Sec. 3. (a) The issuing officer employed by a township trustee must take an oath for the faithful performance of the duties of the issuing officer’s office.

     (b) The issuing officer must furnish a bond:

(1) payable to the state; and

(2) conditioned upon the faithful performance of the issuing officer’s duties and accurate accounting of all money in the issuing officer’s possession.

     (c) The bond required by subsection (b) must be in a penal sum of not less than the total amount of the revolving money coming into the issuing officer’s possession from all trustees.

     (d) The cost of the bond required by subsection (b) shall be paid by county warrant and charged by the county auditor pro rata against the township assistance accounts of the townships participating in the establishment of the revolving or other fund for the purposes set forth in this chapter.

[Pre-1992 Revision Citation: 12-2-8-3.]

As added by P.L.2-1992, SEC.14. Amended by P.L.51-1996, SEC.69; P.L.73-2005, SEC.89.