(70 ILCS 2605/4.1a)
(from Ch. 42, par. 323.1a)
The person appointed as treasurer for the district pursuant to Section 4
of this Act must devote his full time to performance of the duties of that
office and may hold no other position in public or private employment. The
treasurer may have no financial interest, direct or indirect, in any
financial institution designated as a depository for district funds.
The treasurer shall invest and reinvest
money in the treasury of the district which is not needed for expenditures
to be made within 30 days of the investment, in obligations authorized
under Section 2 of "An Act relating to certain investments of public funds
by public agencies", approved July 23, 1943, as now or hereafter amended.
Any such securities may be purchased at the offering or market
price thereof at the time of such purchase.
(Source: P.A. 79-1454.)