(A) No person shall be eligible to act as a surety unless he or she has been approved by the City Treasurer.
(B) The Treasurer shall conduct spot audits of all sureties.
(C) Any surety who fails to perform shall be ineligible to act as a surety for any subdivision improvements within the city’s jurisdiction for a period of two years.
(1960 Code, § 41-5-4) (Ord. 7128, passed 4-28-2008)