95.778 Books and accounts of treasurer -- Bond. - Kentucky Statutes

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95.778 Books and accounts of treasurer -- Bond. The treasurer of the board of trustees of the policemen's and firefighters' pension fund
shall be the custodian of said pension fund and shall securely and safely keep the same,
subject to the control and direction of said board, and shall keep his or her books and
accounts concerning such fund in such manner as may be prescribed by the board and the
said books and accounts shall always be subject to the inspection of the board or any
member thereof. The treasurer shall, within ten (10) days after his appointment or
election, execute a bond to the city with good and sufficient surety, in such penal sum as
the legislative body shall direct, to be approved by the legislative body of said city,
conditioned for the faithful performance of the duties of his or her office, and that he or
she will safely keep and well and truthfully account for all money and properties which
may come into his or her hands as such treasurer; and that, upon the expiration of his or
her term of office, he or she will surrender and deliver to his or her successor all bonds,
securities, and all unexpended moneys or other properties which may have come into his
or her hands as treasurer of said fund. Said bond shall be filed in the office of the city
clerk, as other bonds, and may be sued on in the name of the said city, for the use of said
board of trustees, or in the name of the board of trustees, or any person or persons injured
by a breach thereof. The premium on said bond shall be paid out of said pension fund in
the manner provided in KRS 95.761 to 95.785 for expending sums. Effective: June 17, 1978
History: Amended 1978 Ky. Acts ch. 164, sec. 42, effective June 17, 1978. -- Created 1942 Ky. Acts ch. 9, sec. 19.