KRS 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 appoi ntment, 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, an d 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 o r 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 na me 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 95.784 for expending sums.