Section 17
SEC. 17. Every township officer charged with the custody of public funds or property shall, before entering upon the duties of his office, execute a bond' to the township with two or more sureties, the amount of which bond and the sufficiency of which sureties shall be approved by the president and by the provincial treasurer in writing indorsed thereon, and by the council by a recorded vote. A copy of the bond and the approval of the same shall be spread r upon the minutes of the council. The bond shall be fixed at a penal sum of not less than half of the amount of the aggregate revenue which will probably come info the custody of such officer during the current year, and shall be conditioned for the faithful performance of the duties of the office and the payment as required, by law of all moneys received by such officer for and in behalf of the township. The bond shall be filed in the office of the provincial treasurer, who shall carefully preserve the same. Should suit be brought on this bond, it shall be no defense to those signing the bond that the above requirements for approval have not been complied with, if in fact, by virtue of such bond, the township officer had entered upon the discharge of his official duties. The requirement that township treasurers shall be bonded may be waived by the provincial treasurer in any township where the township treasurer is the deputy of the provincial treasurer; but if the township treasurer is thus relieved by the provincial treasurer of the necessity of giving bond, the latter official shall be liable upon his own bond for the payment as required by law of all moneys received by such township treasurer for and in behalf of the township.