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| [ Engrossed ] | [ Senate Amendment 001 ] |
92_HB1495
LRB9202099DHpc
1 AN ACT concerning highways.
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 chairman of the Board of Directors shall
8 execute and file as hereinafter provided below, a bond in the
9 penal sum of $100,000. Each other director, other than the ex
10 officio directors shall qualify by executing and filing, as
11 hereinafter provided, a bond in the penal sum of $25,000, and
12 the secretary, if not a member of the Authority, shall
13 execute and file, as hereinafter provided, a bond in the
14 penal sum of $15,000. All such bonds shall be payable to the
15 People of the State of Illinois, and be conditioned upon the
16 faithful performance of the duties imposed upon such
17 chairman, directors or secretary under this Act. Said bonds
18 shall be subject to the approval of the Governor and of the
19 Attorney General of the State of Illinois, and shall, when
20 executed and so approved, be filed in the office of the
21 Secretary of State. The said bonds herein required to be
22 furnished shall be with a surety company, or companies,
23 authorized to do business in this State under the laws
24 thereof, and the cost of any official bonds required to be
25 furnished hereunder shall be paid out of any fund subject to
26 expenditure by the Authority.
27 The chairman, directors and secretary of the Authority
28 shall be eligible to participate in all pensions, accident,
29 health and benefit plans established by the Authority for its
30 employees in the same manner and form as all other employees.
31 (Source: Laws 1967, p. 2748.)