Sec. 5004.054. BOND. (a) Before assuming the director's duties, each director shall execute a good and sufficient bond in the amount of $1,000, payable to the county judges of Harrison and Marion Counties, for the use and benefit of the district conditioned on the faithful performance of the director's duties.
(b) The district shall pay the cost of the bond.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.04, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Subtitle A - Navigation Districts and Port Authorities
Chapter 5004 - Cypress Valley Navigation District
Subchapter B. Board of Directors
Section 5004.051. Composition of Board; Terms
Section 5004.052. Qualifications for Office
Section 5004.053. Appointment of Directors
Section 5004.055. Filing of Oath
Section 5004.057. Compensation; Expenses