(A) Each officer and employee who handles money in the performance of his or her duties as prescribed by this subchapter and by I.C. 36-10-3-1 et seq. shall execute an official bond for the term of his or her office or employment before entering upon the duties of his or her office or employment.
(B) If his or her tenure is indeterminate, then the bond must be for a term of one year and renewed each year as the employment continues.
(Ord. 3-2-87, passed - -1987)