56. The secretary-treasurer shall collect all moneys payable to the municipality and, subject to all other legal provisions, shall deposit in any legally constituted bank, financial services cooperative or trust company which may be designated by the council, the moneys arising on municipal taxes or dues and all other moneys belonging to the municipality and shall allow them to remain there until they are employed for the purposes for which they were levied or received or until disposed of by the council.
All cheques issued and promissory notes executed by the municipality 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 to do so and by the secretary-treasurer.
1978, c. 87, s. 56; 1996, c. 2, s. 1105; 2000, c. 29, s. 680.