§11-8-105.

§11-8-105.
   
   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.