(220 ILCS 10/14) (from Ch. 111 2/3, par. 914)
Sec. 14.
Board officers.
(1) Election. The interim board of directors
and the board of directors, at the first regular meeting of each at which
a quorum is present, shall elect by a majority vote of the directors present
and voting a president, vice president, secretary and treasurer. The board
may elect such other officers as it deems necessary.
(2) Term of office. (a) Board officers shall begin serving immediately |
| upon their election and their term of office shall be one year. After his or her term of office has expired, a board officer shall continue to serve until his or her successor is elected and certified.
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(b) If a board office is vacant, the board shall
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| elect a successor to serve out the term of the office.
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(3) Powers and duties. Board officers shall exercise powers and perform
duties as prescribed by this Act or as delegated to them by the board.
(Source: P.A. 83-945.)
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