79-592 Class V school district; treasurer; bond or insurance; duties. - Nebraska Statutes

79-592. Class V schooldistrict; treasurer; bond or insurance; duties.Thetreasurer of a Class V school district shall receive all taxes of the schooldistrict from the county treasurer. The treasurer of the school district shallattend all meetings of the board of education of the Class V district whenrequired to do so, shall prepare and submit in writing a monthly report ofthe state of the district's finances, and shall pay school money either upon a warrant signed by the president,or in the president's absence by the vice president, and countersigned bythe secretary or upon a checkor other instrument drawn upon bank depository funds of the school district.The treasurer shall also perform such other duties as designated by the boardof education. Before entering into the discharge of his or her duties andduring the entire time he or she so serves, the treasurer shall give bondor evidence of equivalent insurance coverage payable to the board in suchamount as may be required by the board, but in no event less than two hundredthousand dollars, conditioned for the faithful discharge of his or her dutiesas treasurer of the school district, for the safekeeping and proper disbursementof all funds and money of the school district received by the treasurer. Suchbond shall be signed by one or more surety companies of recognized responsibility,to be approved by the board. The cost of the bond or insurance shall be paidby the school district. Such bond or insurance coverage may be enlarged atany time the board may deem an enlargement or additional bond or insurancecoverage to be necessary. SourceLaws 1891, c. 45, § 12, p. 321; Laws 1903, c. 96, § 1, p. 553; R.S.1913, § 7020; C.S.1922, § 6651; C.S.1929, § 79-2714; R.S.1943, § 79-2715; Laws 1947, c. 297, § 1, p. 912; Laws 1949, c. 256, § 260, p. 778; Laws 1996, LB 604, § 9; R.S.1943, (1994), § 79-1004.04; Laws 1996, LB 900, § 345; Laws 2005, LB 380, § 5; Laws 2009, LB392, § 10.AnnotationsThe 1947 amendment to this section was operative prospectively only. School District of Omaha v. Adams, 151 Neb. 741, 39 N.W.2d 550 (1949).