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SECTION 4, SECRETARY'S DUTIES, SUBDIVISION 3. At the end of each year the secretary and treasurer shall jointly prepare a detailed annual report of the receipts and expenditures for the year showing to whom and for what purpose all money has been paid, and prepare and file such reports as required by law. Such report shall be presented at the annual meeting of the association. SECTION 5, TREASURER'S DUTIES, SUBDIVISION 1 The treasurer shall receive and safely keep all money belonging to the association from whatever source derived, and shall promptly enter in a book provided for the purpose, an account of all money received and disbursed by the treasurer, showing the source and objects thereof with the date of each transaction. He/she shall pay out money only upon checks signed by himself/herself and countersigned by the president. Such checks when paid and canceled shall be retained as vouchers. Such accounts and vouchers shall be exhibited to the Board of Trustees upon request. SECTION 5, TREASURER'S DUTIES, SUBDIVISION 2. At each regular meeting of the Board of Trustees the treasurer shall make a report showing his/her balances and receipts and the treasurer and secretary shall jointly prepare a detailed annual report of the receipts and expenditures of the association for the year showing to whom and for what purpose all money has been paid and prepare and file such reports as required by law. Such report shall be presented at the annual meeting of the association. SECTION 6, PRESIDENT, SECRETARY AND TREASURER BONDS. Before entering upon their duties the president, secretary and treasurer shall file with the City Administrator of the City of Ramsey a good and sufficient bond, with sufficient surety approved by the Board of Trustees. SECTION 7, AUDIT. The Board of Trustees shall order an audit of the books and accounts of the secretary and treasurer annually, according to law. ARTICLE III, FUNDS. SECTION 1, GENERAL FUND. The funds received by this association from dues, fines, initiation fees, entertainments, and other miscellaneous sources shall be kept in a general fund on the books of the secretary and treasurer and may be disbursed by the Board of Trustees for any purpose reasonably suited to the welfare of the association and its members. SECTION 2, SPECIAL FUND. All funds received by this association from the City of Ramsey for f'zre department relief, all funds received from the State of Minnesota and all funds or property donated, granted, or devised to this association for the benefit of this fund shall be kept in a special fund on the books of the secretary and treasurer and shall not be disbursed for any purpose except those authorized by law.