There is hereby created a Board of Fire and Police Commissioners in accordance with the provisions of ILCS Ch. 65, Act 5, §§ 10-2.1 et seq. The members of the Board, before they enter upon the duties of their office, shall execute a bond to the city in the penal sum of $100 conditioned upon faithful performance of their duties as members of the Board. The Board of Commissioners shall make rules for appointments and removals in accordance with the provisions of the Illinois Revised Statutes.
(‘68 Code, § 2.34)