The official bonds of all municipal officers shall be prepared by the Solicitor or Director of Law. Except as otherwise provided in state law, the bonds shall be in a sum as the Legislative Authority prescribes by general or special ordinance, and be subject to the approval of the Mayor, except that the Mayor's bond shall be approved by the Legislative Authority, or, if it is not legally organized, by the Clerk of the Court of Common Pleas of the county in which the municipality or the larger part thereof is situated.
(R.C. § 733.70)