(A) Council compensation. Councilmembers will not receive any salary, benefits or other form of monetary compensation for their services. A sitting Council may, by ordinance, modify compensation; provided, however, such modification shall not be effective for any Councilmember during his term in which the ordinance modifying compensation was adopted. For Councilmembers not in office at the time the ordinance was adopted, the modified compensation shall become effective upon the start of such Councilmember's term in December following the Council election.
(B) Bond. Prior to taking office, the town will provide for each Councilmember an official bond enforceable against the principal and his or her sureties. The bond shall be payable to the state, and to and for the use and benefit of the town or any person who may be injured or aggrieved by acts of the officer in his or her official capacity. A person so injured or aggrieved may bring suit on the bond under provisions identical to those contained in A.R.S. § 38-260. Bonds shall be in a sum as shall be determined by the Town Manager and the premium for the bonds shall be paid by the town.
(C) Financial disclosure statement. Each member of the Council shall file a financial disclosure statement by January 31st of each year on a form setting forth such information as may be required by state law.
(Ord. 09-49, passed 4-7-2009; Am. Ord. 14-105, passed 5-6-2014)