Article 56.--TOPEKA/SHAWNEE COUNTY RIVERFRONT AUTHORITY
12-5612.Secretary and treasurer; requirements;
monetary transactions.
(a) The board shall appoint a secretary and a treasurer, who
need
not be
members of
the board, to hold office during the pleasure of the board, and fix their
duties and
compensation. Before entering upon the duties of their respective offices they
shall
take and subscribe the constitutional oath of office, and the treasurer shall
execute a
bond with corporate sureties to be approved by the board. The bond shall be
payable
to the authority in whatever penal sum may be directed by the board conditioned
upon the faithful performance of the duties of the office and the payment of
all
money received by the treasurer according to law and the orders of the board.
The board at any time may require a new bond from the treasurer in such penal
sum
as
may then be determined by the board. The obligation of the sureties shall not
extend
to any loss sustained by the insolvency, failure or closing of any national or
state
bank wherein the treasurer has deposited funds if the bank has been approved by
the
board as a depositary for these funds. The oaths of office and the treasurer's
bond
shall be filed in the principal office of the authority.
(b) 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authority and shall be withdrawn or paid out only by check or draft upon the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 chairperson 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 chairperson and another to
affix
the
facsimile signature of the treasurer to any check or draft.
(c) In case any officer whose signature appears upon any check, draft, bond,
certificate or interest coupon, issued pursuant to this act, ceases to hold
such officer's office before the delivery thereof to the payee or the purchaser
of any bond or
certificate, the officer's signature nevertheless shall be valid and sufficient
for all
purposes with the same effect as if the officer had remained in office until
delivery
thereof.
Article 56.--TOPEKA/SHAWNEE COUNTY RIVERFRONT AUTHORITY
12-5612.Secretary and treasurer; requirements;
monetary transactions.
(a) The board shall appoint a secretary and a treasurer, who
need
not be
members of
the board, to hold office during the pleasure of the board, and fix their
duties and
compensation. Before entering upon the duties of their respective offices they
shall
take and subscribe the constitutional oath of office, and the treasurer shall
execute a
bond with corporate sureties to be approved by the board. The bond shall be
payable
to the authority in whatever penal sum may be directed by the board conditioned
upon the faithful performance of the duties of the office and the payment of
all
money received by the treasurer according to law and the orders of the board.
The board at any time may require a new bond from the treasurer in such penal
sum
as
may then be determined by the board. The obligation of the sureties shall not
extend
to any loss sustained by the insolvency, failure or closing of any national or
state
bank wherein the treasurer has deposited funds if the bank has been approved by
the
board as a depositary for these funds. The oaths of office and the treasurer's
bond
shall be filed in the principal office of the authority.
(b) 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 chairperson 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 chairperson and another to
affix
the
facsimile signature of the treasurer to any check or draft.
(c) In case any officer whose signature appears upon any check, draft, bond,
certificate or interest coupon, issued pursuant to this act, ceases to hold
such officer's office before the delivery thereof to the payee or the purchaser
of any bond or
certificate, the officer's signature nevertheless shall be valid and sufficient
for all
purposes with the same effect as if the officer had remained in office until
delivery
thereof.
Article 56.--TOPEKA/SHAWNEE COUNTY RIVERFRONT AUTHORITY
12-5612.Secretary and treasurer; requirements;
monetary transactions.
(a) The board shall appoint a secretary and a treasurer, who
need
not be
members of
the board, to hold office during the pleasure of the board, and fix their
duties and
compensation. Before entering upon the duties of their respective offices they
shall
take and subscribe the constitutional oath of office, and the treasurer shall
execute a
bond with corporate sureties to be approved by the board. The bond shall be
payable
to the authority in whatever penal sum may be directed by the board conditioned
upon the faithful performance of the duties of the office and the payment of
all
money received by the treasurer according to law and the orders of the board.
The board at any time may require a new bond from the treasurer in such penal
sum
as
may then be determined by the board. The obligation of the sureties shall not
extend
to any loss sustained by the insolvency, failure or closing of any national or
state
bank wherein the treasurer has deposited funds if the bank has been approved by
the
board as a depositary for these funds. The oaths of office and the treasurer's
bond
shall be filed in the principal office of the authority.
(b) 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 chairperson 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 chairperson and another to
affix
the
facsimile signature of the treasurer to any check or draft.
(c) In case any officer whose signature appears upon any check, draft, bond,
certificate or interest coupon, issued pursuant to this act, ceases to hold
such officer's office before the delivery thereof to the payee or the purchaser
of any bond or
certificate, the officer's signature nevertheless shall be valid and sufficient
for all
purposes with the same effect as if the officer had remained in office until
delivery
thereof.