1923_public local laws_577_10
CHAPTER 580 AN ACT TO FIX THE SALARIES OF THE SHERIFF, CLERK OF THE SUPERIOR COURT, REGISTER OF DEEDS, COUNTY SUPERINTENDENT, AND TO ABOLISH THE OFFICE OF COUNTY TREASURER OF ALEXANDER COUNTY. The General Assembly of North Carolina do enact:
That such bank or banks acting as financial agent for said county shall execute a bond, to be approved by the said board of county commissioners (not to exceed the bond required by law for the treasurer), for the faithful accounting for any and all funds deposited with it, and conditioned as now provided by law for the faithful accounting by the county treasurer: Provided, that said bank or banks shall be selected for a period of two years, unless some good grounds as to the financial condition of said bank or banks shall in the opinion of said commissioners warrant them to designate some other bank or banks; that such bank or banks so selected shall keep an accurate account of all moneys deposited with it, and shall keep separate accounts of the school funds, and any other funds as required by the saaid board of county commissioners, which said fund shall be paid out by said bank or banks upon the proper warrant that is now or may hereafter be provided by law in like manner as if the same was on deposit by regular depositing customer on funds subject to check. The said board may appoint one bank treasurer of the general fund and another bank treasurer of the school fund.