(a) The board may appoint a qualified person as district administrator.
(b) The district administrator serves at the will of the board.
(c) The district administrator is entitled to compensation determined by the board.
(d) Before assuming the duties of district administrator, the administrator must execute a bond payable to the district in an amount not less than $5,000, as determined by the board, conditioned on the faithful performance of the administrator's duties.
(e) The board may pay for the bond with district money.