§ 9-2-412 — The treasurer shall file with the county clerk at the expense of the district, a corporate fidelity bond in an amount not less than five thousand dollars ($5,000.00), conditioned on the faithful performance of the duties of his office

(d) The chairman in addition to his duties as a member of
the board shall:
(i) Preside at all meetings of the board;
(ii) Sign all resolutions adopted by the board;
(iii) Appoint all committees;
(iv) Sign, acknowledge and execute all instruments
authorized by the board to be executed by the district.
(e) In absence of the chairman or in case of his inability
to act, the vice-chairman shall perform the duties of the
chairman.
(f) Each member of the board shall receive as compensation
for his service a sum fixed by the board not in excess of
twenty-five dollars ($25.00) for actual attendance at each
regular or special meeting of the board or attendance upon any
committee meeting, payable monthly. No member of the board shall
receive any compensation as an employee of the district whenever
the board has determined that a manager should be obtained and
has employed such manager as a full-time employee to manage the
affairs of and operate the business of the district, but until
the services of a full-time manager are required and obtained,
any board member may be engaged from time to time or as a
part-time employee, and the compensation paid therefor shall not
exceed the established prevailing rate of pay for equivalent
work. No member of the board shall be interested in any other
contract or transaction with the district except in his official
representative capacity, and except it be by competitive
bidding. If any contract or agreement shall be made in violation
of the provisions of this subsection it shall be voidable, and
no action shall be maintained thereon by any party thereto
against the district. To the extent the district makes any
payment thereunder, such contract or agreement shall be valid,
and any such payments may be included in any cost defrayed by
the levy of special assessments, unless theretofore, the
district elects to void the contract or agreement in its
entirety and to recover any such payment from the party to whom
made.
(g) The district shall be subject to an audit or oversight
of its accounts by the director of the state department of audit
or his designee as required by W.S. 9-1-507(a)(iii). The board
of directors shall cause an audit or other oversight to be made
of all financial affairs of the district during each fiscal year
ending June 30, during the next succeeding six (6) months. If an
audit is required, a summary of the financial statement shall be
certified by the person making the audit, which shall be
published in a newspaper of general circulation in the district,
one (1) issue during the next succeeding two (2) weeks following
the audit. Except as provided in W.S. 9-1-507(d), the audit, if
required, shall be made by a certified public accountant, who is
not otherwise employed by the district.
(h) The board of county commissioners having jurisdiction
of the district may remove directors for cause shown, on
petition and after notice and hearing.