(65 ILCS 5/8-7-1) (from Ch. 24, par. 8-7-1)
Sec. 8-7-1.
In each municipality with less than 500,000 inhabitants, a fund
to be known as a working cash fund may be created, set apart, maintained,
and administered in the manner prescribed in this Division 7 for the
purpose of enabling the municipality to have in its treasury at all times
sufficient money to meet demands thereon for ordinary and necessary
expenditures for all general and special corporate purposes.
(Source: Laws 1961, p. 576.)
|