2-160.   Treasurer; deposit and disbursement of association funds; annualreport thereof.All moneys received by the treasurer for the fair associationshall be deposited by the treasurer in a bank designatedby the executive board and authorized to receive public deposits. Thetreasurer shall pay out, on the warrant of the secretary, or by acombination warrant check, signed by the chairperson, all moneys whichshall come to the treasurer's hands for the use of the fair association, andthe treasurer shall not pay any sum from the funds of the association inany other manner. The treasurer shall keep a record of all the moneysreceived and disbursed, specifying the person or persons from whom receivedand to whom paid, and the object for which the same has been paid out. Thetreasurer shall present to the board of directors at each annual meeting ofthe 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.