Section 2122. Powers and duties of district treasurer in common school district

1. The treasurer of a school  district  shall  be  the  chief  accounting  officer  and  the  custodian  of all moneys belonging to the
  district from whatever source derived, and it is hereby made the duty of
  the trustees of such district to pay  to  such  treasurer  any  and  all
  moneys that may come into their hands belonging to such district derived
  from  sales of personal or real property of the district, from insurance
  policies, from bonds of the district issued and sold by  them,  or  from
  any other source whatever.
    2.  Such  treasurer is hereby authorized and empowered to receive from
  the collector of such district all moneys collected  by  such  collector
  under  and by virtue of any tax list and warrant issued and delivered to
  him.
    3. Such treasurer is hereby authorized and  empowered  to  demand  and
  receive  from  the  county  treasurer of the county in which such school
  district is situated all public money apportioned to said district.
    4. It shall be the duty of such treasurer  before  entering  upon  the
  discharge  of  his duties to execute and deliver to the trustees of such
  district, his official undertaking in such sum as shall have been  fixed
  by  a  district  meeting  or  as  such trustees with the approval of the
  district superintendent of  schools  shall  require,  with  a  corporate
  surety   to   be   approved   by  such  trustees  and  by  the  district
  superintendent of  schools,  conditioned  to  faithfully  discharge  the
  duties  of  his  office,  and  to  well and truly account for all moneys
  received by him, and to pay over any sums  of  money  remaining  in  his
  hands  to  his  successor  in  office. Such official undertaking when so
  executed and approved by resolution of such trustees shall be filed with
  the clerk of the district.  The  expense  of  any  undertaking  executed
  pursuant to this section shall be a school district charge.
    5.  No moneys shall be paid out or disbursed by such treasurer, except
  upon the written orders  of  a  sole  trustee,  or  a  majority  of  the
  trustees.
    6. Such treasurer shall, whenever required by such trustees, report to
  them  a  detailed  statement  of  the  moneys received by him and of his
  disbursements, and at the annual  meeting  of  such  district  he  shall
  render  a  full  account  of  all  moneys  received by him and from what
  source, and when received, and all disbursements made by him and to whom
  and the dates of such disbursements respectively,  and  the  balance  of
  moneys remaining in his hands.