§ 2124. Collector's official undertaking in common school district.
1. It shall be the duty of the collector, before entering upon the
discharge of his duties to execute and deliver to the trustees of the
district, his official undertaking, with a corporate surety, to be
approved by a majority of the trustees and by the district
superintendent of schools, in such amount as the district meeting shall
have fixed, or if such meeting shall not have fixed the amount then in
such amount as the trustees with the approval of the district
superintendent of schools shall deem reasonable, conditioned for the due
and faithful execution of the duties of his office and for the proper
accounting for all moneys that may come into the hands of such collector
from any source whatsoever.

2. The trustees, upon receiving said official undertaking, shall, if
they approve thereof, adopt a resolution to that effect, and if the
district superintendent also approve thereof he shall indorse his
approval thereon, whereupon the trustees or the district superintendent
shall forthwith file the same with the clerk of the district. The
expense of any undertaking executed pursuant to this section shall be a
school district charge.