Bond; Record of Bond

Tex. Special District Local Laws Code § 1087.054, under Chapter 1087.

Tex. Special District Local Laws Code § 1087.054

Sec. 1087.054. BOND; RECORD OF BOND. (a) Before assuming the duties of office, each director must execute a 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 a director's bond. (c) Each director's bond shall be deposited with a depository bank of the district for safekeeping. Added by Acts 2013, 83rd Leg., R.S., Ch. 112 (S.B. 1026), Sec. 1.01, eff. April 1, 2015.