The treasurer of the road district shall be charged with the keeping of all moneys collected on account of the special assessment, interest and penalties, and he shall disburse the same only in payment of the construction costs, apportionment warrants or bonds, as the case may be, or for regular expenses of the district. The treasurer shall be bonded in an amount to be fixed by order entered by the county judge/executive and shall be liable upon his official bond for the safe-keeping of the funds of the district.
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