Paying or securing damages.

The amount of damages or compensation finally determined in favor of any claimant shall be paid in the first instance by the parties benefited by the said improvement, or secured by bond in the amount of such damages and compensation with sureties approved by the auditor. [S13, §1989-a7; C24, 27, 31, 35, 39, § 7456; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §455.37 ] 89 Acts, ch 126, §2 CS89, §468.31