2006 Alabama Code - Section 34-24-258 — Deposit and expenditure of funds of the board; bonds of officers; ratification of actions of existing bank account.
(a) All funds received by the board shall be deposited to the credit of the board in a federally insured bank selected by the board, and the execution and enforcement of this article and the payments of salaries, expenses, and other authorized costs shall be paid by checks drawn by the secretary-treasurer and countersigned by the president or the administrative secretary of the board.
(b) The president, administrative secretary, and secretary-treasurer shall give such bonds as the board from time to time directs.
(c) Any actions relating to any bank account of the board existing prior to March 26, 1997 are ratified and confirmed.
(Acts 1997, No. 97-159, p. 216, §4.)
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