Cap. 542 ст. 30Deposit of revenues and payments by the Council.

(1) All monies accruing to the Council shall be paid into a bank or banks appointed as bankers of the Council by a resolution of the Council. Such monies shall, as far as practicable, be paid into any such banks from day to day, except such sum as the Council may authorise to be retained to meet petty disbursements and immediate cash payments.

(2) All payments out of the funds of the Council, other than petty disbursements not exceeding a sum fixed by the Council, shall be made by such public officer or public officers of the Council as the Council shall appoint or designate for that purpose.

(3) Cheques against and withdrawals from any bank account of the Council shall be signed by such officer of the Council as may be appointed or designated by the Council for that purpose and shall be countersigned by the Chairperson, or such other member or officer of the Council as may be authorised by the Council for that purpose.

(4) The Council shall also make provision with respect to -

(a) the manner in which, and the officer or officers of the Council by whom, payments are to be authorised or approved;

(b) the title of any account held with the bank or banks into which the monies of the Council are to be paid, and the transfer of funds from one account to the other; and

(c) the method to be adopted in making payments out of funds of the Council, and generally with respect to any matter which is relevant to the proper keeping and control of the accounts and books, and the control of the finances, of the Council.