61.26 Treasurer.
413 words·~2 min read·
/wi/chapter-61/61-26-14A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
61.26 Treasurer. The village treasurer shall:
(1)If required to do so by the village board, execute and file an official bond which may be furnished by a surety company as provided by s. 632.17
(2). If the village board does not require the treasurer to execute and file an official bond, the board shall obtain a dishonesty insurance policy or other appropriate insurance policy that covers the treasurer, in an amount determined by the board, in lieu of the bond requirement.
(2)Except as provided in s. 66.0608
(3m), receive all moneys belonging or accruing to the village or directed by law to be paid to the treasurer.
(3)Except as provided in s. 66.0608
(3m), deposit upon receipt the funds of the village in the name of the village in the public depository designated by the board. Failure to comply with this subsection shall be prima facie grounds for removal from office. When the money is deposited, the treasurer and bonders are not liable for the losses defined by s. 34.01
(2), and the interest shall be paid into the village treasury.
(4)Pay money only on the written order of the president, countersigned by the clerk and specifying the number thereof, the payee and the amount and the object for which drawn.
(5)Keep just and accurate detailed accounts of all transactions under sub.
(4), showing when, to whom and for what purpose all payments are made, in books provided by the village board, and preserve all vouchers filed in the office.
(6)Render an account and settlement of all official transactions to the board at its last meeting prior to the annual election, and at all other times when required by the board.
(7)Deliver to the successor when qualified all books of account, papers and property of the office and all money on hand as treasurer.
(8)Perform other duties as are required by law or the village board.
(9)Keep but one fund in the treasury, except as otherwise provided.
(10)Execute the bond required by s. 70.67 and take receipt therefor, which the treasurer shall file in the office of the village clerk.
(11)On receipt of the tax roll, and while acting as collector of taxes, exercise the same powers and perform the same duties as are by law conferred upon and required of town treasurers while acting in that capacity, and be subject to the same penalties and liabilities.