§ 41-10-105 — Bond or cash deposit required at time of filing of petition; authority of board to require additional bond or deposit

At the time of filing the petition or at any time subsequent
thereto, and prior to the time of hearing on the petition a bond
shall be filed, with security approved by the board of county
commissioners, or a cash deposit made sufficient to pay all
expenses connected with the proceedings in case the organization
of the district be not effected. If at any time during the
proceeding the board of county commissioners shall be satisfied
that the bond first executed or the amount of cash deposit is
insufficient in amount, it may require the execution of an
additional bond or the deposit of additional cash within a time
to be fixed, not less than ten (10) days distant, and upon
failure of the petitioner to execute or deposit the same, the
petition shall be dismissed.