Sec. 1054.055. BOND; RECORD OF BOND. (a) Before assuming the duties of office, each director must execute a bond for $5,000 that is: (1) payable to the district; and (2) conditioned on the faithful performance of the director's duties. (b) The board may pay for a director's bond with district money. (c) Each director's bond shall be kept in the district's permanent records.
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