(A) Said Library Board of Directors shall immediately after appointment meet and organize by the election of one of their number as President, and by the election of such other officers as it may deem necessary.
(B) Such Directors shall require the Treasurer of such Board or such other person as may be designated as the custodian of the moneys paid over to such Board to give a bond to be approved by such Board and in such amount, not less than $1,000 nor more than $10,000, as may be fixed by such Board, conditioned that he or she will safely keep and will pay over upon the order of such Board all funds received and held by him or her for such Board of Directors.
(Prior Code, § 33.081) (Ord. 60-1, passed 12-19-1960)