All officers or employees of the board handling money or exercising authority over property of the municipality shall, before entering upon the discharge of their duties, give bond with some surety company authorized to do business in the State of Alabama, as surety and payable to the municipality, to be approved by the board, in such penalty as the board may prescribe, conditioned for the faithful discharge of the duties of his office or employment, and faithfully to account for all moneys received or property coming into his possession in the capacity of his employment.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 50 - Public Utilities.
Article 15 - Electric Utility Boards.
Section 11-50-491 - Qualifications of Members.
Section 11-50-492 - Election of Members; Filling of Vacancies.
Section 11-50-494 - Chairman; Secretary.
Section 11-50-495 - Compensation.
Section 11-50-496 - Meetings; Record of Proceedings.
Section 11-50-497 - Powers and Duties Generally.
Section 11-50-498 - Impeachment and Removal.
Section 11-50-499 - Bonds of Officers and Employees.
Section 11-50-500 - Examination of Books and Accounts.
Section 11-50-501 - Annual Report.
Section 11-50-502 - Expenditures for New Construction, Additions, or Replacements.
Section 11-50-503 - Segregation and Withdrawal of Funds.
Section 11-50-504 - Deposit and Distribution of Money Received From Use of Electric System.
Section 11-50-505 - Bond or Securities of Depository.
Section 11-50-506 - Effect of Chapter on Existing Laws, Etc.