(20 ILCS 3931/25)
Sec. 25. Operation of the board.
(a) Upon appointment of the board's initial members, the Director of Agriculture shall convene the first meeting of the board for the purpose of selecting a chairperson and considering other matters of business of the Institute. The board annually thereafter, in January or the first meeting of each year, must select a chairperson from among its number. A chairperson may be re-elected but may not serve more than 3 consecutive years. The board meets at the call of the chair. A quorum is necessary for action by the board; 8 voting members of the board constitute a quorum, unless a vacancy exists among the board's voting members. If a vacancy exists, then a quorum of the board consists of a simple majority of the voting members. Members of the board may receive no compensation but must be reimbursed for expenses incurred in the actual performance of their duties.
(b) The board:
(1) may have and use a common seal and alter the seal
at its discretion;
(2) may adopt all necessary resolutions, protocols,
and by-laws;
(3) may enter into agreements with State agencies;
(4) may enter into agreements with and accept funds
from federal agencies, trade associations, industry organizations, universities and their sub-units, foundations, and other not-for-profit and private industries to carry out the purposes of the Institute;
(5) may establish reserve funds and accounts that may
be necessary or desirable to accomplish the purposes of the Institute; and
(6) has and may exercise all powers and is subject to
all duties commonly incident to boards of directors.
(Source: P.A. 93-883, eff. 8-6-04.)
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Last modified: February 18, 2015