(70 ILCS 1815/39) (from Ch. 19, par. 839)
Sec. 39.
All funds deposited by the treasurer in any bank or savings and loan association
shall be placed in the
name of the Port District and shall be withdrawn or paid out only by check
or draft upon the bank or savings and loan association, signed by the
treasurer and countersigned by the
chairman of the Board. The Board may designate any of its members or any
officer or employee of the District to affix the signature of the chairman
and another 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
of not more than $2,500.
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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