(A) Bond required.
(1) A Board member shall give bond in the sum of $5,000, payable to the state, on the condition upon faithful and honest discharge of the member's duties.
(2) The bond must be approved by the Town Council.
(B) Exception. The ex officio member of the Board who is also a member of the Town Council shall not be required to post a bond required by I.C. 36-8-9-3.1(f).
(Ord. 2008-007, passed 3-10-08)