95.628 Treasurer of fund, duties, bond.
226 words·~1 min read·
/ky/chapter-95/95-628A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The city treasurer or chief financial officer shall be ex officio treasurer of the board
of trustees of the pension fund, and custodian of the pension fund.
(2)The treasurer, as custodian, shall securely keep the fund, subject to the control of
the board, and shall keep his books and accounts concerning the fund in such
manner as may be prescribed by the board. The books and accounts shall always be
subject to the inspection of the board or any board member.
(3)The treasurer shall, within ten
(10)days after his appointment, execute a bond to the
city with good surety, in such penal sum as the board of trustees directs, to be
approved by the board, 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 that come into his hands as treasurer of the pension fund, and that
upon the expiration of his term of office he will deliver to his successor all
securities, unexpended moneys and other properties that come into his hands as
treasurer of the fund. The bond shall be filed in the office of the treasurer, and suit
may be filed thereon in the name of the city for the use of the board or any person
injured by its breach.