The board of trustees shall also elect a treasurer for the college who shall not be a trustee. The treasurer shall receive, hold and pay out all moneys belonging to the college, or that may be paid in for the necessary expenses of any student in the college or for the use and benefit of any such student. The treasurer shall hold office for the term and receive the compensation fixed for such office by the board of trustees. Before entering upon his duties, the treasurer must give bond in such penalty as the trustees prescribe, payable to the college, conditioned that he will faithfully receive, safely keep and lawfully pay out, and promptly, fully and fairly account for all money or choses in action which may come to him by virtue of his office, and the trustees may require a new bond or an additional bond whenever, in their opinion, the interests of the college require it.
Structure Code of Alabama
Chapter 60 - Trade Schools and Junior Colleges.
Article 2 - Junior College for Franklin, Marion and Winston Counties.
Section 16-60-20 - Board of Trustees - Establishment; Composition; Appointment.
Section 16-60-22 - Date of Commencement of Operations of College; Selecting Location.
Section 16-60-23 - Incorporation of College.
Section 16-60-24 - Donations; Sale of Property of College.
Section 16-60-25 - Rules and Regulations.
Section 16-60-27 - Programs to Be Offered.
Section 16-60-28 - Control of College; President.
Section 16-60-29 - Compensation of Teachers and Officers; Faculty.
Section 16-60-31 - Treasurer - Election; Duties; Term of Office; Compensation; Bond.
Section 16-60-32 - Treasurer - Removal; Temporary Custodian for Funds.
Section 16-60-33 - Accounts of Officers.
Section 16-60-34 - Matriculation, Library and Laboratory Fees.