SENATE BILL NO. 349
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 302, VOLUME 49, LAWS OF DELAWARE, AS AMENDED, ENTITLED "AN ACT TO INCORPORATE THE TOWN OF FENWICK ISLAND, DELAWARE" RELATING TO SIGNING OF CHECKS AND MAKING BANK DEPOSITS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each House thereof concurring therein):
Section 1. Amend Section 16, Chapter 302, Volume 49, Laws of Delaware by rewording the section to read as follows:
"Section 16. Duties of President
The President shall preside at the meetings of the Town Council". He shall have general supervision of the affairs of the Town, and shall perform such other duties as may be prescribed by ordinance or by-laws adopted by the Council."
Section 2. Amend Section 19, Chapter 302, Volume 49, Laws of Delaware by rewording the section to read as follows:
"Section 19. Duties of the Treasurer
The Treasurer shall be the custodian of all the Town funds and shall deposit them or cause them to be deposited in such banking institutions as may be designated by the Council; he shall pay out no money except upon check or warrant bearing signatures as set forth by ordinance and authorized by the Council; he shall keep a true, accurate and detailed account of all moneys received and of all monies paid by him; he shall preserve all vouchers for monies paid by him and his books and accounts shall at all times be open to the Inspection of the Council; he shall make such reports with respect thereto as the Council may request and at such times as the Council may direct. If the Council by ordinance so provides he shall file a bond with corporate surety for the faithful performance of his duties, in such form and for such amount as the Council shall direct. He shall perform such other duties and have such other powers as prescribed by this Charter and any ordinances."
Approved July 10, 1990.