§ 151.04 DIRECTOR'S BOND.
   The Downtown Development Authority Board may employ a director who, before entering upon the duties of his office, shall take and subscribe to the constitutional oath, and furnish bond by posting a bond in the penal sum of $5,000, payable to the Authority for use and benefit of the Authority, approved by the Board and filed with the City Clerk.
(Ord. 13.3, passed 1-20-76)