291.2 - BONDS OF SECRETARY AND TREASURER.
291.2 BONDS OF SECRETARY AND TREASURER. The secretary and treasurer, within ten days after appointment and before entering upon the duties of the office, shall execute to the school corporation a surety bond in an amount sufficient to cover current operations as determined by the board. All such bonds shall be continued to the faithful discharge of the duties of the office. The amount and sufficiency of all surety bonds shall be determined and approved by the board and shall be filed with the president. The cost of the surety bond shall be paid by the school corporation. If a single person serves as secretary and treasurer, pursuant to section 279.3 or 260C.12, only one bond is necessary for that person. The secretary and treasurer may give bond under a single bond covering other employees of the district.
Section History: Early Form [C51, § 1144; R60, § 2037; C73, § 1731; C97, § 2760; C24, 27, 31, 35, 39, § 4305; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 291.2; 82 Acts, ch 1012, § 2, ch 1086, § 2]
Section History: Recent Form 93 Acts, ch 127, § 6 Referred to in § 260C.12, 279.3