(70 ILCS 605/6-14) (from Ch. 42, par. 6-14)
Sec. 6-14.
Depository for district funds.
Upon request by the treasurer, the commissioners shall designate one or
more banks or savings and loan associations as the depository for funds
received by the treasurer by virtue of
his office. Within 10 days after such designation, the treasurer shall
transfer all funds of the district to such depository or depositories and
he shall thereafter be discharged of all responsibility for such funds
while they are on deposit therein.
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. 83-541.)
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