(A) Amount.
(1) Bonds of city officers shall be executed in the following penal sums:
(a) Mayor: $3,000;
(b) City Clerk: $10,000;
(c) License Collector: $3,000;
(d) Chief of Police: $3,000;
(e) Lieutenants of Police: $500;
(f) Sergeants of Police: $500;
(g) Fire Chief: $500;
(h) City Attorney: $1,000;
(i) Assistant City Attorney: $1,000;
(j) City Engineer: $5,000;
(k) Superintendent of Streets: $4,000;
(l) Superintendent of Waste Water Treatment and Sewer Lines: $5,000;
(m) Electrical Inspector: $1,000;
(n) Inspector of Steam Boilers: $2,000;
(o) Superintendent of Cemetery: $2,000;
(p) Supervisor of Sewer Collections: $5,000;
(q) Director of Finance: $3,000; and
(r) Board of Police and Fire Commissioners: $1,000.
(2) The City Treasurer shall post a bond in the amount of $160,000; said bond shall be his or her public official bond and shall also be the bond for the Police Pension Fund, Firemen’s Pension Fund, Sewer Rental Fund and the Cemetery Fund.
(B) Premium payment by city. Whenever the City Treasurer or City Clerk shall furnish a surety bond required by ordinance, the city may, upon proper allowance by the City Council, pay the premium due upon such bond, not exceeding 1% per annum on the amount of the bond.
(C) Surety.
(1) The City Council shall not receive or approve any bond or security whereon the name of the Mayor, any one of the Aldermen or any of the elected or appointed officers of the city appear as bondsman or security.
(2) If, by mistake, a bond containing the name of any such officer is approved by the Council, or if any bondsman, after becoming such is elected or appointed to any city office, this section shall not act as a release of any such obligation incurred.
(1960 Code, § 3.05) (Ord. 2539, passed - -; Ord. 2672, passed - -; Ord. 2677, passed - -; Ord. 3437, passed 6-20-1977; Ord. 5147, passed 11-1-1993; Ord. 5144, passed 11-1-1993; Ord. 5747, passed 7-21-1997)