The petition shall be accompanied by a good and sufficient bond with sureties to be approved by the said board of county commissioners in a penal sum double the amount of the probable cost of organizing said district, conditioned for the payment of all costs incurred in said proceedings in case said organization shall not be effected.
Source: L. 11: p. 312, § 3. C.L. § 2109. CSA: C. 57, § 3. CRS 53: § 47-1-3. C.R.S. 1963: § 47-1-3.