Illinois General Assembly - Illinois Compiled Statutes

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105 ILCS 5/3-14.12

(105 ILCS 5/3-14.12) (from Ch. 122, par. 3-14.12)

Sec. 3-14.12. Examine evidences of indebtedness.

In Class II county school units with respect to townships wherein trustees of schools maintain jurisdiction and in which township funds have not heretofore been liquidated and distributed, to examine all notes, bonds, mortgages, and other evidences of
indebtedness which the township or school treasurer holds officially with respect to such fund or funds, and
if he or she
						finds that the papers are not in proper form or that the securities
are insufficient, he or she shall so state, in writing, to the
trustees of schools or school board.

(Source: P.A. 95-496, eff. 8-28-07.)