The Governor, at all times when, in the Governor’s opinion, the security or securities of the state treasurer have or are likely to become invalid or insufficient, shall demand and require the state treasurer forthwith to renew the bond to the state, in the amount and according to the form prescribed in Code Sections 50-5A-2 through 50-5A-4, and in case of neglect or refusal by any state treasurer to give bond, with security or securities, within ten days after the same is demanded and required by the Governor, such neglect or refusal shall be a disqualification under the law and shall create a vacancy in the office of the state treasurer. The State Depository Board shall forthwith appoint a fit and proper person to fill the vacancy occasioned thereby; and the appointee shall give bond and security in the same manner and upon the same terms as prescribed for the state treasurer.
History. Ga. L. 1876, p. 126, § 6; Code 1882, § 91d; Civil Code 1895, § 192; Civil Code 1910, § 221; Code 1933, § 40-1004; Ga. L. 1972, p. 1015, §§ 408, 408B, 2102, 2104; Code 1981, § 50-5-6; Ga. L. 1982, p. 3, § 50; Code 1981, § 50-5A-5 , as redesignated by Ga. L. 1993, p. 1402, § 2; Ga. L. 2010, p. 863, § 1/SB 296.
Structure Georgia Code
Chapter 5A - Office of State Treasurer
§ 50-5A-1. Office of the State Treasurer Created; State Treasurer Appointed
§ 50-5A-2. State Treasurer Required to Give Bond; Conditions
§ 50-5A-3. Property of State Treasurer Liable for Faithful Performance; Lien in Favor of State
§ 50-5A-4. Bond to Be Recorded and Filed
§ 50-5A-6. Execution Instanter Against State Treasurer When Liable to State
§ 50-5A-7. Duties of Office of the State Treasurer Generally; Investments Through Treasurer
§ 50-5A-8. State Government Expenses to Be Paid by Governor’s Warrant Drawn on Appropriations
§ 50-5A-9. Assignment to Department of Administrative Services for Administrative Purposes