§ 950. Satisfaction of undertaking of collecting officer. Upon the
settlement of the account of taxes of a collecting officer in any city
or town, the county treasurer shall, if requested, and if the collecting
officer has fully paid over or duly accounted for all the taxes which he
was by law to collect, give to such collecting officer or any of his
sureties a written certificate of such settlement, duly acknowledged.
Upon the filing thereof in the office of the clerk where the undertaking
is recorded, the clerk shall enter satisfaction of such undertaking. The
filing of the satisfaction shall discharge the lien of the undertaking
upon the real property of the collecting officer and his sureties, but
in no way shall impair the liability of the collecting officer and his
sureties upon the undertaking for a failure on the part of the
collecting officer to pay over moneys collected by him.