§ 181. When collector liable for moneys lost.-If by the neglect of a collector any moneys collectible by him shall be lost to the district, he shall forfeit to the district the amount of the moneys thus lost, and shall account for and pay over the same to the treasurer in the same manner as if it had been actually collected. The treasurer may bring an action to enforce such liability, or if the collector is also treasurer, the action may be brought by the trustee, and any moneys collected by him in such action shall be used for the ordinary expenses of the district. The trustee may also maintain an action on the bond of the collector for such loss, or for any other liability of the district in

curred by him.

[Con. School Law, tit. VII, §§ 87, 88, rewritten and condensed without intended change, except that the provisions permitting the treasurer to commence an action against the collector and where the collector is also treasurer, authorizing the trustee to enforce such liability, are new.]

(Page 62, §§ 87, 88.)

§ 182. Collector's bond.-The collector, within ten days after notice of his election or appointment, shall execute a bond to the trustee or board of education with one or more sureties to be approved by such trustee or board in the amount fixed by a district meeting, but if the amount has not been so fixed, then in such an amount as the trustee or board shall deem reasonable, conditioned for the faithful discharge of the duties of his office. The approval by the trustee or board must be endorsed on the bond, and it shall forthwith be filed in the office of the clerk of

the town in which the collector resides. The clerk shall enter in a book to be kept by him for that purpose, a memorandum show

ing the date of such bond, the names of the parties and sureties thereto, the amount of the penalty thereof and the date and time

of filing it.

[Con. School Law, tit. VII, § 80, and Con. School Law, tit. VIII, § 7, rewritten and condensed without intended change.] (Pages 61, 66, §§ 80, 7.)

§ 183. Treasurer's bond.-The treasurer, within ten days after notice of his election or appointment, shall execute and deliver to the trustee or board of education his bond in such sum as

shall have been fixed by a district meeting, or as such trustee or board shall require, which shall be in a penalty at least double the amount received for the ordinary expenditures of the district during the last preceding school year, with two sureties, approved by the trustee or board, conditioned to faithfully discharge the duties of his office, and to account for all moneys remaining in his hands. Such bond, with the written approval of the trustee or board endorsed thereon or annexed thereto, must be filed in the office of the clerk of the town in which the

principal schoolhouse of the district is situated.

[Con. School Law, tit. VII, part of § 35, rewritten without intended change, except that the section has been extended to apply to treasurers in union school districts, and also by requiring the bond to be filed with the town clerk instead of with the district clerk, as by present law.]

(Page 44, § 35.)

§ 184. Treasurer to be custodian of district moneys.—The district treasurer is the custodian of all moneys belonging to the

district, from whatever source derived, except as provided in

section 743, and is entitled to receive and recover such moneys

payable by any officer or person.

[Con. School. Law, tit. VII, part of § 35, rewritten without intended change.]

(Page 44, § 35.)

§ 185. Disbursement by treasurer; reports.-District moneys can be paid out by the treasurer only on the written order of the trustee. The treasurer shall render to each annual district

meeting an itemized account of all moneys received and disbursed by him. He shall also make a like report to the trustee whenever required by him.

[Con. School. Law, tit. VII, part of § 35, rewritten without intended change.]

(Page 44, § 35.)

§ 186. Application of district money.- District school moneys shall not be used in the payment of the wages of an unqualified teacher. A trustee who directs or consents to such use is guilty of a misdemeanor, and a fine imposed upon him therefor shall be

for the benefit of the district.

[Con. School Law, tit. VII, §§ 39, 40, rewritten and condensed without intended change, except that the provision in § 39, providing that the wages of an unqualified teacher cannot be collected by a district tax, is omitted here, but is included in § 160 of revision.]

(Page 45, §§ 39, 40.)

§ 187. Moneys may be raised by tax or bonds.-A district meeting may determine by resolution that an amount voted for building or purchasing a schoolhouse, or an addition thereto, or for the purchase of other real property, be raised in one tax, or

that the amount be borrowed on the credit of the district, and

bonds or other obligations issued therefor.

[Con. School Law, tit. VII, part of § 18, rewritten without intended change.]

(Page 39, § 18.)

§ 188. Bonds for improvements. If a district meeting has voted that a tax for building a new schoolhouse or building an addition to a schoolhouse, or making additions, alterations and improvements to buildings or structures belonging to the district, or for the purchase of a new site, or for an addition to a site, be collected in installments, the school or municipal authorities shall borrow the money necessary and issue bonds or other evidences of indebtedness therefor, which shall be a charge upon the district and be paid at maturity.

[Con. School Law, tit. VII, part of § 18, and Con. School Law, tit. VIII, part of § 9, rewritten and condensed without intended change.]

(Pages 39, 69, §§ 18, 19.)

§ 189. Sale of district bonds.-Bonds or other obligations of a district shall be signed by the trustee or president of the board of education and the treasurer, and attested by the clerk. They shall become due within twenty years from the date of issue, and, unless the whole amount of the indebtedness represented thereby is to be paid within five years from their date, they shall be so issued as to provide for the payment of the indebtedness in equal annual installments, the first of which shall be payable not more than five years from their date. They shall bear interest at a rate not

exceeding five per centum per annum, and shall be negotiated for not less than their par value. They shall be sold on sealed proposals or at public auction upon notice published in a newspaper actually printed in the district, if any, otherwise in such newspaper as the trustee may designate for that purpose, or they may be sold at private sale, if so determined by a district meeting. A notice of public sale must be posted in three public places in the district at least ten days before the sale, and the bonds or other obligations must be sold to the person who will pay the highest price therefor. They shall be consecutively numbered from one to the highest number issued, and the clerk shall keep a record of the number of each bond or obligation, its date, amount, the rate of interest, when and where payable, and the purchaser thereof or the person to whom they are issued.

The provisions of this section apply to a union school district conterminous with a city or village, except that in such a district the bonds shall be prepared by the board of education, signed by its president and secretary, and delivered to the treasurer of the city or village. He shall countersign the bonds and sell them in the manner above provided. The proceeds shall be credited to the board of education.

[New. Substitute for Con. School Law, tit. VII, § 18, and Con. School Law, tit. VIII, § 9. Rate of interest reduced from 6 to 5 per cent.]

(Pages 39, 69, §§ 18, 9.)