The clerk-treasurer shall, subject to direction of the administrator, be the custodian of all municipal funds, and shall receive all fines, taxes, license fees, assessments and other money due and payable to the municipality unless hereinafter otherwise provided, and shall take official custody and responsibility for the same. The clerk-treasurer shall promptly deposit all municipal funds so received to the account in such depositories as the administrator shall direct. (Prior code § 1-4-35)