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(615 ILCS 90/6) (from Ch. 19, par. 1206) (Text of Section before amendment by P.A. 103-926) Sec. 6. The Board shall meet as soon as practicable after the directors
assume the duties of office and shall meet at least 6 times annually or
more often at the discretion of the Chairman or upon the request of 2/3
of the directors.
The Board shall select from its membership a Secretary and a Treasurer.
The Treasurer shall be custodian of all Agency funds and shall be bonded
in such amount as the other members designate.
The Chairman shall have the power to vote only in the event of a tie, but
shall fully participate as a director in all other respects. Directors
and the Chairman may be compensated at the discretion of the Board in the sum
of up to $3,000 per year for each director and up to $5,000 per year for the
chairman, effective immediately upon approval of the Board. The Board members
shall also be reimbursed
for ordinary and necessary expenses incurred in performing their duties under
this Act.
The Board shall appoint a person to serve as executive director, who shall
act
as the
chief administrative officer of the Agency and oversee and administer the daily
function and staff of the Agency, in accordance with Board policy. The
executive director shall be a person of recognized ability in business or waterway management.(Source: P.A. 97-943, eff. 1-1-13.) (Text of Section after amendment by P.A. 103-926) Sec. 6. The Board shall meet as soon as practicable after the directors assume the duties of office and shall meet at least 6 times annually or more often at the discretion of the Chairman or upon the request of 2/3 of the directors. The Board shall select from its membership a Secretary and a Treasurer. The Treasurer shall be custodian of all Agency funds and shall be bonded in such amount as the other members designate. The Chairman shall have the power to vote only in the event of a tie, but shall fully participate as a director in all other respects. Directors and the Chairman may be compensated at the discretion of the Board in the sum of up to $6,000 per year for each director and up to $10,000 per year for the chairman, effective immediately upon approval of the Board. At the Board's discretion, the Board may adjust the compensation amounts for inflation as determined by the Consumer Price Index for All Urban Consumers for all items published by the United States Department of Labor and rounded to the nearest $100. The Board members shall also be reimbursed for ordinary and necessary expenses incurred in performing their duties under this Act. The Board shall appoint a person to serve as executive director, who shall act as the chief administrative officer of the Agency and oversee and administer the daily function and staff of the Agency, in accordance with Board policy. The executive director shall be a person of recognized ability in business or waterway management.(Source: P.A. 103-926, eff. 1-1-25.) |
