7-3-1306. Division of treasury. (1) There shall be in the department of finance a division of the treasury, the head of which shall be treasurer of the municipality, shall have the powers and perform the duties prescribed for city treasurers and county treasurers by general law, and shall be required to qualify by giving a bond in the same amount required of county treasurers of counties of the same class.
     (2) All money received by an officer or employee of the municipality for or in connection with the business of the municipality shall be paid promptly into the treasury. The commission shall by ordinance provide for the prompt and regular payment of such money into the treasury and shall also, in the manner hereinafter provided, designate the banking institutions with which it shall be deposited.

     History: En. Sec. 49, Ch. 121, L. 1923; re-en. Sec. 5520.49, R.C.M. 1935; R.C.M. 1947, 11-3449.