322. The secretary-treasurer shall pay, out of the funds of the school corporation, all sums of money due by it; but he shall not make any payments except when authorized by resolution of the school board.
If, however, the sum to be paid does not exceed $50, the authorization of the chairman shall be sufficient.
Every such payment, in the case of moneys deposited in a bank, shall be made by cheque signed by the chairman and countersigned by the secretary-treasurer.
The facsimile of the signature of the chairman and of the secretary-treasurer of a school board may be engraved, lithographed or printed on the debentures issued by the school board and such facsimile shall have the same effect as if the signatures themselves were affixed thereto.
The facsimile of the signatures of the chairman and of the secretary-treasurer of a school board may be engraved, lithographed or printed on the coupons of bonds and on cheques issued by the school board and such facsimile shall have the same effect as if the signatures themselves were affixed thereto.
R. S. 1964, c. 235, s. 342; 1966-67, c. 61, s. 8; 1971, c. 67, s. 63; 1982, c. 58, s. 35.