A.
The Treasurer of the Firefighters' Relief Association[1] shall receive from the State Commissioner of Insurance all money belonging to the Firefighters' Relief Fund of the Firefighters' Relief Association of the City and other money collected and shall deposit the same to the credit of the Parsons Firefighters' Relief Fund.
B.
Such Treasurer shall give bond for the safekeeping of such funds and for faithful performance in such sum with such sureties as may be approved by the governing body.