Sec. 7807.053. DIRECTOR'S BOND. (a) Each director shall qualify by giving bond in the amount of $5,000 for the faithful performance of the director's duties.
(b) The bond must be:
(1) approved by the board; and
(2) recorded in the official bond records of the county clerk of Dallas County.
(c) Each director shall file the bond as soon as practicable after the director's appointment.
Added by Acts 2011, 82nd Leg., R.S., Ch. 70 (S.B. 1147), Sec. 1.02, eff. April 1, 2013.
Structure Texas Statutes
Special District Local Laws Code
Title 6 - Water and Wastewater
Subtitle E - Levee Improvement Districts
Chapter 7807 - Valwood Improvement Authority of Dallas County, Texas
Subchapter B. District Administration
Section 7807.051. Composition of Board; Terms
Section 7807.052. Qualifications for Office
Section 7807.053. Director's Bond
Section 7807.054. Board Vacancy
Section 7807.055. Officers and Assistants
Section 7807.056. Secretary's Duties
Section 7807.057. Compensation