Chapter 37 – Industrial Commission

CHAPTER 37

INDUSTRIAL FUND AND INDUSTRIAL COMMISSION

37-1-1 ESTABLISHMENT OF FUND . There is hereby created a fund to be known as the “Industrial Fund” which shall be used for the purposes of carrying out and financing the powers conferred upon the Village by the aforesaid statute and for no other purposes. Said fund shall consist of such sums of money as may be authorized by statute and also such other sums of money as the Board of Trustees may hereafter transfer from the General Corporate Fund of the Village for the acquisition, purchase, construction, reconstruction, improvement, betterment and extension, or financing thereof, of industrial projects and the acquisition of land for industrial purposes, or the financing thereof, and all rentals, interest, income and dividends from the sale, lease or conveyance of any properties acquired thereby and such other sums as may by law be provided for the acquisition, purchase, construction, reconstruction, improvement, betterment and extension, or financing thereof, of industrial projects and the acquisition of land for industrial purposes, or the financing thereof.

37-1-2 ESTABLISHMENT OF COMMISSION . That from and after the effective date of Ordinance #317A (i.e. April 6, 1984) all of the powers conferred upon the Village of Louisville by the aforesaid statute and the fund hereby created shall be administered by an Industrial Commission, which shall be designated as the “Louisville Industrial Commission”, upon the approval of the Board of Trustees.

37-1-3 COMPOSITION OF COMMISSION . The Industrial Commission shall consist of five members, one of whom shall be the President of the Board of Trustees of the Village of Louisville, who shall serve as a member thereof during his term of office as President of the Board of Trustees. All appointments to the Industrial Commission shall be made by the President of the Board of Trustees of the Village of Louisville, with the advice and consent of the Board of Trustees. The terms of the other four members of the Industrial Commission shall be for an initial two year term for two of’said members and the remaining two members shall be for a term of four years. The President of the Board of Trustees is to determine and designate which members are to be appointed for the two year term and for the four year term, and thereafter their successors to be appointed for four year term, each member to serve until his successor is appointed and shall have qualified by the acceptance of his appointment. Terms of office shall coincide with the beginning of the fiscal year noted hereafter. In the event of a vacancy occurring upon said Commission, the vacancy shall be filled for an unexpired term by the President of the Board of Trustees with the advice and consent of the Board of Trustees. The majority of the Commission shall constitute a quorum and the Commission shall adopt rules and bylaws governing the time and place of its meetings and the conduct thereof. The fiscal year of said Commission shall begin on May 1 of each year and shall end on April 30 of each following year.

37-1-4 QUALIFICATIONS . A Commission member shall either be a resident of the Village of Louisville or reside within an area of six miles from the corporate limits of the Village of Louisville, Illinois. No member of the Commission shall be entitled to any compensation for services rendered as a member of the Commission, but said members shall be entitled to reimbursement for expenses made on behalf of the Village of Louisville or expenses incurred in the discharge of their duties as members of said Commission.

37-1-5 ORGANIZATION . The Commission shall organize by the election of one of its members as Chairman, one as Vice-chairman and one as Secretary at the first meeting of the Commission, and annually thereafter. The Treasurer of said fund shall be the Treasurer of the Village of Louisville. The Chairman or any two members of the Commission may call special meetings of the Commission. Provision shall be made in the bylaws for holding regular meetings not less than once a month, of which special notice need not be given. The Commission shall cause all accounts, records and books concerning the management, operation and disbursement of the Industrial Fund to be audited by a certified public accountant annually, the audit to be made at the end of each fiscal year of the Village of Louisville.

37-1-6 AUTHORITY . The Commission shall have full and complete supervision, management and disbursement of the Industrial Fund and the property acquired thereby, subject, however, to approval thereof by the Board of Trustees.

37-1-7 PROJECT RECOMMENDATION . All contracts for, or acquisition, purchase construction, reconstruction, improvement, betterment, or extension, or financing thereof, of any industrial project or lands acquired for industrial purposes, or the lease, rental, sale or conveyance of such building or lands acquired for industrial purposes by the Village, shall be only upon recommendation of the Commission, which shall consider and submit the same to the Board of Trustees for its approval, and the Board of Trustees shall authorize such contract for, or acquisition, purchase, construction, reconstruction, improvement, betterment, extension, lease, rental, sale or conveyance, or any financing thereof, by the Commission according to law. All proceeds or rentals from the sale, lease, rental or conveyance of industrial projects or lands acquired for industrial purposes of the Village shall be collected and accounted for by the Commission and shall be paid into the Industrial Fund, there to be used in accordance with the terms of this Chapter.

37-1-8 USE OF ATTORNEY AND CLERK. The Board of Trustees shall make available to said Commission the duly appointed Village Attorney for the Village of Louisville, Illinois. The Clerk of the Village of Louisville, Illinois, shall keep and maintain the records of said Commission in addition to his or her duties as Village Clerk of the Village of Louisville, Illinois.

37-1-9 CHANGE OF COMMISSION BOARD MEMBERSHIP. The Village recognizes that at times it is difficult to maintain adequate membership in the Commission. Consequently, if at any time the number of active members of the Commission is fewer than four members, including the Mayor, then the Mayor may discharge all the current members of the Commission with the advice and consent of the Board of Trustees of the Village of Louisville. In that event, the Mayor and Board of Trustees of the Village of Louisville shall assume all duties and responsibilities of the Industrial Commission. The Mayor may re-institute and appoint new members to the Industrial Commission if he has an adequate number of persons who are willing and able to serve as members of the same, but only with the advice and consent of the Board of Trustees of the Village of Louisville. As of May 10, 2007, it shall be deemed that there are no properly appointed members to Industrial Commission and that the Board of Trustees has assumed all duties and responsibilities of said Board.

(Ord. #594, 5/10/2007)

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