18A:6-58 - Secretary; compensation; term; bond - New Jersey Statutes

18A:6-58.    Secretary; compensation; term; bond 
     The board shall appoint a suitable person to be its secretary and shall fix his compensation and term of employment.  The secretary shall before entering upon the duties of his office execute and deliver to the board a bond in a sum to be fixed by it, with surety to be approved by the board, conditioned for the faithful performance of the duties of his office.  The board may accept the bond of a company authorized to execute surety bonds, and may pay the annual premium or fee for the bond as a commission expense. 

    L.1968, c.243, s.8; amended 1989,c.254,s.8.