Liability of treasurer for failure to settle

Sec. 4. If a county treasurer fails to make a semi-annual settlement with the auditor of his county or to pay over the money due the county, the county auditor shall notify the county prosecuting attorney who shall bring a suit upon the bond of the county treasurer. The county treasurer and his sureties are liable in an amount equal to one hundred ten percent (110%) of the taxes and other charges for which the treasurer fails to make a settlement or pay over. [Pre-1975 Property Tax Recodification Citation: 6-1-59-2.] Formerly: Acts 1975, P.L.47, SEC.1.