SECTION 4.15. COMPENSATION AND BONDS.
   Council shall fix the compensation of the Mayor, members of Council, and each officer and employee, or member of any board or commission of the Village, whether elected or appointed, except as specifically provided otherwise in this Charter.
   Not less than ninety days immediately preceding the date of the next Village election, the compensation of the Mayor and each member of Council shall be fixed for the next term, and shall not thereafter by changed with respect to such term.
   The compensation of every other employee, and member of any board or commission of the Village, as fixed by Council, may at any time be changed by resolution or ordinance at the discretion of Council.
   Council may authorize the payment or reimbursement of expenses incurred by any officer or employee or member of any board or commission of the Village, for traveling or other expenses incidental to the authorized furtherance of the interests of the Village and upon recommendation of the Solicitor may authorize the hiring of legal counsel to perform special legal services for the Village.
   The Mayor, Treasurer and such other officials or employees or officials or members of boards or commission as Council may by resolution or ordinance require, shall give bond in such amount and with such surety as may be approved by Council. The premium on such bonds shall be paid by the Village.