(A) Bonds required. The Town Clerk-Treasurer and such officers and employees as are designated by the Town Board of Trustees shall, before entering upon the discharge of their duties, execute and file with the Town Clerk-Treasurer surety bonds issued by a surety company authorized to operate in the state conditioned upon the faithful performance of their duties.
(B) Premium paid by town. The town shall pay the premium on such bonds.
(Prior Code, § 1-7-2)