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605 ILCS 10/5
(605 ILCS 10/5) (from Ch. 121, par. 100-5)
Sec. 5.
Of the original directors, other than the chairman, so appointed
by the Governor, 3 shall hold office for 2 years and 3 shall hold office
for 4 years, from the date of their appointment and until their
respective successors shall be duly appointed and qualified, but shall
be subject to removal by the Governor for incompetency, neglect of duty
or malfeasance. In case of vacancies in such offices during the recess
of the Senate, the Governor shall make a temporary appointment until the
next meeting of the Senate when he shall nominate some person to fill such
office and any person so nominated, who is confirmed by the Senate, shall
hold office during the remainder of the term and until his successor shall
be appointed and qualified. The respective term of the first directors
appointed shall be designated by the Governor at the time of appointment,
but their successors shall each be appointed for a term of four years,
except that any person appointed to fill a vacancy shall serve only for the
unexpired term. Directors shall be eligible for reappointment.
In making the initial appointments of the 2 additional directors provided
for by this amendatory Act of 1980, the respective terms of the 2 additional
directors first appointed shall be designated by the Governor at the time
of appointment in such manner that the term of one such additional director
shall expire at the same time as the terms of 4 of the other directors and
the term of the other additional director shall expire at the same time
as the terms of 3 of the other directors; thereafter the terms shall be
4 years. Of the initial directors, other than the chairman, appointed under the provisions of this amendatory Act of the 100th General Assembly, 4 shall serve terms running through March 1, 2021. The 4 remaining directors shall serve terms running through March 1, 2023. Thereafter the terms of all directors shall be
4 years. Directors shall serve until their respective successors are duly appointed and qualified. Directors shall be eligible for reappointment.
Each such director, other than ex officio members shall receive an
annual salary of $15,000, or as set by the Compensation Review Board,
whichever is greater, payable in monthly installments, and shall be
reimbursed for necessary expenses incurred in the performance of his
duties.
(Source: P.A. 100-1180, eff. 2-28-19.)
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