CHAPTER 1: GENERAL FINANCE AND PURCHASING PROCEDURES
Section
   3-1-1   Depositories designated; funds to be deposited
   3-1-2   Funds secured by unit collateral system
   3-1-3   Purchases, how made
   3-1-4   When prior approval by Town Board of Trustees is required
§ 3-1-1 DEPOSITORIES DESIGNATED; FUNDS TO BE DEPOSITED.
   All banks and all savings and loan associations in this county which are incorporated under federal or state law are hereby designated as depositories for the funds of the town. The Town Treasurer shall deposit daily all public funds received by him or her in such banks or savings and loan associations.
(Prior Code, § 7-101)
§ 3-1-2 FUNDS SECURED BY UNIT COLLATERAL SYSTEM.
   The deposits of the town shall be secured by the unit collateral system provided by the state statutes.
(Prior Code, § 7-102)
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