§ 2122. Powers and duties of district treasurer in common school
district. 1. The treasurer of a school district shall be the chief
accounting officer and the custodian of all moneys belonging to the
district from whatever source derived, and it is hereby made the duty of
the trustees of such district to pay to such treasurer any and all
moneys that may come into their hands belonging to such district derived
from sales of personal or real property of the district, from insurance
policies, from bonds of the district issued and sold by them, or from
any other source whatever.

2. Such treasurer is hereby authorized and empowered to receive from
the collector of such district all moneys collected by such collector
under and by virtue of any tax list and warrant issued and delivered to
him.

3. Such treasurer is hereby authorized and empowered to demand and
receive from the county treasurer of the county in which such school
district is situated all public money apportioned to said district.

4. It shall be the duty of such treasurer before entering upon the
discharge of his duties to execute and deliver to the trustees of such
district, his official undertaking in such sum as shall have been fixed
by a district meeting or as such trustees with the approval of the
district superintendent of schools shall require, with a corporate
surety to be approved by such trustees and by the district
superintendent of schools, conditioned to faithfully discharge the
duties of his office, and to well and truly account for all moneys
received by him, and to pay over any sums of money remaining in his
hands to his successor in office. Such official undertaking when so
executed and approved by resolution of such trustees shall be filed with
the clerk of the district. The expense of any undertaking executed
pursuant to this section shall be a school district charge.

5. No moneys shall be paid out or disbursed by such treasurer, except
upon the written orders of a sole trustee, or a majority of the
trustees.

6. Such treasurer shall, whenever required by such trustees, report to
them a detailed statement of the moneys received by him and of his
disbursements, and at the annual meeting of such district he shall
render a full account of all moneys received by him and from what
source, and when received, and all disbursements made by him and to whom
and the dates of such disbursements respectively, and the balance of
moneys remaining in his hands.