Mississippi Administrative Code
Title 6 - Economic Development
Part 401 - PEARL RIVER BASIN DEVELOPMENT DISTRICT
Chapter 1 - REGULATIONS
Rule 6-401-1.3
Article 6-401-1.3-III
Section 6-401-1.3-III-4 - BONDS OF DIRECTORS

Universal Citation: MS Code of Rules 6-401-1.3-III-4
Current through September 24, 2024

Each director shall give bond in the sum of Ten Thousand and No/100 Dollars ($10,000.00), with sureties qualified to do business in this state, payable to the State of Mississippi and conditioned that the director will faithfully perform all duties of his office and account for all money or other assets which shall come into his custody as director of the District. The Treasurer and Assistant Treasurer of the District, in lieu of the aforesaid bond, shall give bond in the sum of Fifty Thousand and No/100 Dollars ($50,000.00), with sureties qualified to do business in this state, payable to the State of Mississippi and conditioned that the Treasurer and Assistant Treasurer will faithfully perform all duties of the office of the Treasurer and account for all money or other assets which shall come into the custody of the office of Treasurer of the District. The premiums on the aforesaid bonds shall be an expense of and shall be paid by the District.

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