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C-27.1 - Municipal Code of Québec

Section 203
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203. The secretary-treasurer shall collect all moneys payable to the corporation and, subject to all other legal provisions shall deposit the same in any legally constituted bank, savings and credit union or trust company which may be designated by the council, and allow them to remain there until they are employed for the purposes for which they were levied, or until disposed of by the council. He may also, with the prior authorization of the council, invest such moneys for short terms in such legally constituted bank, savings and credit union or trust company as may be designated by the council, or purchase securities issued or guaranteed by the Government of Canada, the Gouvernement du Québec or the government of another Canadian province.
He also collects the school taxes under article 986.
All cheques issued and promissory notes executed by the corporation must be signed jointly by the mayor and the secretary-treasurer or, in case of the absence or inability to act of the mayor or of a vacancy in the office of mayor, by any member of the council previously authorized and by the secretary-treasurer.
M.C. 1916, a. 165; 1939, c. 98, s. 1; 1968, c. 86, s. 5; 1979, c. 36, s. 10.
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