249.200. Trustees to furnish bonds. - Missouri Statutes

Trustees to furnish bonds.

249.200. All trustees elected for any sewer district formedunder the provisions of sections 249.010 to 249.420 shall furnishbond with good and sufficient sureties in favor of the districtfor the faithful accounting for all funds under their control.Said bond to be satisfactory to and to be approved by the circuitcourt; such bond shall be in the sum of not less than tenthousand dollars for each trustee. Each treasurer of a board oftrustees of any district under sections 249.010 to 249.420 shall,before taking custody of any funds of the district also furnish abond with good and sufficient sureties in favor of the districtin such sum as may be determined from time to time by the boardof trustees, depending upon the amount in the custody of thetreasurer; such bond shall be satisfactory to and approved by thecircuit court; such treasurer shall not expend or pay out any sumof money belonging to the district except upon warrants drawn andauthorized by the board of trustees. The premiums on bonds aboverequired shall be paid out of funds in the hands of the board oftrustees and shall be regarded as expense of said board.

(RSMo 1939 § 12673)