Section 11-43-13
Bonds of certain municipal officers or employees.
All officers or employees handling money or exercising authority over property of municipalities shall, before entering upon the discharge of their duties, give bond, with surety to be approved by the mayor, in such penalty as the council may prescribe, conditioned for the faithful discharge of the duties of his office and faithfully to account for all moneys received.
(Code 1907, §1189; Code 1923, §1905; Code 1940, T. 37, §415.)