(A) Official bonds of officers required by I.C. 5-4-1-18, as it may be amended from time to time, shall be provided by the town.
(B) A blanket bond may be obtained to cover the faithful performance of all other employees, commission members, and persons acting on behalf of the town so required to be covered.
(C) The bond of the Clerk-Treasurer shall be approved by the Town Council.
(1996 Code, § 2-38)