(40 ILCS 5/4-130)
(from Ch. 108 1/2, par. 4-130)
Treasurer of the Board.
The treasurer of the municipality shall be the treasurer of the board and
the custodian of the pension fund,
and shall secure and safely keep the fund's assets, subject
to the control and
direction of the board. The treasurer shall keep
books and accounts concerning the fund in such manner as may be prescribed
by the board. The books and accounts shall be subject to the inspection of the board
or any member thereof.
The treasurer, within 10 days after his or her election or
appointment, shall execute a bond to the municipality, with good and
sufficient securities, in
such penal sums as the board shall direct, to be approved by the board,
conditioned for the faithful performance of the duties of the
office, and for the safekeeping and proper accounting of all moneys and
property which come to the treasurer;
and that on the expiration of his or her term of office all moneys
and property of the fund will be turned
over to his or her successor.
The bond shall be filed in the office of the clerk of the municipality
or in the office of the secretary of
the board of trustees of the fire protection district, as the case may be.
In case of a breach of the bond, or any of its conditions,
suit may be
brought thereon in the name of the municipality for the use of the board,
or of any person or persons injured by such breach.
(Source: P.A. 83-1440.)