The Township manager, acting Township manager and the Township clerk, before entering upon their duties, and such other employees as the Township council may designate, shall give and acknowledge to the Township fidelity and surety bonds issued by corporate sureties authorized and licensed to do business in Pennsylvania. All such bonds and corporate sureties thereon before being accepted by the Township shall be approved by the Township attorney.
The Township shall pay for all premiums for official bonds. The Township manager shall be the custodian of all such bonds except that of his/her own which shall be held by the Township clerk.