(A) Banks and savings and loan that have a physical location within the corporate limits of the Village are hereby designated as authorized depositories in which the funds and monies achieved by the Village may be deposited.
(B) The Village Clerk is authorized and directed to notify in writing the sureties of the Village Clerk and Village Treasurer of the designation of the depositories at least five days prior to the transfer of funds to said depositories.
(C) Each of the designated banks and savings and loans is authorized to pay out the funds of the Village on deposit as aforesaid with it, from time to time, upon checks or other appropriate withdrawal documents drawn upon said depositories and signed (their original or facsimile signatures) in the name of the Village by any two of the following individuals:
(1) Village Clerk.
(2) Village Treasurer.
(3) Deputy Village Clerk.
(4) Deputy or Assistant Village Treasurer.
(D) In the absence of a formally designated Deputy or Assistant Village Treasurer, the Village Manager may serve in this signatory capacity as long as the Village Manager is bonded in the same manner as the Treasurer.
(Ord. 2009-O-024, passed 5-26-09; Am. Ord. 2021-O-088, passed 12-21-21)