165.01 BONDS.

   (a)   Except for those official required to give bond on an individual basis, the Mayor with the approval of Council, shall purchase a public official’s/employee blanket bond in an amount of not less than one hundred thousand dollars ($100,000), the term of which shall be not less than one year nor more than two years.

   Such blanket official’s/employee bond shall be conditioned on the faithful performance of duty of each individual.

   (b)   The Mayor shall furnish a faithful performance bond in an amount of not less than ten thousand dollars ($10,000) written on an individual basis.

   (c)   The Finance Director shall furnish a faithful performance bond in an amount of not less than one hundred thousand dollars ($100,000) written on an individual basis.

   (d)   The Tax Administrator shall furnish a faithful performance bond in an amount of not less than one hundred thousand dollars ($100,000) written on an individual basis.

(Ord.  2000-57.  Passed 3-20-00.)