The City treasurer shall give lawful fidelity bond to the Commonwealth, with a surety company authorized by law to act as surety, to be approved by the City council, in such sum as it may by ordinance direct, conditioned for the accounting for and paying over all moneys received by him in his capacity as City treasurer and the safekeeping and payment over of all public moneys entrusted to his care, and that as Tax Collector of City, county, institution district, and school taxes he shall account for and pay over all moneys received by him as taxes, penalties and interest. The City treasurer shall in addition furnish adequate insurance protection against any and all losses of said funds through fire, burglary, larceny, theft, robbery or forgery. Such insurance shall be approved by the City council in such sum as it may by ordinance direct. The City treasurer and his surety shall be discharged from further liability on any bond as Tax Collector, as soon as all tax items contained in the duplicates delivered to him are either: (1) Collected and paid over, or (2) Certified to the City council for entry as liens in the office of the prothonotary or as claims in the tax claim bureau, as the case may be, or (3) Returned to the county treasurer or City treasurer for sale, or (4) In the case of taxes, not levied upon real estate, a record of those which remain uncollected is filed with the tax authority. The City treasurer shall be required to give, in addition to insurance as aforesaid, but one bond which shall include his duties as City treasurer and collector of City, county, institution district, and school taxes, and shall cover the full term of his office. Should any of the taxing districts be of the opinion at any time that the bond and insurance as aforesaid provided by the City treasurer is not sufficient in amount as to the surety and insurance thereon, the said taxing district may petition the court of quarter sessions having jurisdiction in the City to have the City treasurer furnish additional bond and additional bond and insurance, if any, as the said court may prescribe. The premium of the bond or bonds and insurance shall be paid by the City or shared pro rata by the taxing districts interested, as the case may be, according to their respective tax interests. The treasurer shall not in any event be required to provide bond or bonds and insurance in an amount in excess of the taxes to be collected by him. The bond or bonds and insurance provided by the City treasurer shall be for the use of the City and the taxing districts involved. He shall, as City treasurer, receive a fixed annual salary, to be provided by ordinance. His compensation as Tax Collector for the City, county, institution district and school district shall be as provided for in the local tax collection law.
The City treasurer shall demand and receive all moneys payable to the City from whatever source, and shall issue a receipt in every case to the person making such payment and shall countersign all checks or drafts duly signed by the City manager and countersigned by the Mayor. All receipts for money received on behalf of the City by the treasurer shall be numbered serially and made in duplicate at least, and all such duplicates shall daily, not later than the next succeeding business day, be transmitted by the City treasurer to the City manager.
The accounts of the City treasurer shall be kept in such manner as to clearly exhibit all the items of receipts and expenditures of the City, and the sources from which the moneys are received and the objects for which the same are disbursed. He shall keep separate and distinct accounts of the receipts and expenditures of the City, the sinking fund, respectively and also of every special fund which may come into his hands.
No money shall be paid out of the City treasury unless the same shall have been previously appropriated by council to the purpose for which it is to be drawn, which shall be explicitly mentioned in the warrant therefor.
The treasurer shall keep the public funds in such banks or financial depositories as council may direct, under such restrictions and safeguards as council may provide and shall verify his accounts whenever required, to the satisfaction of council.
No treasurer complying with the provisions of this section and any ordinance of the City, nor his surety or sureties shall be chargeable with losses of City funds caused by the insolvency or negligence of any such City depositories.
The City treasurer shall appoint and supervise all the assistants and employees of his office whose number and compensation shall be fixed by council, and who, in all other respects, shall be considered as employees of the City.
If the office of City treasurer should be vacated for any reason, the council shall fill such vacancy by appointing a person qualified to hold such office for the unexpired term thereof. If the council shall refuse, fail or neglect, or be unable, for any reason whatsoever, to fill such vacancy within 32 days after the vacancy occurs, or is declared by council, then the Court of Common Pleas shall, upon petition of the council or of any five citizens of the City, fill the vacancy in such office by the appointment of a qualified resident of the City for the unexpired term of the office.
The City treasurer, prior to assuming office, shall take and shall sign an oath of office as shall from time to time be prescribed by the laws of the Commonwealth of Pennsylvania. Such oath may be taken and signed before the City Clerk, the Mayor, any judge, Justice of the Peace, or notary public of the Commonwealth of Pennsylvania, and no person shall be permitted to assume such office until the oath, in written form, is filed with the City.