(A) The Finance Director is ex officio treasurer of the Board of Trustees of the Pension Fund and custodian of the pension funds.
(B) The Finance Director, as custodian, shall securely keep the Fund, subject to the control of the Board of Trustees, and shall keep his or her books and accounts concerning the Pension Fund in the manner prescribed by the Board of Trustees. The books and accounts are always subject to the inspection of the Board of Trustees or any Board member.
(C) The Finance Director shall execute a bond to the city with good surety, in the penal sum the Board of Trustees directs, to be approved by the Board of Trustees, conditioned for the faithful performance of the duties of his or her office and that he or she will safely keep and well and truthfully account for all money and properties that come into his or her hands as Treasurer of the Pension Fund, and that, upon the expiration of his or her term of office, he or she will deliver to his or her successor all securities, unexpended moneys and other properties that come into his or her hands as treasurer of the Pension Fund. The bond shall be filed in the office of the Finance Director and suit may be filed thereon in the name of the city for the use of the Board of Trustees or any person injured by its breach.
(KRS 95.590) (1989 Code, § 35.53) (Ord. 1161, passed - -1969)