[Amended 5-19-1998 at referendum]
The Board shall appoint a Township Treasurer for an indefinite term and shall fix his compensation. The Township Treasurer shall be appointed on the basis of his qualifications and experience in financial matters. He need not be a resident of the Township at the time of his appointment, but may reside outside the Township while in office only with the approval of the Board. The Treasurer may be a corporation.
The Board may remove the Treasurer at any time, in accordance with the provisions of Article XIII.
The Township Treasurer shall receive and keep account of all funds of the Township. He shall disburse Township funds only pursuant to authorization of the Board. He shall arrange for temporary investments of the Township funds and shall make such investments at the direction of the Board. He shall make monthly reports of the tax collections to the Board and he shall submit such additional financial reports as the Board may require. He shall deposit the funds of the Township in various depositories as determined by the Board. Such deposits shall be made as soon as practical. All such accounts shall be in the name of the Township.