The Secretary of State, before he or she enters upon the discharge of his or her duties, shall enter into bond, with good and sufficient security to the Governor and his or her successors in office, in the sum of five thousand dollars ($5,000). The bond shall be approved by the Governor and conditioned that the Secretary of State will well and truly perform and discharge the several trusts and duties of Secretary of State and in all things touching and concerning the office shall well, truly, and faithfully execute and perform them. This bond shall be filed with the Auditor of State.