(a)
(1) All contractors shall be required to give bond for the faithful performance of contracts as may be awarded them, with good and sufficient sureties in an amount to be fixed by the board of commissioners.
(2) The board shall not remit or excuse the:
(A) Penalty or forfeiture of the bond; or
(B) Breaches of the bond.
(b)
(1) The board may appoint all necessary agents for carrying on the work and may fix their pay.
(2) The board shall pay a reasonable fee for legal services in organizing the district.
(c)
(1) The board may sell all unnecessary material and implements that may be on hand and which may not be necessary for the completion of the improvement under way or for its operation.
(2) The board may in general make all contracts in the conduct of the affairs of the district as may best serve the public interest.
(d)
(1) The board shall make no contract for the purchase of material or equipment costing ten thousand dollars ($10,000) or more except upon sealed bids opened in public.
(2) It shall be the duty of the secretary of the district to deliver a news item notice of intention to receive bids on certain equipment to the daily papers in the county and at least one (1) weekly paper.
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