12-2821. Funds of authority; deposits and expenditures.
12-2821
12-2821. Funds of authority; deposits and expenditures.
All funds deposited by the treasurer in any bank shall be placed in the
name of the authority and shall be withdrawn or paid out only by check or
draft upon the bank, signed by the treasurer and countersigned by the
chairman of the board, except that the board may designate any of its
members or any officer or employee of the authority to affix the facsimile
signature of the chairman and another to affix the facsimile signature of
the treasurer to any check or draft.
History: L. 1955, ch. 118, § 21; L. 1974, ch. 66,
§ 1; July 1.