The board shall select one of its members to serve as treasurer. The treasurer shall give a surety bond in an amount fixed by the board and the premium on the bond shall be paid by the authority as a necessary expense.
HISTORY: 1962 Code Section 54-4; 1952 Code Section 54-4; 1942 (42) 1535; 2009 Act No. 73, Section 1, eff June 16, 2009.
Effect of Amendment
The 2009 amendment rewrote this section.
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