The City Manager shall give an official bond in the sum of not less than Five Thousand ($5,000.00) Dollars, and the Comptroller an official bond in the sum of not less than Fifteen Thousand ($15,000.00) Dollars, payable to the City of Burkburnett and conditioned for the faithful discharge of the duties of such respective officers and for the faithful accounting for all monies, credits and things of value coming into the hands of such respective officers; and such bonds shall be signed as surety by some surety company authorized to do business under the laws of this State, and the premium on such bonds shall be paid by the City of Burkburnett.
(Adopted May 8, 1923)