KRS 102.080: Bonds and reports of secretary and treasurer.

(1) The treasurer and the secretary shall give bond, the amount to be fixed by the

directors at not less than the sum likely to come into their hands.

(2) The secretary and treasurer shall, at the close of each semiannual period, file with

the board of direct ors an accurate detailed report of all receipts and disbursements

of the chamber of commerce, showing the source of such receipts, and to whom

paid and for what purpose. The report shall be sworn to by the secretary and

treasurer. If an appropriation has b een obtained from the city during the period

covered by the report a copy of it shall be filed with the city clerk.