SECTION 71. Prudential committee; selection; duties; treasurer; bond; duties

Such districts shall choose a prudential committee, which shall expend, for the purposes prescribed by the district, the money so raised or borrowed, and shall choose a treasurer, who shall give bond for the faithful performance of his official duties in a sum and with sureties approved by the prudential committee. He shall receive all money belonging to the district, and shall pay over and account for the same according to its order or that of the prudential committee.