(a) The board shall appoint a general manager qualified by training and experience as the district administrator.
(b) The district administrator serves for a term not to exceed two years and is entitled to receive the compensation determined by the board.
(c) The board may remove the district administrator at any time.
(d) Before assuming the duties of district administrator, the administrator must execute a bond payable to the district in an amount of not less than $10,000 that:
(1) is conditioned on the administrator performing well and faithfully the administrator's required duties; and
(2) contains other conditions the board may require.