§ 225. Supervisor to execute a bond. The supervisor of any town or
ward of any city receiving or disbursing any funds on account of the
bonded railroad debt of said town or ward, before receiving or
disbursing any such funds by virtue of any law of this state, shall
execute to the town a bond with sureties who shall be able to justify in
at least double the amount of the money to be received by him, as near
as can be ascertained, said bond to be approved by the town clerk and
conditioned for the proper and due disbursement of moneys received on
account of bonded railroad debt and the faithful accounting thereof,
which bond when given will be filed with the town clerk.