(a) During such periods of time as the Fiscal Officer of the Village may be absent from the Village or when the Fiscal Officer of the Village is unable for any cause to discharge his/her duties, the Fiscal Officer's designated agent is, in said event, hereby authorized and directed to execute those checks drawn on its legal depository for the payment of lawful obligations of the Village that are necessary to the prudent, reasonable and proper management of the financial affairs of the Village through the utilization of a stamp bearing the facsimile signature of the Fiscal Officer.
(b) The Fiscal Officer is hereby authorized and directed to furnish to the legal depository of the Village such specimens of his/her signature, and/or facsimile stamp provided for in subsection (a), supra, as the legal depository may require.
(c) The legal depository of the Village, upon receipt of the aforesaid specimens and/or signature cards as said depository shall require, and a certified copy of this Ordinance, is hereby authorized and directed to honor and pay checks of the Village executed by the aforesaid designated agent of the Fiscal Officer, to disburse funds required in connection therewith on behalf of the Fiscal Officer of the Village, and to charge such disbursements to the fund of the Village in its custody against which such checks may be drawn.
(d) In recognition of the additional responsibilities imposed herein upon the aforesaid designated agent of the Fiscal Officer by this Section a bond shall be established and purchased in the amount of Thousand and XX/100 Dollars ($ , 000.00), and the premium therefore shall be paid by the Village, and funds sufficient to pay the premium required for such bond are hereby appropriated from the General Fund of the Village.
(Ord. 9-2001. Passed 6-14-01.)