47 Ill. Adm. Code 700.228
The Secretary-Treasurer
Section 700
Section 700.228 The
Secretary-Treasurer
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.