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, shall be appointed, by resolution, for fiscal
year 1976 and annually thereafter, by resolution, before the close
of the fiscal year.
It shall be the duty of said independent auditor to make an
independent examination of the accounting records of the Borough of
Towanda for such fiscal year, and such independent auditor shall also
perform the other duties and exercise the powers as conferred upon
him by the Borough Code.
When an independent auditor is appointed as herein provided,
the office of elected Borough Auditor is thereby abolished, although
Borough Auditors then in office shall continue to hold their offices
during the term for which elected; and the Borough Auditors shall
not audit, settle or adjust the accounts audited by such independent
auditor, but shall perform the other duties of their office.