2006 Nebraska Revised Statutes - § 77-2303 — State funds; depositories; bond required; approval; conditions.

Section 77-2303
State funds; depositories; bond required; approval; conditions.

For the security of funds deposited under the provisions of sections 77-2301 to 77-2309, the State Treasurer shall require all such depositories to give bond for the safekeeping of payments of such deposits. The officers of the bank seeking to qualify as a depository shall be ineligible to sign the bond provided for under this section. The bond shall run to the people of the State of Nebraska, and shall be approved by the Governor, Secretary of State and Attorney General. No bond shall be valid unless approved by all three of the above-named officers. The bond shall be conditioned that the depository shall at the end of each and every month render to the State Treasurer a statement in duplicate showing the daily balance and the amount of money of the state held by it during the month, and for the payment of the deposit when demanded by the treasurer on his check at any time, and generally to do and perform whatever may be required by the provisions of this article and a faithful discharge of the trust reposed in such depository.

Source:

Laws 1891, c. 50, § 3, p. 348

Laws 1897, c. 23, § 2, p. 188

Laws 1899, c. 74, § 1, p. 321

Laws 1905, c. 151, § 1, p. 595

Laws 1907, c. 142, § 1, p. 450

Laws 1909, c. 139, § 1, p. 493

R.S.1913, § 6657

C.S.1922, § 6188

Laws 1927, c. 34, § 1, p. 153

C.S.1929, § 77-2503

Laws 1931, c. 135, § 1, p. 376

Laws 1933, c. 147, § 1, p. 564

Laws 1935, c. 152, § 2, p. 560

C.S.Supp.,1941, § 77-2503

Annotations:

Bond is a continuing liability. Certification of check of outgoing treasurer is not a redeposit. Hall County v. Thomssen, 63 Neb. 787, 89 N.W. 393 (1902).

~Reissue Revised Statutes of Nebraska