§1661.  Compensation and bond

The police jury shall fix the compensation and amount of bond to be furnished by the parish treasurer.  The bond shall be recorded in the mortgage book of the parish and shall have the effect of a mortgage on all the property of the principal.  When the parish treasurer produced his quietus, showing that he has accounted for all the funds and property in his possession, he may have his bond canceled and the mortgage resulting from its inscription erased.