C-27.1 - Municipal Code of Québec

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194. (Repealed).
M.C. 1916, a. 156; 1928, c. 94, s. 8; 1995, c. 34, s. 33.
194. Such security must be given by the secretary-treasurer within 30 days after his appointment.
The premiums on the guarantee policy, when security is given in this form, as well as the expenses connected with hypothecary security, shall be borne by the municipality.
Nevertheless the lack of security shall in nowise prevent the secretary-treasurer from performing the duties of his office; but those members of the council who permit the secretary-treasurer to act as such without security, become jointly and severally liable with him towards the corporation for the due performance of his duties and for the payment of all moneys for which he may be accountable in the exercise of his office, whether of principal, interest, costs, penalties or damages.
The responsibility referred to in this article is that to which the sureties of the secretary-treasurer oblige themselves jointly and severally with him.
M.C. 1916, a. 156; 1928, c. 94, s. 8.