70 ILCS 1860/21: 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by the treasurer in any bank or savings and loan association shall be placed in the name of the District and shall be withdrawn or paid out by check or draft upon the bank or savings and loan association, signed by the treasurer and countersigned by the chairman of the Board, or by Automated Clearing House transaction or other electronic means. Subject to prior approval of such designations by a majority of the Board, the chairman may designate any other Board member or any officer of the District to affix the signature of the chairman and the treasurer may designate any other officer of the District to affix the signature of the treasurer to any check or draft for payment of salaries or wages and for payment of any other obligation.

Browse this collection