Before receiving any moneys, the secretary of the Board shall furnish bond in such amount as shall be determined by the Board, with sureties satisfactory to it, and all funds coming into the hands of the secretary shall be deposited to the account of PANA in one or more depositories as shall be qualified to receive deposits of funds, in the same manner as is done by the city, which deposits shalt be secured in the same manner as city funds are required to be secured. No disbursements shall be made from such funds except in accordance with rules and regulations adopted by the Board.
(Ord. G-14-02, passed 1-6-2014)