Sec. 416a.
(1) This section applies to a first class school district only if the question under section 410 is approved in the first class school district.
(2) The officers of the first class school district board shall be a president, vice-president, and secretary. In case of a vacancy in the office of president of a first class school district board, the vice-president shall succeed to the office of president for the balance of the unexpired term.
(3) The president, vice-president, and secretary shall perform the duties prescribed by the bylaws and regulations of the board.
(4) The chief financial officer or other officer of the first class school district designated by the chief executive officer shall have the custody of all money belonging to the school district and shall pay out money pursuant to this act. The funds shall be deposited with depositories selected by the chief executive officer or his or her designee, and the interest derived shall be paid into the general fund of the school district.
History: Add. 2004, Act 303, Imd. Eff. Aug. 10, 2004
Popular Name: Act 451
Last modified: October 10, 2016