(A) The treasurer of the Board of Trustees of the Policemen's and Firemen's Pension Fund shall be the custodian of the pension fund and shall securely and safely keep the same, subject to the control and direction of the Board, and shall keep his books and accounts concerning such fund in such manner as may be prescribed by the Board and the books and accounts shall always be subject to the inspection of the Board, or any member thereof.
(B) The treasurer, shall, within ten (10) days after his appointment or election, execute a bond to the city with good and sufficient surety, in such penal sum as the City Council shall direct, to be approved by the Council, conditioned for the faithful performance of the duties of his office, and that he will safely keep and well and truthfully account for all money and properties which may come into his hands as such treasurer and that, on the expiration of his term of office, he will surrender and deliver to his successor all bonds, securities, and all unexpended moneys or other properties which may have come into his hands as treasurer of the fund. The bond shall be filed in the office of the City Treasurer as other bonds, and may be sued on in the name of the city, for the use of the Board of Trustees, or in the name of the Board of Trustees, or any person or persons injured by a breach thereof. The premium of the bond shall be paid out of the pension fund in the manner under this division for expending sums.
(‘74 Code, § 2-183) (Ord. passed 3-5-43)
Statutory reference:
For similar provisions under state law, see KRS 95.778