54. The council may require of any person employed by it as secretary-treasurer such security as it may deem necessary.
Such security shall be a guarantee of the faithful performance of the duties of such person; of his accounting for and paying over all public and other moneys entrusted to him or under his control to the persons authorized or entitled to receive the same; of his faithful performance of the obligations imposed upon him; and of the payment of damages for any injury occasioned to any person through his negligence, misconduct or malversation.
1978, c. 87, s. 54; 1999, c. 40, s. 331.