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| [ Introduced ] | [ Senate Amendment 001 ] |
92_HB1495eng HB1495 Engrossed 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 ashereinafterprovided 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.)