Illinois General Assembly - Illinois Compiled Statutes

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65 ILCS 5/3.1-35-40

(65 ILCS 5/3.1-35-40) (from Ch. 24, par. 3.1-35-40)

Sec. 3.1-35-40.

Treasurer; duties.

(a) The municipal treasurer shall
receive all money belonging to
the municipality and shall keep the treasurer's books and accounts in the
manner
prescribed by ordinance. These books and accounts shall always be subject
to the inspection of any member of the corporate authorities.
The municipality may, however, by ordinance designate a person or
institution which, as bond trustee, shall receive from the county collector
amounts payable to the municipality as taxes levied pursuant to a bond
issuance.

(b) The treasurer shall keep a separate account of each fund or
appropriation and the
debits and credits belonging to the fund or appropriation.

(c) The treasurer shall give every person paying money into the treasury a
receipt, specifying the date of payment and upon what account paid. The
treasurer
shall file copies of these receipts with the clerk, with the treasurer's
monthly
reports. If the treasurer has possession of money properly appropriated to the
payment of any warrant lawfully drawn upon the treasurer, the treasurer
shall pay the money
specified in the warrant to the person designated by the warrant.

(Source: P.A. 87-1119.)