(70 ILCS 1865/21) (from Ch. 19, par. 199)
Sec. 21.
All funds deposited by the treasurer in any bank or savings
and loan association shall be placed in the name of the District and shall
be withdrawn or paid out only by check or draft upon the bank or savings
and loan association, signed by the general manager (executive director) of
the District if not more than $5,000 or by any 2 of the following persons
if $5,000 or more: the treasurer, the general manager (executive director)
of the District, and the chairman of the Board.
No bank or savings and loan association shall receive public funds as
permitted by this Section, unless it has complied with the requirements
established pursuant to Section 6 of "An Act relating to certain investments
of public funds by public agencies", approved July 23, 1943, as now or
hereafter amended.
(Source: P.A. 86-1255.)
|