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Illinois Statutes Chapter 220. Utilities § 10/7. Duties of directors

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 7. Duties of directors. The board shall have the following duties:

(1) To establish the policy of the corporation regarding appearances before regulatory agencies, legislative bodies and other public authorities, and regarding other activities which the corporation has the authority to perform under this Act.

(2) To employ an executive director who shall have the following powers and duties, subject at all times to the direction and supervision of the board:

(a) To implement the policy established by the board under subsection (1).

(b) To employ and discharge employees of the corporation.

(c) To supervise the offices, facilities and work of the employees of the corporation.

(d) To have custody of and maintain the books, records and membership rolls of the corporation under this Act.

(e) To prepare and submit to the board annual and quarterly statements of the financial and substantive operations of the corporation, and financial estimates for the future operations of the corporation.

(f) To attend and participate in meetings of the board, but without a vote.

(g) To file annually with the board a current financial statement which includes the information required under subsection (3) of Section 12.

(h) To exercise such other powers and perform such other duties as the board delegates.

(3) To hold an annual meeting of the membership on a date and at a place within the State to be determined by the board under Section 8.

(4) To assure preparation of:

(a) Up-to-date membership rolls.

(b) Quarterly statements of the financial and substantive operations of the corporation.

(c) An audit of the corporation's books at least once each fiscal year. The audit shall be by a certified public accountant.

(d) An annual report of the corporation's financial and substantive operations. The corporation shall prepare the report at the close of the corporation's fiscal year and shall make the report available to each of its members, as well as to members of the news media who request it. It shall also make the report available to each library in the State that requests it, and to individuals upon request.

(5) To establish and make available to the public a written policy on the availability and distribution of all records required to be kept by the corporation under this Act.

(6) To prepare membership applications and distribute such applications in sufficient amounts or in machine copyable form to every library system, as defined in Section 2 of The Illinois Library System Act,  1 so as to allow such library systems to distribute the applications to all of the public libraries throughout the State, wherefrom utility consumers may obtain the applications to submit to the corporation, with annual dues, for membership.

(7) To prepare nominating petitions and distribute such petitions in sufficient amounts or in machine copyable form to every library system, as defined in Section 2 of The Illinois Library System Act, so as to allow such library systems to distribute the petitions to all of the public libraries throughout the State, wherefrom members of the corporation may obtain the petitions to circulate when running for nomination for a director.

(8) To provide all candidates for election to the board with a current list of members residing in the candidate's district upon certification of nomination pursuant to subsection (2) of Section 12 and within 5 days of a request by the candidate.

(9) To carry out all other duties and responsibilities imposed upon the corporation and the board under this Act.

1 75 ILCS 10/2.
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Cite this article: FindLaw.com - Illinois Statutes Chapter 220. Utilities § 10/7. Duties of directors - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-220-utilities/il-st-sect-220-10-7/

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