(a) Terms.-- The following shall apply: (1) Except as provided under paragraph (2), an individual elected to a borough office shall serve for the term for which the individual was elected. (2) If a vacancy in office occurs, it shall be filled in the manner provided under this part. (b) Bonds.-- The following shall apply: (1) Except as provided under paragraph (2), if an elected official of a borough is required to give a bond for the faithful performance of the elected official's duties, the borough may pay the premium for the bond. (2) A borough shall pay a proportionate share of the cost of a tax collector's bond within the same ratio as the amount of borough taxes bears to the total amount of all taxes indicated by the tax duplicate to be collected by the tax collector during the year preceding the date the premium is due.
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