A. 
The Town Clerk and Town Finance Director/Treasurer shall, before entering upon the duties of his or her respective offices, each execute a bond to the Town. The penal sum of the bond shall be fixed by the Council by resolution after the Town Attorney has examined the bond and found that it meets with the requirements of law.
B. 
The Town Manager (and any acting Town Manager) shall furnish a bond in such a sum as may be fixed by Council resolution, which shall be conditioned upon the faithful performance of the duties imposed upon the Town Manager (and any acting Town Manager) as herein prescribed in this code. Any premium for such bond shall be a proper charge against the Town.
(Ord. 8, 1965; Ord. 158, 1983; Ord. 294-99)
The Council shall have the power by resolution to require bonds of any other officer or employee of the Town. The Council shall approve all bonds and fix their penal amount by resolution.
(Ord. 294-99)
When approved, the Town Clerk's bond shall be filed with the Town Manager. All other bonds shall be filed with the Town Clerk.
(Ord. 294-99)