Full Text of SB0961 97th General Assembly
SB0961 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 SB0961 Introduced 2/8/2011, by Sen. John J. Cullerton SYNOPSIS AS INTRODUCED: | | 605 ILCS 10/7 | from Ch. 121, par. 100-7 |
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Amends the Toll Highway Act. Makes a technical change in a Section regarding
the filing of bonds by the board of directors.
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| | A BILL FOR |
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| | | SB0961 | | LRB097 04680 HEP 44719 b |
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| 1 | | AN ACT concerning transportation.
| 2 | | Be it enacted by the People of the State of Illinois, | 3 | | represented in the General Assembly:
| 4 | | Section 5. The Toll Highway Act is amended by changing | 5 | | Section 7 as follows:
| 6 | | (605 ILCS 10/7) (from Ch. 121, par. 100-7)
| 7 | | Sec. 7.
The
The chairman of the Board of Directors shall | 8 | | execute and file as
hereinafter provided, a bond in the penal | 9 | | sum of $100,000. Each other
director, other than the ex officio | 10 | | directors shall qualify by executing
and filing, as hereinafter | 11 | | provided, a bond in the penal sum of $25,000,
and the | 12 | | secretary, if not a member of the Authority, shall execute and
| 13 | | file, as hereinafter provided, a bond in the penal sum of | 14 | | $15,000. All such
bonds shall be payable to the People of the | 15 | | State of Illinois, and be
conditioned upon the faithful | 16 | | performance of the duties imposed upon such
chairman, directors | 17 | | or secretary under this Act. Said bonds shall be
subject to the | 18 | | approval of the Governor and of the Attorney General of the
| 19 | | State of Illinois, and shall, when executed and so approved, be | 20 | | filed in
the office of the Secretary of State. The said bonds | 21 | | herein required to be
furnished shall be with a surety company, | 22 | | or companies, authorized to do
business in this State under the | 23 | | laws thereof, and the cost of any official
bonds required to be |
| | | SB0961 | - 2 - | LRB097 04680 HEP 44719 b |
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| 1 | | furnished hereunder shall be paid out of any fund
subject to | 2 | | expenditure by the Authority. | 3 | | The chairman, directors and secretary of the Authority | 4 | | shall be eligible
to participate in all pensions, accident, | 5 | | health and benefit plans
established by the Authority for its | 6 | | employees in the same manner and form
as all other employees.
| 7 | | (Source: Laws 1967, p. 2748.)
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