The Council of the Borough of Punxsutawney shall
annually appoint, by resolution, an independent auditor, who shall
be a certified public accountant registered in Pennsylvania, a firm
of certified public accountants so registered or a competent public
accountant or a competent firm of public accountants, to make an independent
examination of the accounting records of the Borough for each fiscal
year and shall also perform the other duties and exercise the powers
as conferred upon him by subdivision of Article XI of the Borough
Code, Act No. 581 of 1965, as amended.
The independent auditor shall be appointed annually,
by resolution, before the close of a fiscal year; provided, however,
that such appointment shall be for the term of October 1, 1974, to
December 31, 1974, in this the first appointment of such independent
auditor.
The compensation of the independent auditor
shall be fixed by contract between the independent auditor and the
Borough of Punxsutawney.
The office of elected Auditor of the Borough
of Punxsutawney is hereby abolished; provided, however, that elected
Auditors now in office shall continue to hold their office during
the term for which elected and shall not audit, settle or adjust the
accounts audited by such independent auditor but shall perform the
other duties of their office.