Sec. 15-172. To certify warrants, checks, or drafts.
70 words·~1 min read·
/il/chapter-40/act-5/15-172A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 15-172. To certify warrants, checks, or drafts. To provide for certification on its behalf by its secretary of all warrants, checks, or drafts upon its depository bank or corporate trustee in accordance with the by-laws and actions of the board authorizing payments for benefits, expenses, investments and debt service, including any redemption premium and required deposits for any bonds of the board, out of funds belonging to this system.