Alabama § 11-50-499 Bonds of Officers and Employees

Alabama Statutes

§ 11-50-499 — Bonds of Officers and Employees

Alabama·Title 11 Counties and Municipal Corporations·Ch. 50 Public Utilities·Art. 15 Electric Utility Boards

All officers or employees of the board handling money or exercising authority over property of the municipality shall, before entering upon the discharge of their duties, give bond with some surety company authorized to do business in the State of Alabama, as surety and payable to the municipality, to be approved by the board, in such penalty as the board may prescribe, conditioned for the faithful discharge of the duties of his office or employment, and faithfully to account for all moneys received or property coming into his possession in the capacity of his employment.

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All officers or employees of the board handling money or exercising authority over property of the municipality shall, before entering upon the discharge of their duties, give bond with some surety company authorized to do business in the State of Alabama, as surety and payable to the municipality, to be approved by the board, in such penalty as the board may prescribe, conditioned for the faithful discharge of the duties of his office or employment, and faithfully to account for all moneys received or property coming into his possession in the capacity of his employment.

Alabama § 11-50-499 (Bonds of Officers and Employees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.