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95.778 Books and accounts of treasurer -- Bond.

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