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Secretary, oath, bond - 74 Pa. Cons. Stat. § 1716

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     § 1716.  Secretary, oath, bond.
        The board shall appoint a secretary who shall not be a member
     of the board to hold office at the pleasure of the board and
     shall fix his duties and compensation. The secretary shall not
     be engaged in any other business or employment during his tenure
     of office as secretary of the board. Before entering upon the
     duties of the office of secretary, he shall take and subscribe
     the constitutional oath of office. Officers and employees of the
     authority and those members of the board as the board may
     determine shall execute corporate surety bonds conditioned upon
     the faithful performance of their respective duties. A blanket
     form of surety bond may be used for this purpose if the board
     deems this procedure to be practical and prudent. The obligation
     of the sureties shall not extend to any loss sustained by the
     insolvency, failure or closing of any national or state bank,
     bank and trust company or trust company wherein funds of the
     authority have been deposited if the bank, bank and trust
     company or trust company has been approved by the board as a
     depository for these funds. The oaths of office and the surety
     bond or bonds shall be filed in the principal office of the
     authority.

Last modified: November 27, 2007