Tex. Water Code § 67.006
This is the official text of Tex. Water Code § 67.006, part of Texas’s Water Code — governs water rights and water resource management.
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§ 67.006. OFFICERS.
Official statutory text
(a) The board shall elect a president, a vice president, and a secretary-treasurer following the issuance of a charter and after each annual meeting of the membership or shareholders. At the meeting, each member or stockholder may be allowed only one vote regardless of the number of memberships or stock certificates held by the person.
(b) The board may require a bond of an officer for faithful performance of the officer's duties.
(c) The salary of an officer of the corporation other than secretary-treasurer or a manager employed under Section 67.012 may not exceed $5,000 a year. The board shall set the secretary-treasurer's salary at an amount commensurate with the secretary-treasurer's duties.
(b) The board may require a bond of an officer for faithful performance of the officer's duties.
(c) The salary of an officer of the corporation other than secretary-treasurer or a manager employed under Section 67.012 may not exceed $5,000 a year. The board shall set the secretary-treasurer's salary at an amount commensurate with the secretary-treasurer's duties.
Status: in_force · Read it on the official government site
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