It shall be the duty of the Treasurer when the said extended copies are completed, to receive one copy thereof, receipting to the Council for the same and for the taxes therein extended, and to receive from the parties the entire amount of the taxes with which they are therein severally charged, from and after the first day of October, until and including the thirty-first day of October, of each year; and he shall in said book write the word "paid" opposite the name of the person so paying, and shall also receipt to such taxpayer for the tax so paid. He shall, as to all the taxes charged on said books for any year and not paid before the first day of November, make out tax tickets therefor in the name of the City, signed by him as Treasurer, against all persons in arrears, for the amounts severally due from them adding the ten percent penalty as hereinafter provided, and at once report the aggregate amount thereof to the Council, and the Council shall thereupon order him to deliver said tickets to the Marshal for collection, which he shall forthwith proceed to do, taking the Marshal's receipt therefor. The Treasurer shall receive all money collected by the Marshal and receipt to him therefor. He shall receive all taxes upon licenses, and receipt to the party paying the same, by endorsement upon the permit granted by order of the Council, which permit shall be furnished him by the Clerk, and charge himself with the amount so received, and report to the Council at its next regular meeting thereafter the amount so received by him. He shall also receive such other moneys of the City as he is authorized by this chapter to receive, and all moneys ordered paid him by the Council, giving receipts therefor to the parties paying same, and shall keep an accurate account thereof; and his books shall at all times be open for inspection to any taxpayer of the City, and he shall produce said books to said Council for inspection at any meeting thereof upon the order of the Council. The Treasurer shall be chargeable with all the City taxes, levies and assessments and money of the City that may come into his hands, and shall account therefor. He shall pay out the moneys in his hands upon the orders of the Council signed by the Mayor and Clerk or by one or more members of the Council as the Council may prescribe. He shall on or before the tenth day of January of each year present to the Council a full, complete and detailed statement of all the moneys with which he is chargeable, or that have been received by him up to the first day of January of that year, and shall at the same time in like manner furnish a statement of all disbursements made by him during such previous year, with vouchers evidencing the same. He shall upon the order of the Council at any time submit a statement of the amount with which he is chargeable, and his disbursements.
The Treasurer shall, upon all moneys coming into his hands as such Treasurer, and duly paid out or turned over by him upon orders of the Council, receive as compensation therefor a sum to be fixed by the Council not exceeding five percent on the amount collected.
He shall before entering upon the duties of his office, execute a bond with good security payable to the said City of Point Pleasant, in the penalty of not less than ten thousand dollars, conditioned for the faithful performance of the duties of his office, and for the accounting for and paying over as required by law of all money which may come into his hands by virtue of his office. He shall, upon the expiration of his term of office, turn over to the Council all moneys, books and other property in his possession belonging to said City.