The Board shall appoint a Township Treasurer for a term of one
year and fix the compensation. The person shall be appointed on the
basis of qualification and experience in financial matters; shall
be a resident of the Township at the time of the appointment.
The Board may remove the Treasurer at any time with or without
cause.
The Township Treasurer shall give bond, with a surety company
or other company authorized by law to act as surety, to be approved
as to the amount thereof by and filed with the Board; shall receive
all monies due the Township and deposit the same promptly upon receipt
thereof in a bank, banking institution or trust company in the name
of the Township; shall keep distinct and accurate accounts of all
sums received from taxes and all other sources, which accounts shall
be open to the inspection of the Supervisors, auditing firm and the
taxpayers of the Township; shall pay out all monies received only
on orders drawn by the Supervisors of the Township; shall annually
state the accounts, and lay same, together with the vouchers, before
the Township auditor for settlement; shall deliver to his/her successor
in office all the books, papers and documents of the office; and pay
to such successor any balance of money belonging to the Township that
may be in the Treasurer's hands.
