(805 ILCS 320/7) (from Ch. 21, par. 41)

Sec. 7. The treasurer of said Cemetery Association shall from time to time loan any money which said association may have and which is not needed for the immediate use of said association, taking proper security therefor, and which said loan and the security for the same shall, before the same becomes effective, be approved by said Board of Trustees of said Cemetery Association.

(Source: Laws 1903, p. 90.)