The Council shall fix the salary or compensation of each officer, employee and member of any board or commission of the Municipality. Any such person may be required by the Council, from time to time, to furnish a bond or bonds for the faithful performance of his or her duties; and the Council may provide that the premium for any such bonds shall be paid by the Municipality. The compensation of the Mayor, Finance Director and of each member of the Council shall be fixed not less than one hundred and twenty (120) days prior to the election for the terms beginning on the next succeeding first day of January, and shall not thereafter be changed in respect of any such terms or any part thereof. The compensation of each other officer, employee and member of a board or commission of the Municipality shall be fixed by the Council and may changed at any time at the discretion of the Council.
The Council shall, on or before July 1, 1959, fix the salaries of all elective officials assuming office under this Charter January 1, 1960.
The Council may authorize the payment or reimbursement of expenses incurred by any officer, employee or member of any board or commission of the Municipality for travel, membership in an association or otherwise in the interest of or for the benefit of the Municipality.