Before entering upon the duties of this office the president shall give a bond with sureties to be approved by the board of trustees conditioned upon the faithful performance for the duties of his office, in the sum of $3,000. He shall take the oath of office prescribed by statute and shall receive such compensation as may be set from time to time by the board of trustees.
(1968 Code § 2.05) (Ord. 65-0-98, passed 11- -1965)