The secretary-treasurer shall, before assuming the duties of office and within 15 days after election, furnish a bond in favor of the tax lagoon, in an amount satisfactory to the lagoon managers and with a surety to be approved by the lagoon managers, conditioned on the faithful performance of duties and for the payment to the secretary-treasurer's successor of all tax lagoon funds. If any person elected secretary-treasurer neglects or refuses to give bond as aforesaid within the time specified, such person's right to hold such office shall be terminated, and the lagoon managers shall call a special meeting of the taxables to elect a new secretary-treasurer who shall give bond and security as provided in this section.
Structure Delaware Code
Chapter 43. DREDGING AND MANAGEMENT OF LAGOONS
Subchapter IV. Powers of Tax Lagoon
§ 4341. Meeting to organize tax lagoon; notice.
§ 4342. Distribution of lagoon order and this chapter; filing of assessment list.
§ 4345. Election of lagoon managers and a secretary-treasurer; terms of office; vacancies.
§ 4346. Chairperson of lagoon managers; duties.
§ 4347. Compensation of lagoon managers and secretary-treasurer.
§ 4348. Annual and other meetings of taxables; notice of meetings.
§ 4349. Meetings of lagoon managers; quorum.
§ 4350. Powers of a tax lagoon.
§ 4351. Duties of lagoon managers.
§ 4352. Duties of secretary-treasurer of tax lagoon.
§ 4353. Bond of secretary-treasurer.
§ 4354. Failure of lagoon officer to perform duties; remedy; removal.
§ 4355. Signatures on instruments issued by tax lagoon.