10.—(1) The Council shall open and maintain an account or accounts with such bank or banks as the Council thinks fit.
(2) Every such account shall be operated upon as far as practicable by cheque signed by such person or persons as may from time to time be authorised in that behalf by the Council.
(3) The moneys of the Council shall be applied only in payment or discharge of expenses, obligations and liabilities of the Council and in making any payments that the Council is authorised or required to make.