§ 39A-5. Powers and authority of Commissioners.

The Commissioners shall have the following powers and authority:

A. 

Subject to the approval of the Mayor and Council, to employ necessary clerical assistants whose compensation shall be fixed and paid by the Borough Council in the same manner as that of other employees.

B. 

Subject to the control of the Mayor and Council, to invest the fund and all additions and accretions therefrom in such securities that may be readily sold for cash, for the payment of the losses suffered upon any of the property of the municipality designated as having been covered by the insurance fund. The Commissioners shall not invest the fund in any security other than those investments customarily made by the Borough of Paulsboro with other funds.

C. 

To perform such other functions and duties as delegated to them by state statute and by the terms and provisions of this ordinance.