42-1309. COLLECTION AND DISBURSEMENT OF FUNDS. (1) A lateral water users' association's lateral manager or secretary-treasurer shall collect all assessments made to the association and shall deposit the same into an account that is in the name of the association. (2) The secretary-treasurer shall: (a) Keep the funds of the association in the account and pay the costs and expenses for the management and operation of the laterals; and (b) Upon the order of the association's board of directors, perform other duties as the association may prescribe.