[1792-37.] 

pesos. 

SECTION 402 . Amount of Insurance — How Fixed. — The Governor-General shall fix the amount of insurance to be carried on the Insular Treasurer and Assistant Insular Treasurer. The like duty shall be performed, as regards other officers, by the Insular Audit or, who shall keep a record of all officers insured in the fidelity fund. 

[1739-12; 1792-16.] 

SECTION 403 . Extent of Liability and Conditions of Insurance . — An officer whose fidelity is insured under the provisions hereof shall, from the moment he assumes the duties of office, be considered bonded to the Government of the Philippine Islands, for t he benefit of whom it may concern, for the faithful performance of all duties now or hereafter imposed by law upon them, and for the faithful accounting for all public funds and public property coming into their possession, custody, or control by appropria tion, collection, transfer, or otherwise, as well as for the lawful payment, disbursement, expenditure, or transfer of all such public funds or property in their possession or custody or under their control as accountable or responsible officers. EaHIDC 

[1739-6; 2436-8.] 

SECTION 404 . Notification of Officer's Accession to Bondable Office-Treasurer's Record of Bonded Officers . — The chief of a Bureau or Office to which any bonded position pertains shall, upon the appointment or lawful accession of any person thereto, at onc e notify the Insular Treasurer. Similar notification shall be given in case of any change or vacancy occurring in such position. In the provinces this duty shall be performed by the provincial treasurers for all bonded positions under both the provincial a nd municipal governments, separately or jointly; in cities incorporated under special charters the duty shall be performed by the chief executive officer thereof. Such notification shall be in such form and contain such information as the Insular Treasurer  shall require. caIETS 

[1739-7, 8.] 

Upon receiving notification, the Insular Treasurer shall place the name of the officer so certified upon a record of bonded officers to be kept by him and shall notify the chief of Bureau or head of Office of such action. 

[1739-5, 7.] 

