SECTION 5.14. COMPENSATION AND BONDS.
   Council shall fix the compensation of the Mayor, and each officer and employee, or members of any board or commission of the Municipality, whether elected or appointed, except as specifically prohibited otherwise in this Charter. In no event shall an elected official be entitled to severance pay.
   Not less than one hundred twenty (120) days immediately preceding the date of the next Municipal election, the compensation of the Mayor and all other elected officials shall be fixed for the next term and shall not thereafter be changed with respect to such term.
   Council may authorize the payment or reimbursement of expenses incurred by any officer or employee, or member of any board or commission of the Municipality, for traveling or other expenses incidental to the authorized furtherance of the interests of the Municipality.
   The Mayor, Director of Finance, Director of Public Service and such other officials or employees, or members of boards or commissions as Council may by resolution or ordinance require, shall give bond in such amount and with such surety as may be approved by Council. The premium on such bonds shall be paid by the Municipality. (Nov. 8, 1988; Nov. 7, 1995; Nov. 3, 2015)