State Codes and Statutes
Statutes > New-mexico > Chapter-72 > Article-18 > Section-72-18-1272-18-12. 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 the court their oaths of office, and corporate surety bonds at the expense of the district in an amount not to exceed one thousand dollars ($1,000) each, the form to be fixed and approved by the court and conditioned for the faithful performance of their duties as directors.
