Inspection of Municipal Treasurer's Accounts; Suspension of Delinquent Treasurer.
Section 157
SEC. 157. Inspection of Municipal Treasurer's Accounts; Suspension of Delinquent Treasurer.—The books, accounts, papers and cash in the custody of the municipal treasurer shall at all times be open to inspection in accordance with existing laws. In case an examination discloses a shortage in the cash which should be on hand or any misuse of the funds in violation of the law, it shall be the duty of the examining officer to seize the cash, books, accounts and papers, verifying the amount of cash so seized in the presence of at least two municipal officers designated by the mayor, who shall certify to the amount so seized. Thereupon, the municipal treasurer shall automatically stand suspended from office. The municipal mayor shall immediately report the suspension to the Minister of Finance for the latter's appropriate action. The funds so seized shall be treated as a municipal deposit in the account of the assistant municipal treasurer or the treasury official next in rank in the municipality until the municipal treasurer is restored or a new municipal treasurer is appointed to replace him.