65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/11-48.3-12

(65 ILCS 5/11-48.3-12) (from Ch. 24, par. 11-48.3-12)

Sec. 11-48.3-12.

Under no circumstances shall any bonds
issued by the Authority be or become an indebtedness or
obligation of the State of Illinois or of any other political
subdivision of or municipality within the State, nor shall any
such bond or obligation be or become an indebtedness of the
Authority within the purview of any constitutional limitation
or provision, and it shall be plainly stated on the face of
each bond that it does not constitute such an indebtedness or
obligation but is payable solely from the revenues or income
as aforesaid.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-13

(65 ILCS 5/11-48.3-13) (from Ch. 24, par. 11-48.3-13)

Sec. 11-48.3-13.

The State and all counties, cities, villages,
incorporated towns and other municipal corporations, political subdivisions
and public bodies, and public officers of any thereof, all banks, bankers,
trust companies, savings banks and institutions, building and loan
associations, savings and loan associations, investment companies and other
persons carrying on an insurance business and all executors,
administrators, guardians, trustees and other fiduciaries may legally
invest any sinking funds, moneys or other funds belonging to them or within
their control in any bonds issued pursuant to this Division, it being the
purpose of this Section to authorize the investment in such bonds of all
sinking, insurance, retirement, compensation, pension and trust funds,
whether owned or controlled by private or public persons or officers;
provided, however, that nothing  contained in this Section may be construed
as relieving any person from any duty of exercising reasonable care in
selecting securities for investment.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-14

(65 ILCS 5/11-48.3-14) (from Ch. 24, par. 11-48.3-14)

Sec. 11-48.3-14.

The governing and administrative body of the
Authority shall be a Board consisting of 9 members and shall be known as
the Municipal Zoo Authority Board. The members of the Board shall be
individuals of generally recognized ability and integrity. They shall serve
without compensation, but shall be reimbursed for actual expenses incurred
by them in the performance of their duties.  Any member of the Board,
however, who is appointed to the office of secretary or treasurer may
receive compensation for his or her services as such officer. No member of
the Board or employee of the Authority shall have any private financial
interest, profit or benefit in any contract, work or business of the
Authority or in the sale or lease of any property to or from the Authority.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-15

(65 ILCS 5/11-48.3-15) (from Ch. 24, par. 11-48.3-15)

Sec. 11-48.3-15.

Within 60 days after corporate authorities of a
single municipality qualified as an Authority under the provisions of
Section 11-48.3-3 of this Division shall adopt a resolution or ordinance
providing for an Authority, the mayor, with the advice and consent of the
corporate authorities, shall appoint 3 members of the Board for an initial
term expiring the second June first after appointment, 3 members of the
Board for an initial term expiring the third June first after appointment,
and 3 members of the Board for an initial term expiring the fifth June
first after appointment, and until their successors have been appointed and
qualified. At the expiration of the term of any member, the mayor with the
advice and consent of the corporate authorities, shall appoint his or her
successor in like manner for a term of 5 years from the first day of June
of the year in which they are appointed, except in case of an appointment
to fill a vacancy.

The Board of an Authority comprised of combinations of municipalities, as
provided in Section 11-48.3-3 of this Division, shall be appointed in the
following manner: memberships for the Board shall be apportioned among the
member municipalities, as nearly as possible, according to the proportion
each municipality's population as determined by the most recent federal
census bears to the total population of the metropolitan area as determined
by the most recent federal census. The initial terms of such appointees for
each such municipality shall then be determined by lot. Each such mayor,
with the advice and consent of his or her respective corporate authorities,
shall then appoint the members allotted to him or her in the manner
provided in this Section.

Within 30 days after certification of his or her appointment, and before
entering upon the duties of office, each member of the Board shall
take and subscribe the constitutional oath of office and file it in the
office of the Secretary of State.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-16

(65 ILCS 5/11-48.3-16) (from Ch. 24, par. 11-48.3-16)

Sec. 11-48.3-16.

Members of the Board shall hold office until their
respective successors have been appointed and qualified. Any member may
resign from office to take effect when his or her successor has been
appointed and has qualified. The appointing officer may remove any member
of the Board appointed by him or her, in case of incompetency, neglect of
duty, or malfeasance in office, after service on the member, by registered
United States mail, return receipt requested, of a copy of the written
charges against him or her and an opportunity to be publicly heard in
person or by counsel in his or her own defense upon not less than 10 days'
notice. In case of failure to qualify within the time required, or of
abandonment of office, or in case of death, conviction of a felony or
removal from office, a member's office shall become vacant. Each vacancy
shall be filled for the unexpired term by appointment in like manner, as in
case of expiration of the term of a member of the Board.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-17

(65 ILCS 5/11-48.3-17) (from Ch. 24, par. 11-48.3-17)

Sec. 11-48.3-17.

As soon as practicably possible after the appointment
of the initial members, the Board shall organize for the transaction of
business, select a chairperson and a temporary secretary from its own
number, and adopt by-laws and regulations to govern its proceedings. The
initial chairperson and his or her successors shall be elected by the Board
from time to time for the term of his or her office as a member of the
Board or for the term of 3 years, whichever is shorter.

(Source: P.A. 86-279.)

65 ILCS 5/11-48.3-18

(65 ILCS 5/11-48.3-18) (from Ch. 24, par. 11-48.3-18)

Sec. 11-48.3-18.

Regular meetings of the Board shall be held at least
once in each calendar month, the time and place of such meetings to be
fixed by the Board. Five members of the Board shall constitute a quorum for
the transaction of business. All action of the Board shall be by ordinance
or resolution and the affirmative vote of at least 5 members shall be
necessary for the adoption of any ordinance or resolution. All such
ordinances and resolutions before taking effect shall be approved by the
chairperson of the Board, and if the chairperson shall approve thereof he
or she shall sign the same, and such as the chairperson shall not approve
he or she shall return to the Board with his or her objections thereto in
writing at the next regular meeting of the Board occurring after the
passage thereof. But in case the chairperson shall fail to return any
ordinance or resolution with his or her objections thereto by the time
aforesaid, the chairperson shall be deemed to have approved the same and it
shall take effect accordingly. Upon the return of any ordinance or
resolution by the chairperson with his or her objections, the vote by
which the same was passed shall be reconsidered by the Board, and if
upon such reconsideration said ordinance or resolution is passed by the
affirmative vote of at least 6 members, it shall go into effect
notwithstanding the veto of the chairperson.  All ordinances, resolutions
and all proceedings of the Authority and all documents and records in
its possession shall be public records and open to public inspection,
except such documents and records as shall be kept or prepared by the
Board for use in negotiations, actions or proceedings to which the
Authority is a party.

(Source: P.A. 86-279.)