40:62-105.35 - Custodian of moneys; disbursements; bond of treasurer - New Jersey Statutes

40:62-105.35.  Custodian of moneys;  disbursements;  bond of treasurer
    The district treasurer shall be the custodian of the moneys of the district  and all moneys which the district commissioners are by law authorized to  receive and disburse shall be paid to him and disbursed by him only on the  warrant of the district commissioners signed by a majority thereof.  Such  treasurer shall give to the district the bond of a surety company, authorized  by the Department of Banking and Insurance to do business in this State, in  such sum as the district commissioners shall approve, conditioned for the  faithful discharge of the duties of his office, which bond shall be filed with  the board of water commissioners, the premium thereon to be paid by the  district.

     L.1951, c. 280, p. 966, s. 35, eff. June 25, 1951.