He or she shall require all officers charged in any manner with the receipt, collection or disbursement of the village revenues to submit monthly reports in writing, showing in detail all such receipts, collections and disbursements, and to file the same in his or her office; and if any such officer shall neglect to make such report or to adjust his or her accounts whenever so required by said Chairperson, and to pay over to the proper officer any money in his or her possession belonging to the village, it shall be the duty of the said Chairperson to cause a written notice to be served on such officer and his or her sureties demanding a settlement of his or her accounts with the village forthwith; and in case of the neglect or refusal of such officer to make such settlement and pay over such moneys for a period of ten days after the service of said notice, the said Chairperson shall report such officer to the Mayor for his or her action in the matter; and proceedings shall be instituted at once against such delinquent officer and his or her sureties for the recovery of any money due said village.
(1975 Code, § 4-110)