(a) The board shall appoint a qualified person as district administrator.
(b) The district administrator serves at the will of the board and is entitled to the compensation determined by the board.
(c) On assuming the duties of district administrator, the administrator shall execute a bond payable to the district in an amount set by the board that:
(1) is conditioned on the administrator performing the administrator's duties; and
(2) contains other conditions the board may require.
(d) The cost of the bond is the responsibility of the district.