48-4434. Board; organization; oath; bond A. Not later than thirty days after appointment of the initial board by the governor, and after each election for members of the board, the board shall meet and select a president, vice-president and secretary from its membership. B. Each board member shall qualify by taking and subscribing an official oath of office as prescribed by title 38 and executing a bond to this state in an amount of ten thousand dollars conditioned on the faithful performance of the duties of office.
Arizona Legal Code