360.035. Bond required, amount of. - Missouri Statutes

Bond required, amount of.

360.035. Each member of the authority shall execute a suretybond in the penal sum of fifty thousand dollars or, in lieuthereof, the chairman of the authority shall execute a blanketbond covering each member and the employees or other officers ofthe authority, each surety bond to be conditioned upon thefaithful performance of the duties of the office or officescovered, to be executed by a surety company authorized totransact business in this state as surety, and to be approved bythe attorney general and filed in the office of the secretary ofstate. The cost of each such bond shall be paid by theauthority.

(L. 1975 H.B. 70 § 5)