236.44  Bidders to give security.--The school board may require of all bidders for said bonds that they give security by bond or by a deposit to said school board that the bidder shall comply with the terms of the bid, and any bidder whose bid shall be accepted shall be liable to the school board for all damages on account of the nonperformance of the terms of such bid or to a forfeiture of the deposit required by said school board.