The treasurer shall give bond in the amount and with the conditions prescribed by the board and with surety approved by the board. All money payable to the corporation shall be paid to the treasurer and the treasurer shall deposit the money in accordance with Indiana law relating to the deposit of public funds by municipal corporations. However, if trust funds are received or managed under a trust indenture, the terms and conditions of the trust indenture shall be followed. The treasurer must be a resident of the county.[Pre-1993 Recodification Citation: 16-12-21-41.]As added by P.L.2-1993, SEC.5. Amended by P.L.255-2003, SEC.53.
Indiana Legal Code