students of the beneficiaries against the risk of loss due to
accident, sickness, or disablement. The trustees may determine and
establish contributions
to the trust fund required to fund the operations and carry out the
purposes of the trust fund and may enter into contracts in order to
carry out the purposes for which the trust fund was established,
provided however, that any such contracts shall not provide for
compensation or payments in excess of that which is reasonable in
relation to the services actually performed thereunder.
(Source: P.A. 84-989.)
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