§ 229. Penalty of bond to be fixed by town auditors. The board of town
auditors shall meet for the purpose of fixing the penalty of the bond of
said supervisor, as provided in section two hundred and twenty-seven of
this article, at the office of the town clerk within ten days after the
town meeting at which the resolution hereinbefore provided for was
passed, upon a day to be fixed by said town clerk, whereof each member
of said board shall be notified by said clerk either personally or by
mail, at least three days before the time fixed for said meeting. In
fixing the penalty of the bond to be given by said supervisor under the
provisions of section two hundred and twenty-seven of this article, said
board of town auditors shall take into consideration the amount of
moneys likely to come into the hands of such supervisor by reason of the
additional duties imposed upon him by this article. Hereafter, in a
town in which the duties of railroad commissioner have been transferred
to the supervisor, the general bond given by such officer, conditioned
to safely hold and pay over all moneys coming into his hands and
belonging to said town, shall be deemed to include and be a security for
the payment over of all moneys coming into the hands of such supervisor
under and by reason of the provisions of this article.