Texas Special District Local Laws Code § 1113.055 Bond; Record Of Bond And Oath

Sec. 1113.055. BOND; RECORD OF BOND AND OATH. (a) Each director shall execute a good and sufficient bond for $1,000 that is:

(1) payable to the district; and

(2) conditioned on the faithful performance of the director's duties.

(b) Each director's bond and constitutional oath of office shall be deposited with the district's depository bank for safekeeping.

Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.

Section: Previous  1113.003  1113.004  1113.005  1113.051  1113.052  1113.053  1113.054  1113.055  1113.056  1113.057  1113.058  1113.059  1113.060  1113.061  1113.062  Next

Last modified: September 28, 2016