15-11b08.   Same; organization; powers; bond of treasurer; expenditures. Immediately following the annual meeting of the district the board ofdirectors shall organize by electing a chairman and vice-chairman from itsmembership and by electing from within or without its membership asecretary and treasurer of the board. Said officers shall have the powersand duties customarily exercised by such officers. The board may require abond from the treasurer in an amount determined by the board, the costthereof to be paid by the district. Expenditures made by said board ofdirectors shall be paid by warrants drawn upon the treasurer and signed bythe chairman and secretary.

      History:   L. 1959, ch. 114, § 8; June 30.