Treasurer’s Duties:
If required by the directors, the treasurer shall give a bond for the faithful discharge of his duties in the sum and with the surety or sureties, as the directors shall determine.
The Treasurer shall have charge and custody of and be responsible for all funds and securities of the Corporation, receive and give receipts for moneys due and payable to the Corporation from any source whatsoever, and deposit all of those moneys in the name of the Corporation in the banks, trust companies, or other depositories as shall be selected in accordance with the provisions of Section VII of these bylaws and, in general, perform all the duties incident to the office of Treasurer and other duties assigned to him by the President or by the directors.
The Treasurer shall disburse the funds of the association as may be ordered by the President, the directors, or a properly authorized officer of the Corporation taking proper vouchers for the disbursements and shall render to the President and the directors at its regular meetings, an account of all transactions as Treasurer and the financial condition of the Corporation.
The Treasurer/and or Assistant Treasurer (if unavailable) will complete the annual filing of necessary paperwork to the state of Illinois and to the Internal Revenue Service.