(70 ILCS 1905/10) (from Ch. 114, par. 370)
Sec. 10.
Records and accounts.
A Railroad Terminal Authority shall provide
for the proper
safekeeping of its records and shall keep a minute book for the
recording of the corporate action of the Board. A complete record of the
meetings and proceedings of the Board shall be kept in such minute book
and such minutes shall be signed by the Secretary of the Railroad
Terminal Authority or, in his absence, by such other officer as may be
designated by the Board. The Authority shall keep a true and accurate
account of its receipts and disbursements and an annual audit shall be
made of its books, records and accounts. All officers and employees
authorized to receive or retain the custody of money or to sign
vouchers, checks, warrants, or evidences of indebtedness on behalf of
the Authority, shall furnish surety bond for the faithful performance of
their duties and the faithful accounting of all moneys that may come
into their hands, in an amount to be fixed and in a form to be approved
by the Board of Commissioners.
(Source: Laws 1957, p. 786.)
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