Section 73-21-11 - Board of directors; qualification; bond. - New Mexico Statutes

73-21-11. [Board of directors; qualification; bond.]

Whenever a district has been declared duly organized, the members of the board shall qualify by filing with the clerk of court their oaths of office, and corporate surety bonds at the expense of the district in an amount not to exceed $1,000 each, the form thereof to be fixed and approved by the court, conditioned for the faithful performance of their duties as directors.