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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each director shall qualify by giving bond in the amount of $5,000 for the faithful performance of the director's duties.
(b) The directors' bonds must be recorded in a record kept for that purpose in the district's office.
(c) The treasurer shall give bond in the amount required by the board, conditioned on the treasurer's faithful accounting for all money that comes into the treasurer's custody as district treasurer. (Acts 61st Leg., R.S., Ch. 846, Sec. 10 (part).)
Cite this article: FindLaw.com - Texas Special District Local Laws Code - SDLL § 9061.053. Director and treasurer bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/special-district-local-laws-code/sdll-sect-9061-053/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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