(A) The Board of Trustees of the Firemen's Insurance and Inspection Fund shall consist of the Mayor, the Town Clerk and the Chief of the Fire Department. The Board shall have the duties and powers specified in S.C. Code §§ 38-57-10 to 38-57-160, as amended.
('86 Code, § 5.408)
(B) The Town Clerk shall deposit promptly all monies received for the Firemen's Insurance and Inspection Fund in a special checking account. Disbursements therefrom shall be only upon the signatures of two of the following: Mayor, Fire Chief, Clerk-Treasurer.
(C) The Secretary-Treasurer of the fund shall submit each January a written statement of funds received and disbursed during the preceding calendar year to the state, the Council and the Board of Trustees.
('86 Code, § 5.409)