The cost of obtaining all bonds of officers or employees payable to the city shall be paid out of the funds of the city. In the case of officers and employees whose salaries are paid from the general corporate fund, the cost of obtaining bonds for such officers and employees shall be paid out of said general corporate fund. In the case of officers and employees whose salaries are paid out of any special or separate fund, the cost of obtaining bonds for such officers or employees shall be paid out of the special or separate fund from which their salaries are paid. In the case of officers or employees serving without compensation, the cost of obtaining bonds for such officers or employees shall be paid out of the fund being administered by such officers or employees.
(Prior code § 25-17)