a. Each officer and employee who handles money in the performance of his duties as prescribed by this Division shall execute an official bond for the term of his office or employment before entering upon the duties of his office or employment. In the event tenure is indeterminate, then the bond must be for a term of one (I) year and renewed each year as the employment continues.
b. All bonds must be individual surety company public official bonds conditioned on the faithful performance of duties. The penal amounts of the bonds shall be fixed by the Town Council.
c. All bonds shall be filed and recorded in the Office of the County Recorder of the county in which the Department is located.
(Ord. No. 1048, § 14, 11-10-87; Schererville Town Code, § 2-7-14)