61.26 Treasurer.

188 words·~1 min read·/wi/chapter-61/61-26-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

61.26 Treasurer. The village treasurer shall:

(1)If required to do so by the village board, execute and file an official bond which may be furnished by a surety company as provided by s. 632.17

(2). If the village board does not require the treasurer to execute and file an official bond, the board shall obtain a dishonesty insurance policy or other appropriate insurance policy that covers the treasurer, in an amount determined by the board, in lieu of the bond requirement.

(2)Except as provided in s. 66.0608

(3m), receive all moneys belonging or accruing to the village or directed by law to be paid to the treasurer.

(3)Except as provided in s. 66.0608

(3m), deposit upon receipt the funds of the village in the name of the village in the public depository designated by the board. Failure to comply with this subsection shall be prima facie grounds for removal from office. When the money is deposited, the treasurer and bonders are not liable for the losses defined by s. 34.01

(2), and the interest shall be paid into the village treasury.