Bill Amendment: IL HB4803 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: LOCAL GOVT TRANSPARENCY ACT
Status: 2019-01-08 - Session Sine Die [HB4803 Detail]
Download: Illinois-2017-HB4803-House_Amendment_001.html
Bill Title: LOCAL GOVT TRANSPARENCY ACT
Status: 2019-01-08 - Session Sine Die [HB4803 Detail]
Download: Illinois-2017-HB4803-House_Amendment_001.html
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| 1 | AMENDMENT TO HOUSE BILL 4803
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| 2 | AMENDMENT NO. ______. Amend House Bill 4803 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 5. The General Not For Profit Corporation Act of | ||||||
| 5 | 1986 is amended by changing Section 108.50 as follows:
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| 6 | (805 ILCS 105/108.50) (from Ch. 32, par. 108.50)
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| 7 | Sec. 108.50. Officers. (a) A corporation shall have
such | ||||||
| 8 | officers as shall be provided in the bylaws. Officers
and | ||||||
| 9 | assistant officers and agents as may be deemed necessary
may be | ||||||
| 10 | elected or appointed by the board of directors or
chosen in | ||||||
| 11 | such other manner as may be prescribed by the bylaws.
If the | ||||||
| 12 | bylaws so provide, any two or more offices
may be held by the | ||||||
| 13 | same person. One officer, in this Act
generally referred to as | ||||||
| 14 | the secretary, shall have the
authority to certify the bylaws, | ||||||
| 15 | resolutions of the members
and board of directors and | ||||||
| 16 | committees thereof, and other
documents of the corporation as | ||||||
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| 1 | true and correct copies
thereof.
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| 2 | (b) All officers and agents of the corporation, as between
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| 3 | themselves and the corporation, shall have such express
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| 4 | authority and perform such duties in the management of the
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| 5 | property and affairs of the corporation as may be provided
in | ||||||
| 6 | the bylaws, or as may be determined by resolution of the
board | ||||||
| 7 | of directors not inconsistent with the bylaws and
such implied | ||||||
| 8 | authority as recognized by the common law from
time to time. | ||||||
| 9 | (b-1) An individual may not simultaneously serve as the | ||||||
| 10 | treasurer of a corporation and as an officer or chief executive | ||||||
| 11 | of a political subdivision if the individual has the authority | ||||||
| 12 | to unilaterally authorize transactions between both the | ||||||
| 13 | corporation and the political subdivision.
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| 14 | (c) The articles of incorporation or the bylaws may
provide | ||||||
| 15 | that any one or more officers of the corporation or
any other | ||||||
| 16 | person holding a particular office outside the
corporation | ||||||
| 17 | shall be a director or directors while he or she
holds that | ||||||
| 18 | office. Unless the articles of incorporation or
the bylaws | ||||||
| 19 | provide otherwise, such director or directors
shall have the | ||||||
| 20 | same rights, duties and responsibilities as
other directors.
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| 21 | (Source: P.A. 84-1423.)
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| 22 | Section 99. Effective date. This Act takes effect upon | ||||||
| 23 | becoming law.".
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