Section 16-6-3 - Disqualification of commissioners; organization of commission; secretary and treasurerA. If any state fair commissioner changes his residence to any place outside the state, such change of residence shall operate ipso facto to vacate the office he holds. B. The secretary and treasurer shall qualify by furnishing the commission with a good and sufficient bond pursuant to the Surety Bond Act [10-2-13 to 10-2-16 NMSA 1978], conditioned for the faithful performance of his duties as secretary and treasurer and that he will faithfully account for and pay over to the person entitled thereto all money that comes into his hands as such officer. The secretary and treasurer shall hold office for a period of one year and until his successor is elected and qualified. Laws 1913, ch. 46, § 3; Code 1915, § 5007; C.S. 1929, § 127-103; 1941 Comp., § 48-2103; 1953 Comp., § 45-20-3; 1994, ch. 143, § 5.