(A) A bank account in the name “Town of Lost Creek” shall be opened and maintained in a bond designated by the Council, and it shall be the duty of the Recorder or Clerk to receive all monies received by the town and deposit the same in said bank with reasonable promptness. The Recorder shall pay out monies only for and when required to do so by the Council, and payments shall be made by check only, the same to be properly stubbed when written and signed by the town by the Mayor and Recorder.
(B) The Recorder and Mayor, and all other officers or employees of the town who handle public funds or property, shall give bond as required by the law of this state.
(Prior Code, § 1-601)