[1982 Code § 3-88; Ord. #598]
a.
Every officer or employee of the Borough who, by virtue of his office
or position, is entrusted with the receipt, custody or expenditure
of public moneys or funds and any other officer or employee who may
be so required by the Borough Council shall, before entering upon
the duties of his office or position, execute and deliver a surety
bond in such amount as may be fixed by resolution of the Borough Council,
binding him to the municipality in its corporate name and conditioned
upon the true and faithful performance of his duty. Each officer or
employee required by law to give bond shall execute such a bond with
sufficient surety and deliver the same to the Borough Clerk except
that the Borough Clerk shall deliver his bond to the Chief Financial
Officer, before he enters upon the discharge of the duties of his
office or employment.
b.
If any officer or employee neglects to execute and deliver his bond
as herein required within 30 days after due notification of his appointment,
his office may be declared vacant.
c.
In every case in which any person is required by the laws of the
State or by any ordinance of the Borough to give a bond for the faithful
performance of his duties, such bond shall be secured by a corporate
surety authorized to do business in this State and the premium therefor
shall be paid by the Borough. Each such bond shall be approved by
the Department of Law as to form, and nothing in this subsection shall
be construed to prevent the use of one or more blanket bonds.
