Every officer of the City shall, before he or she enters upon
the duties of such office, take and subscribe, before a person authorized
by law to administer oaths or affirmations, an oath or affirmation
faithfully and impartially to execute the duties of his or her office
according to the best of his or her knowledge, skill and ability,
and such oaths or affirmations required by the laws of the state.
All such oaths or affirmations shall be filed by the City Clerk in
his or her office and shall be there preserved.
All official surety bonds shall be in such form, and term or
annual, as shall be approved by the Council. Such bonds shall be filed
with the City Clerk, who shall endorse upon each bond the fact and
date of approval thereof by the Council, except that the bond of the
City Clerk shall be filed with the Treasurer. Upon the failure of
any officer or employee to deliver the bond as required by this article
within 30 days after the commencement of his or her term of office
or of his or her employment, including those elected or appointed
to fill vacancies, such office shall be deemed to be vacant.
All insurance of whatever nature protecting the interests of
the City government shall be purchased by the Business Administrator,
with the approval of the Mayor. All insurance policies shall be filed
in the office of the City Clerk. In the absence of the Business Administrator,
the Mayor shall purchase said insurance.
The Council shall cause to be made an annual audit of the City's
books, accounts and financial transactions as required by, and in
accordance with, the Local Fiscal Affairs Law, N.J.S.A. 40A:5-4 et
seq. Such annual audit shall be made by a registered municipal accountant
of New Jersey selected by the Council.