All officers and employees of the Municipality whose duties require them to handle or be concerned with the management of its money or other property shall furnish to the Clerk a corporate surety bond issued by a company authorized to do business in Ohio, to protect the Municipality against loss due to their acts. The amount of such bond shall, in each case, be determined by the Council. The premiums of such bonds shall be paid from the funds of the Municipality. All such bonds shall be filed with the Clerk of Council.
(Adopted by electorate, May 4, 1993)