(a) Each director shall execute a good and sufficient commercial bond for $1,000 that is:(1) payable to the district; and(2) conditioned on the faithful performance of the director's duties.(b) The district shall pay for a director's bond.(c) Each director's bond and constitutional oath or affirmation of office shall be deposited with the district's depository bank for safekeeping. Added by Acts 2009, 81st Leg., R.S., Ch. 1139 (H.B. 2619), Sec. 1.01, eff. April 1, 2011.
Texas Legal Code