Council shall fix the compensation of the Mayor, Finance Director, members of Council, and each officer and employee, or member of any board or commission of the Municipality, whether elected or appointed, excepted as specifically provided otherwise in this Charter. Except for the Mayor, Finance Director and members of Council, compensation may be changed at any time by ordinance at the discretion of Council and such compensation shall be effective as provided for in said ordinance.
   With respect to the Mayor and Finance Director, not less than thirty (30) days prior to the final date for filing nominating petitions, Council may change the compensation to the Mayor and/or Finance Director by ordinance. However, such change in compensation shall not be effective prior to the beginning of the next elected term (full or partial) beginning after the date of adoption of the ordinance. The designated thirty (30) day time period prior to the final date for filing nominating petitions is mandatory and not directory.
   If the Council determines to change the compensation of members of Council, such change must be made by Council on or before the first day of July, to be effective January 1 of the following year.
   Council may authorize the payment of expenses incurred by any officer, 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, Finance Director and such other officers, employees or members of any board or commission as Council may by ordinance require, shall give bond in such amount and with such surety as may be approved by Council. The Municipality shall pay the premiums on such bonds.
(Amended November 7, 1995; November 7, 2000; November 7, 2017)