§ 31.03 OFFICIAL SURETY BONDS.
   Individual official surety bonds required by I.C. 5-4-1-18, as it may be amended from time to time, shall be provided by the town. A blanket bond may be obtained to cover the faithful performance of all other employees, commission members and persons acting on behalf of the town so required to be covered.
(`87 Code, § 2-26)