A. Bond: The village manager shall furnish a surety bond in the amount of five thousand dollars ($5,000.00) to be approved by the Mayor and board of trustees, said bond to be conditioned on the faithful performance of his duties. The premium of the bond shall be paid by the village.
B. Compensation: The village manager shall receive such compensation as the Mayor and board of trustees shall fix from time to time.
(Ord. 396, 6-8-1965; amd. 1992 Code)