The state treasurer and the state auditor shall keep their offices at the seat of government of the state. They shall, before entering upon the discharge of their duties, respectively, execute, and deliver to the secretary of state a bond to the state in the sum of three hundred thousand dollars [($300,000)] for the treasurer, and twenty-five thousand dollars [($25,000)] for the auditor, with good and sufficient sureties to be approved by the governor and conditioned for the faithful discharge of the duties required or which may be required of them by law. The approval of the governor and the date thereof shall be endorsed on the bond.

History: Laws 1851-1852, p. 169; C.L. 1865, ch. 102, § 10; C.L. 1884, § 1771; Laws 1891, ch. 27, § 1; C.L. 1897, § 2608; Laws 1905, ch. 69, § 1; Code 1915, § 5327; C.S. 1929, § 134-406; 1941 Comp., § 3-201; 1953 Comp., § 4-4-1.

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.

Cross references. — For terms of office, see N.M. Const., art. V, § 1.

For members of the executive department generally, see N.M. Const., art. V, § 1.

For the qualifications for office, see N.M. Const., art. V, § 3.

For salaries of state officers, see N.M. Const., art. V, § 12 and 8-1-1 NMSA 1978.

For the amount of bond of state treasurer, see 6-10-38 NMSA 1978.

For payment of accounts audited by board of trustees of supreme court law library, see 18-1-6 NMSA 1978.

Am. Jur. 2d, A.L.R. and C.J.S. references. — 72 Am. Jur. 2d States, Territories, and Dependencies §§ 64, 65, 77.

Statutory conditions prescribed for public officer's bond which does not in terms include them, or which expressly excludes them, 109 A.L.R. 501.

Liability of sureties on bond of public officer as affected by fact that it was not signed by him, 110 A.L.R. 959.

Public officer's bond as subject to forfeiture for malfeasance in office, 4 A.L.R.2d 1348.

81A C.J.S. States § 127.