Iowa Code 358C.11 – Trustee’s bond
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Terms Used In Iowa Code 358C.11
- Board: means the board of trustees of a real estate improvement district. See Iowa Code 358C.1
- District: means a real estate improvement district as created in this chapter. See Iowa Code 358C.1
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Trustee: A person or institution holding and administering property in trust.
Each trustee, before entering upon the duties of office, shall execute a bond payable to the district, with security to be approved by the board of supervisors which had jurisdiction of the petition for establishment of the district, in such form and amount as the board of supervisors may determine, which bond shall be filed with the county auditor of the county.