(40 ILCS 5/19-206) (from Ch. 108 1/2, par. 19-206)
Sec. 19-206.
Trustees of fund - Powers and duties.
The board of directors of such library shall, in the month of September,
immediately following the passage of "The 1905 Act", arrange for the
election of a board of trustees of said pension fund composed of 5 members,
to be chosen as hereinafter provided, which election shall be held not
later than October 31st of the same year. Said board of trustees shall have
power, and it shall be its duty to administer said fund and to carry out
the provisions of this Division, and for the purpose of enabling such board
of trustees to perform the duties imposed and exercise the powers created
by this Division, the board of trustees shall be and is hereby declared to
be a body politic and corporate.
(Source: Laws 1963, p. 161.)
|