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(a) The Treasurer shall be the custodian of all funds belonging to the Town and shall pay no money out except upon warrants or drafts as follows:

(1) For Town employee checks or drafts, one (1) authorized signature shall be required; and

(2) For checks or drafts of ten thousand dollars ($10,000.00) or less, one (1) authorized signature shall be required; and

(3) For checks or drafts of more than ten thousand dollars ($10,000.00), two (2) authorized signatures shall be required.

(b) Authorized signatures are as follows:

(1) Town Finance Director;

(2) Town Clerk;

(3) Town Manager;

(4) Town Mayor;

(5) Town Mayor Pro Tem.

(c) The Treasurer shall keep a separate account of each fund or appropriation and the debits or credits belonging thereto. (Prior code 4.6-1; Ord. 759 § 1, 2004; Ord. 1088 § 1, 2012)