The Town Manager, before entering upon his or her duties of office, shall give bond in amounts ordered by the Council members with a corporate surety authorized to do business in the state, conditioned that he or she will each serve faithfully and execute the duties of his or her office, and pay according to law all moneys which shall go into his or her hands under virtue of his or her office, and render a just and true account thereof to the Town Council when required by law or by the Town Council.
(Prior Code, § 2.2.03)