Illinois Statutes
§ 10-4-3
Illinois § 10-4-3
JurisdictionIllinois
TopicGOVERNMENT
Ch. 65MUNICIPALITIES
Act 65 ILCS 5/Illinois Municipal Code.
Art.Article 10 - Employees And Employment
This text of Illinois § 10-4-3 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
65 Ill. Comp. Stat. 10-4-3 (2026).
Text
The corporate authorities of any municipality may withhold and deduct from the compensation of each of its employees who consents thereto, a specified amount each pay period for the purchase of United States Savings Bonds for the benefit of such employee and in such denomination as may be stated. The account of each employee shall be kept separate. As often as the individual account of any such employee contains a credit sufficient to purchase a bond of the denomination stated, the withholding officer shall arrange for or make such purchase as directed by such employee, and shall deliver such bond to such employee. Whenever any employee is separated from municipal service, any sum to his credit in such withheld compensation funds shall be paid to him or to his estate on request.
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Legislative History
(Source: Laws 1961, p. 576.)
Nearby Sections
15
§ 10
§ 10§ 10-1
§ 10-1§ 10-1-1
§ 10-1-1§ 10-1-10
§ 10-1-10§ 10-1-11
§ 10-1-11§ 10-1-12
Register; eligibility list§ 10-1-13
§ 10-1-13§ 10-1-14
§ 10-1-14§ 10-1-15
§ 10-1-15§ 10-1-16
Veteran's preference§ 10-1-17
§ 10-1-17§ 10-1-18
§ 10-1-18§ 10-1-18.1
§ 10-1-18.1§ 10-1-18.2
Home rule preemptionCite This Page — Counsel Stack
Bluebook (online)
Illinois § 10-4-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/10-4-3.