Page:United States Statutes at Large Volume 61 Part 1.djvu/671

 647 61 STAT.] 80TH CONG. , 1ST SESS.-CH. 390-JULY 30, 1947 of the House of Representatives, and the Sergeant at Arms of the House of Representatives, shall be placed in the custody of the Secre- tary of the Treasury and filed as he may direct; and the duties required by law on March 2, 1895, of the Comptroller of the Treasury in regard to such bonds, as the successor of the Commissioner of Customs and First Comptroller of the Treasury, shall be performed by the Secretary of the Treasury. EXAMINATION AS TO SUFFICIENCY OF SURETIES § 2. Every officer required by law to take and approve official bonds shall cause the same to be examined at least once every two years for the purpose of ascertaining the sufficiency of the sureties thereon; and every officer having power to fix the amount of an official bond shall examine it to ascertain the sufficiency of the amount thereof and approve or fix said amount at least once in two years and as much oftener as he may deem it necessary. RENEWAL; CONTINUANCE OF LIABILITY § 3. Every officer whose duty it is to take and approve official bonds shall cause all such bonds to be renewed every four years after their dates, but he may require such bonds to be renewed or strengthened oftener if he deem such action necessary. In the discretion of such officer the requirement of a new bond may be waived for the period of service of a bonded officer after the expiration of a four-year term of service pending the appointment and qualification of his successor. The nonperformance of any requirement of the provisions of sections 1 to 3 of this title, or of that part of section 27 of title 19 relating to transmitting copies of oaths to the Secretary of the Treasury, on the part of any official of the Government shall not be held to affect in any respect the liability of principal or sureties on any bond made or to be made to the United States. The liability of the principal and sureties on all official bonds shall continue and cover the period of service ensuing until the appointment and qualification of the suc- cessor of the principal. Nothing in said sections shall be construed to repeal or modify section 38 of title 39: Provided,That the payment and acceptance of the annual premium on corporate surety bonds furnished by postal officers anllemployees, offices all( employees of other civilian agencies of the United States and bolded officers anl enlisted men of the Army, Navy, Marine Corps, and Coast CGuard shall be a compliance with the requirement for the renewal of such bonds within the meaning of sections 1 to 3 of this title. NOTICE OF DELINQUENCY OF PRINCIPAL § 4. Whenever any deficiency shall be discovered in the accounts of any official of the United States, or of any officer disbursing or chargeable with public money, it shall be the duty of the accounting officers making such discovery to at once notify the head of the depart- ment having control over the affairs of said officer of the nature and amount of said deficiency, and it shall be the immediate duty of said head of department to at once notify all obligors upon the bond or bonds of such official of the nature of such deficiency and the amount thereof. Said notification shall be deemed sufficient if mailed at the post office in the city of Washington, District of Columbia, addressed to said sureties respectively and directed to the respective post offices where said obligors may reside, if known; but a failure to give or mail such notice shall not discharge the surety or sureties upon such bond.

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