Directors; appointment.

A. A watershed district shall be governed by a board of directors appointed by the board of supervisors for the soil and water conservation district in which the watershed district is located. Except as provided in Subsection C of this section, a board of directors shall consist of five directors. B. When appointing the initial directors for a watershed district, the board of supervisors shall appoint two members to serve terms of two years and three members to serve terms of four years. Thereafter, new members appointed to the watershed district board shall be for terms of four years. Vacancies occurring before the expiration of a term shall be filled by appointment for the unexpired remainder of a term. C. If the territory embraced within a watershed district lies within more than one soil and water conservation district, each soil and water conservation district having a minority of the land in the watershed district shall be entitled to appoint three additional directors. When appointing the additional directors, the board of supervisors shall appoint one director to serve a term of two years and two directors to serve terms of four years. Thereafter, each director shall be appointed for a term of four years. Vacancies shall be filled by appointment by the original appointing entity for the remainder of an unexpired term. D. The board of directors shall annually elect from its membership a chair, secretary and treasurer. The treasurer shall execute an official bond for the faithful performance of the duties of office to be approved by the board of directors. The bond shall be executed with at least three solvent personal sureties whose solvency shall exceed the amount of the bond, or by a surety company authorized to do business in this state, and shall be in an amount determined by the board of directors. If the treasurer is required to execute a surety company bond, the premium of the bond shall be paid by the board of directors. E. The board of directors shall prepare and submit to the department of finance and administration such reports as it may require from among those required to be submitted by other political subdivisions.