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The city comptroller, the city clerk, and the city treasurer may severally require any of their subordinate officers or employees to give bond payable to such officer and the City of Chicago, or either of them, in the penal sum of such amount as may be required by him, with good and sufficient sureties to be approved by him, conditioned for the faithful performance of the duties of the office or position and the payment of all monies received by such subordinate officer or employee.
Any subordinate officer or employee may be required by the head of any other department or agency of the city government to which such officer or employee has been appointed or by the city comptroller to give bond payable to the city in such a penal sum as may be approved by the city council, with good and sufficient sureties, conditioned for the faithful performance of the duties of the office or position and the payment if all monies received by such officer or employee. All such subordinate officers and employees who shall receive or have the care, custody or handling of any monies, property or other valuable thing belonging to the city shall be required to give such bond.
(Prior code § 25-15; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 2)
All bonds of officers and employees shall be continuing in effect so long as the officers and employees named therein shall continue in office and until payment is made by such officers and employees of all monies received by them; provided that liability under any such bond may be terminated in respect of any official act which shall be taken or occur after 30 days' written notice to the assured of the termination or cancellation of such bond by the surety or sureties. In case of termination or cancellation of any bond by any surety during the continuance in office or employment of any officer or employee, such officer or employee shall execute a new bond in the same manner, of the same character, and with the same conditions and penalties as are required by the foregoing sections of this chapter relating to bonding regulations.
(Prior code § 25-16)
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)
No bond of an officer or employee payable to the city shall be approved until the corporation counsel shall have certified thereon that such bond is properly executed as to form, and the comptroller shall have certified thereon that the sureties on such bond are of sufficient financial responsibility for the amount of the penalty of such bond.
The comptroller shall examine the sureties on such bond touching their sufficiency, and require such examinations to be reduced to writing and signed and sworn to by such sureties.
(Prior code § 25-18)
After the approval of the bond of any officer or employee as required, the date of approval shall be endorsed thereon and the same shall be filed with the city clerk if an official bond, except that the bond of the city clerk shall be filed with the treasurer, and if the bond is that of a subordinate official payable to the city it shall be filed with the city comptroller, otherwise with the officer to whom such bond is payable.
(Prior code § 25-20)
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