Surety bonds, records of proceedings, and audits

The directors shall provide for: (1) The execution of surety bonds for all employees and officers who shall be entrusted with funds or property; (2) The keeping of a full and accurate record of all proceedings and of all resolutions, regulations, and orders issued or adopted; and (3) An annual audit of the accounts of receipts and disbursements. Acts 1937, No. 197, § 7; Pope's Dig., § 11839; Acts 1969, No. 181, § 4; 1977, No. 295, § 1; 1983, No. 687, § 1; A.S.A. 1947, § 9-907. The directors shall provide for: (1) The execution of surety bonds for all employees and officers who shall be entrusted with funds or property; (2) The keeping of a full and accurate record of all proceedings and of all resolutions, regulations, and orders issued or adopted; and (3) An annual audit of the accounts of receipts and disbursements. Acts 1937, No. 197, § 7; Pope's Dig., § 11839; Acts 1969, No. 181, § 4; 1977, No. 295, § 1; 1983, No. 687, § 1; A.S.A. 1947, § 9-907.