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55 ILCS 5/3-11011
(55 ILCS 5/3-11011) (from Ch. 34, par. 3-11011)
Sec. 3-11011. Designation of active depository. Of the banks, savings and loan associations, savings banks, or credit unions which may have been so designated as
depositories, one shall be designated from time to time by the county
treasurer as the active bank, depository, savings and loan association, savings bank, or credit union
for a period of not more than one month at a time. The county board shall
have power, if it sees fit, to require that no bank, savings and loan
association, savings bank, or credit union whose aggregate capital stock and surplus is less than a
certain specified amount shall be named as the active bank, savings and
loan association, savings bank, or credit union. During such period the county treasurer shall draw all of
his checks to pay warrants and other demands drawn upon him upon such
active bank, savings and loan association, savings bank, or credit union: Provided, however, that the
county treasurer shall have power to withdraw county moneys from any
depository for the purposes stated in Section 3-11010: And, provided,
further, that during such period drafts and checks against deposit of funds
designated by Section 3-11003 hereof as "Class A" funds and "Class B" funds
may be drawn upon other than the active bank, savings and loan association, savings bank, or credit union.
(Source: P.A. 97-129, eff. 7-14-11.)
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