A. Authorized Depository: Any bank having a physical presence in the village, a public treasurer's investment pool created under section 17 of the state treasurer's act, a money market mutual fund registered under the investment company act of 1940, and pursuant to 30 Illinois Compiled Statutes 235/5 and any other depository authorized by the board of trustees is hereby designated as an authorized depository in which the funds of the village may be deposited. (2016 Code)
B. Deposit Of Funds: The village finance director shall deposit such funds and monies only in one or more of the depositories designated in subsection A of this section, or as otherwise specifically designated by the board of trustees. (1976 Code § 2.10A.090; amd. 2016 Code)
C. Signatures Required For Withdrawals: All checks or drafts drawn against village funds and monies on deposit in one or more of the depositories designated in subsection A of this section shall be hand signed by at least two (2) of the following village officers: the president, finance director, clerk or village administrator; provided, however, that any check drawn in an amount not to exceed one thousand dollars ($1,000.00) may be issued with facsimile signatures of the president and clerk in lieu of the hand signatures otherwise required in this subsection. (1976 Code § 2.10A.090; amd. 2016 Code)