The board shall require the treasurer, or the officer in whose hands the funds of the University may be placed, to give bond in the sum of $ 50,000, payable to the Commonwealth, with condition for the faithful discharge of the duties of his office, which bond being approved by the board and entered at large on its journal, shall be transmitted to the Comptroller, and remain filed in his office.

History

Code 1919, § 866; 1970, c. 98.