§ 82-865. Surplus funds and revenue of district - Deposit - Disbursement of district funds - Official bonds.

The surplus funds and revenues of the district shall be deposited in interest bearing accounts yielding a rate of return at least equal to that earned by the Treasurer of the State of Oklahoma on like amounts invested for the same period.  In addition, the surplus funds and revenues of the district shall be deposited in accordance with Section 870 of this title and any bond resolutions issued thereunder.  The money of the district shall be disbursed only on check, drafts, orders or other instruments signed by such persons as shall be authorized to sign the same by the bylaws or resolution concurred in by not less than four directors; such persons may execute or cause to be executed checks with a facsimile signature in lieu of their manual signatures.  The general manager, the treasurer and all other officers, agents and employees of the district who shall be charged with the collection, custody or payment of any funds of the district shall give bond conditioned on the faithful performance of their duties and an accounting for all funds and property of the district coming into their respective hands, each of which bonds shall be in form and amount and with a surety, which shall be a surety company authorized to do business in the state, approved by the Board, and the premiums on such bonds shall be paid by the district and charged as an operating expense.

Laws 1935, p. 353, § 5; Laws 1947, p. 624, § 2; Laws 1957, p. 565, § 2; Laws 1970, c. 263, § 3, emerg. eff. April 23, 1970; Laws 1981, c. 204, § 12, emerg. eff. May 26, 1981.