(a) As soon as practicable after a director is appointed or elected as provided by this subchapter, the director shall execute a $10,000 bond payable to the district and conditioned on the faithful performance of the director's duties.
(b) Each director's bond must be approved by the board, and each director shall take the oath of office prescribed by the constitution for public officers.
(c) The bond and oath shall be filed with the district and retained in its records.