The board shall select one of its members to serve as treasurer. The treasurer shall give a surety bond in an amount fixed by the board and the premium on the bond shall be paid by the authority as a necessary expense. HISTORY: 1962 Code Section 54-4; 1952 Code Section 54-4; 1942 (42) 1535; 2009 Act No. 73, Section 1, eff June 16, 2009.
South Carolina Legal Code