(HB 1078)
Bond requirements changed for township clerks and treasurers.
Section
1.
That
§
8-6-1
be amended to read as follows:
8-6-1.
Any person elected or appointed to the office of township clerk shall, before the person
enters the office and within the time prescribed by law for filing the oath of office, execute a bond,
conditioned upon the faithful discharge of the duties of the office,
with a surety company
authorized to conduct business in this state and
paid for by the township
, and with a surety
company authorized to conduct business in this state or through a pool arrangement as provided
in
§
§
1-24-11 to 1-24-17, inclusive
. The bond shall be for an amount set by and approved by the
board of county commissioners and filed in the office of the county auditor.
Section
2.
That
§
8-7-1
be amended to read as follows:
8-7-1.
Any person elected or appointed to the office of township treasurer, before the person
enters the office, shall give to the county a bond, conditioned upon the faithful discharge of the
duties of the office,
executed by a surety company authorized to do business in this state and
paid
for by the township
, and with a surety company authorized to conduct business in this state or
through a pool arrangement as provided in
§
§
1-24-11 to 1-24-17, inclusive
. The bond shall be for
an amount set by and approved by the board of county commissioners and filed in the office of the
county auditor. The bond shall be set for an amount approximately equal to the sum of money that
the treasurer is expected to receive in any one fiscal year.