The Council shall have the power to fix the compensation of its members and that of the Mayor and the members of any boards or commission of the City, whether elected, appointed or chosen and shall establish bonds of the Clerk, the Mayor, police officers and other officials or employees, as may be determined by the Council, for the faithful discharge of the duties of the office. The premium on any bond required by the Council shall be paid by the City.
The compensation of each member of Council shall be uniformly fixed by the Council, but no change in compensation shall take effect unless approved by Council more than 120 days prior to the commencement of the term to which such change applies. No elected official shall receive compensation for serving in multiple capacities, except Council may grant additional compensation to its President.
(Amended November 7, 1995)