Illinois Statutes
§ 10-4-3
Illinois·Topic GOVERNMENT·Ch. 65 MUNICIPALITIES·Act 65 ILCS 5/ Illinois Municipal Code.·Art. Division 4 - General Corporate Powers Respecting Employment
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 10-4-3 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 preemption