Sec. 1055.054. BOND; RECORD OF BOND AND OATH OR AFFIRMATION. (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) The district shall pay for the directors' bonds.
(c) Each director's bond and the constitutional oath or affirmation of office shall be deposited with the district's depository bank for safekeeping.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Hospital Districts
Chapter 1055 - Marion County Hospital District
Subchapter B. District Administration
Section 1055.051. Board Election; Term
Section 1055.052. Notice of Election
Section 1055.053. Qualifications for Office
Section 1055.054. Bond; Record of Bond and Oath or Affirmation
Section 1055.055. Board Vacancy
Section 1055.056. Director Rights and Responsibilities
Section 1055.058. Compensation; Expenses
Section 1055.059. Voting Requirement