Section 232. Investment and application of award

The amount which shall be
  awarded to any county as provided in section two hundred and  thirty-one
  of  this  chapter, shall be paid to the county treasurer of such county;
  and such county treasurer shall invest or apply the same in  the  manner
  and for the purpose provided by section thirteen of this chapter, except
  that  in  case  such county shall have heretofore paid to any such town,
  village or city, such state taxes or any portion  thereof,  or  in  case
  such  county  treasurer has heretofore set aside such state taxes or any
  portion thereof, for the benefit of such town, village or city,  in  the
  manner  provided  by  said section thirteen of this chapter, then and in
  that case, such moneys or the portion thereof so paid or  set  aside  as
  aforesaid,  shall  be  used and applied by such county treasurer for the
  general purposes of the county.