(60 ILCS 1/130-15)
Sec. 130-15.
Treasurer of board of managers.
The treasurer of the board of
managers shall have the custody of all money and property received in trust by
the board of managers and shall pay out that money or property only upon the
written order of the board, signed by at least 2 of the board members. The
treasurer shall keep permanent books of record of all trust funds, all receipts
and disbursements of trust funds, and the purposes of all receipts and
disbursements. The treasurer shall annually make a report in writing to the
board of managers, under oath, showing balances, receipts, and disbursements
and including a statement showing the amount and principal of trust funds on
hand and how invested. The report shall be audited by the board and, if found
correct, shall be transmitted to the township collector at the same time that
the treasurer of a village is required by law to make his or her report, to be
approved and preserved in the same manner if found to be correct.
(Source: P.A. 84-549; 88-62.)
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