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90_SB0256eng
70 ILCS 2105/4b from Ch. 42, par. 386b
Amends the River Conservancy Districts Act to require the
bond entered into by each of the trustees to be held in a
bank or trust company, qualified to do business in Illinois,
located in the district. Deletes a provision allowing a
number of trustees smaller than a quorum to adjourn from day
to day.
LRB9000885MWcd
SB256 Engrossed LRB9000885MWcd
1 AN ACT to amend the River Conservancy Districts Act by
2 changing Section 4b.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The River Conservancy Districts Act is
6 amended by changing Section 4b as follows:
7 (70 ILCS 2105/4b) (from Ch. 42, par. 386b)
8 Sec. 4b. Each of the trustees shall enter into bond with
9 security to be approved by the appointing authority in such
10 sum as the appointing authority may determine. The bond
11 shall be held in a bank or trust company, qualified to do
12 business in the State of Illinois, located in the district.
13 A majority of the board of trustees shall constitute a
14 quorum, but a smaller number may adjourn from day to day. No
15 trustee or employee of such district shall be directly or
16 indirectly interested financially in any contract work or
17 business or the sale of any article, the expense, price or
18 consideration of which is paid by said district; nor in the
19 purchase of any real estate or other property belonging to
20 the district, or which shall be sold for taxes or assessments
21 or by virtue of legal process at the suit of said district:
22 Provided that nothing herein shall be construed as
23 prohibiting the appointment or selection of any person as
24 trustee or employee whose only interest in said district is
25 as an owner of real estate in said conservancy district or of
26 contributing to the payment of taxes levied by said district.
27 (Source: P.A. 77-681.)