Section 13-341. Prohibition upon trustees and employees  


Latest version.
  • Except as provided
      in this subchapter, the trustees and employees assigned to the board are
      prohibited from having any interest,  directly  or  indirectly,  in  the
      gains  or  profits  of  any  investment  of the pension fund or as such,
      directly or indirectly, from receiving any pay or  emolument  for  their
      services.  The  trustees and such employees, directly or indirectly, for
      themselves or as agents or partners of others, shall not borrow  any  of
      its  funds or deposits or in any manner use the same except to make such
      current and necessary payments as are  authorized  by  such  board;  nor
      shall any such trustee or any such employee become an indorser or surety
      or  become  in any manner an obligor for moneys loaned by or borrowed of
      such pension fund.