Illinois Code § 65 ILCS 5/11-29.1-4

The directors shall meet in July, annually, and elect one
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of their number as president and one as secretary, and shall elect such
other officers as they deem necessary. They shall adopt such rules for the
administration of this Division 29.1 as may be proper and expedient. They
shall report to the mayor or president, from time to time, a detailed
statement of their administration.

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