Council shall fix the compensation of the Mayor, members of Council, Clerk-Treasurer, and each officer and employee, or member of any board or commission, of the Municipality, whether elected or appointed except as specifically provided otherwise in this Charter. Any changes in the compensation of the Mayor, Clerk-Treasurer and each member of Council for the next term shall be made not less than one hundred twenty (120) days immediately preceding the date of the next municipal election and shall not thereafter be changed with respect to such term. The compensation of every other employee, and member of any board of commission, of this Municipality, as fixed by Council, may at any time be changed by resolution or ordinance at the discretion of Council.
The Mayor, Clerk-Treasurer, Director of Public Service, and such other officials or employees, or members of boards or commissions as Council may by resolution or ordinance require, shall give bond in such amount and form and with such surety as may be approved by Council. The premium on such bonds shall be paid by the Municipality.