§ 9-4-820 — Deposits by political subdivisions; surety bonds for security; out-of-county banks

(a) For the security of the funds deposited the proper
treasurer shall require all depositories to give surety bonds
for the safekeeping and payment of deposits of public monies and
the interest thereon, which bonds shall:
(i) Run to the proper county, city, town or school
district;
(ii) Be approved as to form and substance by the
proper governing board and legal counsel; and
(iii) Be conditioned:
(A) That the depository shall on the first
Monday of January, April, July and October of each year, render
to the proper treasurer, and to the proper governing board a
statement in duplicate, showing the several daily balances and
the amount of public monies held by it during the preceding
three (3) months, and the amount of the interest thereon, and
how credited; and
(B) For the payment of the deposits, and the
interest accrued thereon when demanded by the proper treasurer
on his check, order or demand at any time.
(b) The surety bond in form and substance shall be
similar, or as near as may be, to the surety bonds required of
state depositories and shall conform with W.S. 9-4-804(c).
(c) The bonds shall be issued and placed with the clerk of
the county, city, town or school district to which the bond is
given.