Members of the Village Commission, other than the president of the Commission shall receive an annual salary of Three Hundred Twelve Dollars ($312.00) payable in quarterly installments of Seventy-eight Dollars ($78.00). The President of the Village Commission shall receive an annual salary of Five Hundred Twenty Dollars ($520.00) payable in quarterly installments of One Hundred Thirty Dollars ($130.00).
The Village Commission may by ordinance change the salary of members of the Village Commission and that of the President of the Village Commission but no ordinance changing such salary or additional compensation shall become effective until the date of commencement of the terms of members of the Village Commission elected at the next regular election, provided that such election follows the adoption of such ordinance by at least six (6) months and further provided that no such ordinance shall affect the salary of a member of the Village Commission during the term for which he was elected or appointed at the time of the adoption of such ordinance.
The Village Commission may authorize the payment or reimbursement of expenses incurred by any official, employee, member of the Village Commission or any other board or commission for travel or otherwise in the interest of the Village.
Each member of the Village Commission shall give bond in the sum of Three Thousand Dollars ($3,000.00) with some bonding company regularly accredited to do business in the State of Ohio as surety thereof. The bond of each member shall be approved by the other members of the commission; it shall be deposited with the Village Treasurer, and the premium thereon shall be paid by the Village.