The members of the state inland port authority shall organize under the direction of the board in the same manner that state port authorities are organized and shall be entitled to compensation not exceeding that authorized by law for a state port authority. In its operation of such port or harbor, or any part thereof, such state inland port authority shall not be responsible to the counties participating, in which such port or harbor, or any part thereof, may be located, or other authorized port or harbor agency, but shall be responsible solely to the board. Before entering upon the duties of the office, each of said members shall take and subscribe to the oath of office required by Section 268 of the Mississippi Constitution of 1890, and shall file same with the secretary of state, and shall give bond in the sum of ten thousand dollars ($10,000.00), with a surety company or companies, authorized to do business in this state, conditioned according to law, and to be delivered to and approved by the treasurer of the State of Mississippi; the premiums on said bonds shall be paid from port funds.