§ 31.037 DIRECTOR; BOND.
   If a director is employed as authorized in Public Act 197, § 5, being M.C.L.A. § 125.1655, he or she shall post bond in the penal sum of $5,000 as required in that section of Act 197.
(1993 Code, § 31.52) (Ord. 87-1, passed 8-18-1987)