Illinois Administrative Code › Title 47 - HOUSING AND COMMUNITY DEVELOPMENT › Part 700 - BY-LAWS › Section 700.228 - The Secretary-Treasurer

Current through Register Vol. 48, No. 28, July 12, 2024
The Secretary-Treasurer shall:
a) Keep a certified copy of the Articles and
			 these By-Laws with marginal references to all amendments thereof;
b) Keep the minutes of the meetings of the
			 Stockholders and the Board of Directors, and cause the same to be recorded in
			 the book provided for that purpose;
c) Prepare, or cause to be prepared, and
			 maintain any list of Stockholders;
d) See that all notices are duly given in
			 accordance with the provisions of these By-Laws or as required by
			 statute;
e) Be custodian of the
			 records of the Corporation and the Board of Directors and of the seal of the
			 Corporation; see that the seal is affixed to any and all stock certificates
			 prior to their issuance and to all documents the execution of which on behalf
			 of the Corporation under its seal shall have been duly authorized, and attest
			 the seal when so affixed;
f) See
			 that all books, reports, statements, certificates and other documents and
			 records required by law to be kept or filed are properly kept or
			 filed;
g) Have supervision over the
			 funds including the borrowing thereof, the securities, receipts and
			 disbursements of the Corporation;
h) Cause all moneys and other valuable
			 effects to be deposited in the name and to the credit of the Corporation, in
			 such banks or trust companies or with such bankers or other depositories as
			 shall be selected by a majority vote of the Board of Directors, exclusive of
			 any Director who is an Officer or Director of the depository so
			 designated;
i) Cause the funds of
			 the Corporation to be disbursed by checks or drafts upon the authorized
			 depositories of the Corporation;
j)
			 Cause to be taken and preserved proper vouchers for all moneys
			 disbursed;
k) Cause to be kept
			 correct books of the account of all the business and transactions of the
			 Corporation;
l) Render to the
			 President or the Board of Directors, whenever requested, an account of the
			 financial condition of the Corporation and of his transactions as
			 Treasurer;
m) Be empowered, from
			 time to time, to require from the Officers or Agents of the Corporation reports
			 or statements giving such information as he may desire with respect to any and
			 all financial transactions of the Corporation; and
n) In general, perform all duties and have
			 all powers incident to the office of Secretary-Treasurer and perform such other
			 duties and have such other powers as from time to time may be assigned to him
			 by these By-Laws or by the Board of Directors or by the President. At the
			 request of the Secretary-Treasurer, or in his absence or disability, a duly
			 appointed Assistant Secretary-Treasurer, shall perform any of the duties of the
			 Secretary-Treasurer and, when so acting, shall have all the powers of, and be
			 subject to all the restrictions upon, the Secretary-Treasurer. Except where by
			 law the signature of the Secretary-Treasurer is required, any duly appointed
			 Assistant Secretary-Treasurers shall possess the same power as the
			 Secretary-Treasurer to sign all certificates, contracts, obligations, and other
			 instruments of the Corporation.