Rhode Island § 46-24-17 § 46-24-17. Money of the authority.

Rhode Island Statutes

§ 46-24-17 — § 46-24-17. Money of the authority.

Rhode Island·Title 46 Waters and Navigation·Ch. 46-24 Pawtuxet River Authority

§ 46-24-17. Money of the authority.
All money of the authority from whatever source derived, shall be paid to the treasurer
            of the authority. The money on receipt shall be deposited forthwith in a separate
            bank account or accounts. The money in the account shall be paid out on a check of
            the treasurer on requisition by the authority, or of such other person or persons
            as the authority may authorize to make the requisitions. All deposit of the money
            shall be secured by obligations of the United States or the state of Rhode Island
            with a market value equal at all times to the amount of deposits, and all banks and
            trust companies are author

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§ 46-24-17. Money of the authority.

All money of the authority from whatever source derived, shall be paid to the treasurer of the authority. The money on receipt shall be deposited forthwith in a separate bank account or accounts. The money in the account shall be paid out on a check of the treasurer on requisition by the authority, or of such other person or persons as the authority may authorize to make the requisitions. All deposit of the money shall be secured by obligations of the United States or the state of Rhode Island with a market value equal at all times to the amount of deposits, and all banks and trust companies are authorized to give securities for any deposits. The authority shall have power as to the custody, collection, security, investment, and payment of any money within its jurisdiction.

Rhode Island § 46-24-17 (§ 46-24-17. Money of the authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.