Sec. 1087.054. BOND; RECORD OF BOND. (a) Before assuming the duties of office, each director must execute a 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 shall be deposited with a depository bank of the district for safekeeping.
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