48-1745 - Arizona Statutes

48-1745. Bonds and oath of directors A. Each member of the board of directors shall execute to the district a bond conditioned upon the faithful performance of his duties, and that he account and deliver to the proper officers any money which comes into his possession. B. The bond shall be in the amount of one thousand dollars, shall be approved by the board of supervisors of the county in which the district was organized and shall be filed with the clerk of the board of directors. C. Upon subscribing to an oath of office prepared on the bond a member shall be fully qualified to act as a director in transacting the business of the district.