State Codes and Statutes
Statutes > Missouri > T11 > C182 > 182_713Bond required for treasurer, librarian and certain other employees.
182.713. 1. The treasurer, the librarian and otheremployees as designated by the board of trustees, before enteringupon the discharge of their duties as such, shall enter into bondor bonds with a corporate surety to be approved by the board oftrustees in such amount as may be fixed by the board of trustees,conditioned that they will render a faithful and just account ofall money that comes into their hands, and otherwise perform theduties of their office according to law. The urban publiclibrary district shall pay the premium for the bond or bonds fromits operating fund. A copy of such bond or bonds shall be filedwith the treasurer of the board of trustees and clerk for eachcounty included within the urban public library district. Incase of a breach of the conditions of the bond or bonds the boardor any taxpayer of the urban public library district may causesuit to be brought thereon. The suit shall be prosecuted in thename of the state of Missouri at the relation of and for use ofthe urban public library district.
2. The chief executive officer of the district, for and onbehalf of the board of trustees, shall keep or cause to be keptfinancial records and accounts according to generally acceptedaccounting standards, and shall furnish to the board of trusteesor any member thereof the financial records and accounts, orsummaries thereof, that the board of trustees or any memberthereof may request.
3. On or before the thirty-first day of August of each year,the chief executive officer shall make a report to the board oftrustees, stating the condition of the library and its servicesas of the thirtieth day of June of the preceding fiscal year.This report shall be accompanied by an audit conducted by anindependent auditing firm. On or before the thirtieth day ofSeptember, the reports shall be submitted to the Missouri statelibrary commission by the board of trustees.
(L. 1988 S.B. 681)
