141.740. Commissioner and employees of the board of land trustees--duties, compensation--bond (first class charter counties).

MISSOURI STATUTES AND CODES

141.740. Commissioner and employees of the board of land trustees--duties, compensation--bond (first class charter counties).

Commissioner and employees of the board of land trustees--duties,compensation--bond (first class charter counties).

141.740. 1. The board of land trustees may appoint a landcommissioner and such other employees and the attorneys that arerequired who are deemed necessary to carry out theresponsibilities and duties herein imposed and may set thesalaries and employee benefits and such other reasonable andproper costs and expenses as are related thereto.

2. The land commissioner shall furnish a surety bond at theexpense of the land trust in a penal sum of not less than tenthousand dollars, to be approved by the land trustees,conditioned to guarantee the faithful performance of his duties.The bond shall be filed with the county clerk of the county.

3. The land commissioner, who shall be a person experiencedin the management and sale of real estate, shall be executiveofficer and administrator of the land trust and shall manage allof its business, under the supervision, direction and control ofthe trustees.