The municipal governing body shall require the municipal treasurer, any officer or employee designated by ordinance to sign municipal warrants or municipal checks, and any other officers and employees as the governing body may designate by ordinance, to give bond for the faithful performance of his duties within ten (10) days after his election or appointment, in such amount and form as the governing body shall prescribe. The municipality shall pay the premiums on such bonds.
Laws 1977, c. 256, § 8-105, eff. July 1, 1978; Laws 1992, c. 371, § 1, eff. July 1, 1992.
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