43-117 — TREASURER'S OFFICIAL BONDS


                                  TITLE  43
                             IRRIGATION DISTRICTS
                                  CHAPTER 1
                           ORGANIZATION OF DISTRICT
    43-117.  TREASURER'S OFFICIAL BONDS. The treasurer shall on his
appointment execute and file with the secretary an official bond in such
amount as may be fixed by the board of directors of the district, which shall
not be less than $5000; and shall thereafter from time to time execute and
file such further bonds as may be required by said board in amounts fixed by
it, which amounts shall be of at least fifty per cent (50%) of the maximum
probable amount of money in the treasurer's hands at any one time. All such
official bonds shall be executed by a lawfully qualified surety company.