40:33-13.13.Ā  Duties of treasurer;Ā  annual audit
The treasurer of the board of trustees shall receive and hold, in behalf ofĀ  the board, all funds of the library and shall pay out or transfer such funds,Ā  as directed by resolution of the board of trustees, by check signed by him andĀ  countersigned by the president of the board of trustees or other trustee orĀ  trustees designated by the board of trustees.Ā  The treasurer shall giveĀ  adequate bond or bonds, conditioned for the faithful performance and dischargeĀ  of his duties, payable to the board of trustees and to the participatingĀ  counties, in an amount or amounts required by the board of trustees.Ā  AllĀ  accounts and financial transactions of the regional library shall be auditedĀ  annually by a registered municipal accountant of New Jersey and filed with theĀ  Director of the Division of Local Government on or before May 31.

L.1962, c. 134, s. 11, eff. July 27, 1962.
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