The Board, which is the governing body of the Big Rapids Downtown Development Authority, shall have a Director as provided by the Act, and the Director shall furnish bond, by posting a bond in the penal sum of $1,000 under the provisions of the Act, being section 5 therein.
('88 Code, Title I, Ch. 9, § 1.304) (Ord. 209-8-85, passed 8-5-85)