2-160. Treasurer; deposit and disbursement of association funds; annual report thereof.
2-160
2-160. Treasurer; deposit and disbursement of association funds; annual
report thereof.
All moneys received by the treasurer for the fair association
shall be deposited by the treasurer in a bank designated
by the executive board and authorized to receive public deposits. The
treasurer shall pay out, on the warrant of the secretary, or by a
combination warrant check, signed by the chairperson, all moneys which
shall come to the treasurer's hands for the use of the fair association, and
the treasurer shall not pay any sum from the funds of the association in
any other manner. The treasurer shall keep a record of all the moneys
received and disbursed, specifying the person or persons from whom received
and to whom paid, and the object for which the same has been paid out. The
treasurer shall present to the board of directors at each annual meeting of
the board a written report containing a statement of all moneys received,
disbursed and on deposit.
History: L. 1987, ch. 92, § 3; L. 1989, ch. 48, § 8; July 1.