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(A) The Collector-Treasurer, Supervisor of Budgets and the City Auditor, before, and the City Clerk, within five days after, entering upon the duties of their respective Offices and annually thereafter and at such other times as the Mayor shall determine, shall give bond to the city, in the case of the Collector-Treasurer, in the penal sum of $500,000, in the case of the City Auditor, and the Supervisor of Budgets, in the penal sum of $100,000, and in the case of the City Clerk, in the penal sum of $5,000.
(B) Every bond given under this Section shall be upon the condition that the person named therein as principal and all his or her subordinates shall, while he or she continues in Office, by reappointment, re-election or otherwise, faithfully discharge their duties and trusts, and safely hold and lawfully dispose of and account for all money and other property belonging to the city or county which may come into his or her possession or that of his or her subordinates; and that he or she shall deliver, according to law, to his or her successor in Office or such other person as may be authorized to receive the same all money and other property in his or her possession or that of his or her subordinates belonging to the city or county. Every bond given under this Section shall be executed by a surety company authorized to transact business in the commonwealth as surety, shall be approved by the Mayor and shall be filed with the City Auditor, except that the bond of the City Auditor shall be filed with the Collector-Treasurer.
(Ord. 1954 c. 2 § 6; Rev. Ord. 1961 c. 3 § 2; CBC 1975 Ord. T5 § 102; Ord. 1979 c. 23; CBC 1985 5-5.6)
Cross-reference:
Ord. ss 6-3.4; CBC 1975 Ord. T6 § 1, 153
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