(a) Each director may be required to execute a good and sufficient bond for $5,000 that is:
(1) approved by the Commissioners Court of Hardeman County;
(2) payable to the district; and
(3) conditioned on the faithful performance of the director’s duties.
(b) The district may pay for the directors’ bonds with district money.

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(c) Each director’s bond and constitutional oath or affirmation of office shall be kept in the permanent records of the district.