[Adopted 1-1-1982 as Sec. 2-12 of
the 1982 Recodification]
There shall be a Treasurer of the Borough of
East Rutherford, appointed by the Borough Council. The Collector,
when so designated by the Borough Council, shall be the Treasurer
of the Borough of East Rutherford. He shall serve for a term of one
year. The Treasurer shall be a resident of the borough.
The Treasurer shall:
A.
Receive funds entrusted to or under the control of
any department and deposit all funds received by him in depositories
authorized by the Borough Council by resolution.
B.
Have custody of all investments and invested funds
of the borough or in possession of the borough in a fiduciary capacity,
except as otherwise provided by law, and keep such funds and all moneys
of the borough not required for current operations safely invested
or deposited in interest-bearing accounts.
C.
Have the safekeeping of all bonds and notes of the
borough and the receipt and delivery of borough bonds and notes for
transfer, registration or exchange.
D.
Keep a full account of all cash receipts and disbursements
of the borough, and at least once a month and oftener, as the Borough
Council requires, furnish the Borough Council with a statement of
all money received and expended by him.
