(40 ILCS 5/19-106) (from Ch. 108 1/2, par. 19-106)
Sec. 19-106.
Custodian of fund-duty-bond-where filed.
The city treasurer, subject to the control and direction of the board of
trustees hereinafter mentioned, shall be the custodian of said pension fund
and shall secure and safely keep same and shall keep books and accounts
concerning said funds in such manner as may be prescribed by said board of
trustees, which said books and accounts shall always be subject to the
inspection of said board of trustees, or any member thereof.
The city treasurer shall within 10 days after his election or
appointment, execute a bond to the city, with good and sufficient
securities, in such penal sum as the said board of trustees shall direct,
and shall be conditioned for the faithful performance of the duties of said
office, and that he will safely keep and well and truly account for all
moneys belonging to said pension fund, and all interest thereon, which may
come into his hands, as such treasurer, and on the expiration of his term
of office, or upon his retirement therefrom for any cause, he will
surrender and deliver over to his successor all unexpended moneys, with
such interest as he may have received thereon, and all property which may
come into his hands as treasurer of said pension fund.
Such bond shall be filed in the office of the city clerk of said city
for the use of said board of trustees, or any person or persons injured by
such breach.
(Source: Laws 1963, p. 161.)
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