14-10a12.   How pensions and benefits paid; annual report.All pensions and benefits paid and all moneys drawn from the respectivepension funds, under the provisions of this act, shall be upon order of therespective board of trustees and signed by the president and secretary ofsuch board, and payment shall be made by the issuance of city warrants orwarrant checks as provided by law, when approved and passed by thegoverning body. The treasurer of the board of trustees shall prepareannually a report of the receipts and expenditures for the year endingDecember thirty-first of the previous year, showing the money on hand, howinvested, and all moneys received and paid out, which report shall be filedwith the city clerk.

      History:   L. 1945, ch. 144, § 12; July 1.