Illinois Code § 55 ILCS 65/2

It shall be the duty of such trustees, as soon as may be,
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after their appointment, to hold a meeting and organize, by appointing
one of their number president, and another one of their number clerk,
whose duty it shall be to keep a record of all their official acts in a
book to be provided for that purpose, and the trustees shall also
appoint a treasurer, who may or may not be one of their number, who,
before entering upon the duties of his office, shall give bond, with
security, payable to the people of the State of Illinois, for the use
and benefit of the county in which the grounds are situated, in such sum
as the appointing authority may require for his approval for the
safe care and management of all the moneys which may come into his
possession as such treasurer.

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