State Codes and Statutes
Statutes > Alabama > Title45 > Chapter8A > 45-8A-22_63Section 45-8A-22.63
Secretary-treasurer.
The city clerk shall serve as secretary-treasurer to the retirement board and shall receive as compensation for his or her services an amount to be fixed from time to time by the retirement board which is to be paid on the first day of each month by a warrant drawn upon the fund as other warrants on the fund are drawn. The secretary-treasurer shall be responsible for maintaining the records of all monies belonging to the fund and evidence of all securities and other things of value belonging to the fund. He or she shall, before taking office as secretary-treasurer, make bond in an amount to be fixed from time to time by the retirement board and approved by the chairman of the retirement board with a surety company authorized to do business in Alabama for the faithful performance of his or her official duties and for the faithful accounting for all monies, securities, and other things of value which may come into his or her hands relating to the fund. The premiums on his or her bond shall be paid out of the fund. He or she shall keep the monies of the fund in a separate account or accounts that shall show at all times the true condition of the fund. Upon his or her resignation or removal from office, the secretary-treasurer shall surrender and deliver to his or her successor all bonds, securities, unexpended moneys, properties, and assets which are in his or her hands relating to the fund. The secretary-treasurer shall keep a full and complete record of all proceedings of the retirement board and perform such other duties as may be imposed upon him or her by the retirement board. He or she shall keep a record of the terms of office of each member of the retirement board and shall notify the electing body or bodies not less than 30 days or more than 60 days prior to the date that an election of a member or members should be held.
(Act 2002-298, p. 815, §4; Act 2002-304, p. 841, §4.)