Every officer or employee of the Township who by virtue
of the office or position is entrusted with the receipt, custody or
expenditure of public moneys or funds and any other officer or employee
who may be so required by the Council shall before entering upon the
duties of the office or position execute and deliver a surety bond
in such amount as may be fixed by resolution of the Council, binding
the officer or employee to the Township in its corporate name and
conditioned upon the true and faithful performance of the officer's
or employee's duty. Each officer or employee required by law to give
bond shall execute such a bond with sufficient surety and deliver
the same to the Township Clerk before the officer or employee enters
upon the discharge of the duties of the office or employment, except
that the Township Clerk shall deliver the Clerk's bond to the Chief
Financial Officer.
