Sec. 8240.024. INITIAL ELECTED DIRECTORS; TERMS. The directors elected under Section 8240.023 shall draw lots to determine which two shall serve until the first regularly scheduled election of directors and which three shall serve until the second regularly scheduled election of directors. Added by Acts 2007, 80th Leg., R.S., Ch. 1124 (H.B. 4017), Sec. 1, eff. September 1, 2007. SUBCHAPTER B. BOARD OF DIRECTORS