Common use of Bonds of Officers Clause in Contracts

Bonds of Officers. The Treasurer and any other officer or agent of the Authority charged with the responsibility for the custody of any of its funds or property shall give a bond in such sum and with such surety, if any, as the Board shall determine. The Board, in its discretion, may also require any other officer, agent or employee of the Authority to give bond in such amount and with such surety as shall be determined. The cost of such bond shall be an expense of the Authority.

Appears in 1 contract

Samples: Creation Agreement

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Bonds of Officers. The Treasurer and any other officer Any officer, employee, or agent of the Authority charged with the responsibility for the custody of any of its funds or property shall give a bond in such sum and with such surety, if any, as the Board of Directors shall determine. The BoardBoard of Directors, in at its discretion, may also require any other officer, agent or employee of the Authority to give a bond in such amount and with such surety as shall be determined. The cost of such bond shall be an expense of the Authority.

Appears in 1 contract

Samples: Creation Agreement

Bonds of Officers. The Treasurer and any other officer Officer or agent of the Authority charged with the responsibility for the handling or custody of any of its funds or property and any other person, if required by law, shall give a bond in such sum and with such surety, if any, surety as the Board shall determine. The Board, in its discretion, may also require any other officer, agent or employee of the Authority to give bond in such amount and with such surety as shall be determined. The cost of such bond bonds shall be an expense of payable by the Authority.

Appears in 1 contract

Samples: Establishment Agreement

Bonds of Officers. The Treasurer and any other officer officer or agent of the Authority charged with the responsibility for the custody of any of its funds or property shall give a bond in such sum and with such surety, if any, as the Board shall determine. .The Board, in its discretion, may also require any other officerofficer, agent or employee of the Authority to give bond in such amount and with such surety as shall be determined. The cost of such bond shall be an expense of the Authority.

Appears in 1 contract

Samples: Creation Agreement

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Bonds of Officers. The Treasurer and any other officer or agent of the Authority charged with the responsibility for the custody of any of its funds or property shall give a bond in such sum and with such surety, if any, as the Board shall determine. .The Board, in its discretion, may also require any other officer, agent or employee of the Authority to give bond in such amount and with such surety as shall be determined. The cost of such bond shall be an expense of the Authority.

Appears in 1 contract

Samples: Creation Agreement

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