The general treasurer is hereby empowered, from time to time, to appoint one or more deputies under the general treasurer who shall be engaged to the faithful performance of the deputy’s duties, and shall, before entering the duties of the deputy’s office, give bond to the state with sufficient sureties to the satisfaction of the governor, in the sum of five hundred thousand dollars ($500,000) for the true and faithful performance of the duties of the deputy’s office; which bond shall be deposited with and kept by the secretary of state. The general treasurer shall be liable for any misconduct, neglect, or default of those deputies.
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