(1) Each director, before entering upon his official duties, shall take and subscribe to an oath that he will honestly, faithfully and impartially perform the duties of his office, and that he will not be interested in any contract let for the purpose of carry ing out any of the provisions of KRS 104.450 to 104.680. The oath shall be filed with the clerk of the county represented by the director or of the county in which is located the city represented by the director. (2) Each director shall give a good and suf ficient bond, to be approved by the officer appointing him, for the faithful and honest performance of his duties and as security for all moneys coming into his hands or under his control. The cost of the bond shall be paid by the district.
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