Except as otherwise provided in this charter, the Council must require all officers and employees to be covered by bond, to be approved by the Council, conditioned upon the duties of their office or employment, in such sum as the Council shall determine. All such officers or employees receiving, disbursing or responsible for the city funds shall be bonded. The resignation or removal of any bonded officer or employee shall not, nor shall the appointment of another to the office or employment, exonerate such officer or employee or his/her sureties from any liability incurred by him/her or them. All official bonds shall be corporate surety bonds and the premiums thereon shall be paid by the City, except as otherwise provided in this charter. All bonds of all officers or employees shall be filed with the Clerk, except that of the Clerk, him/herself, which shall be filed with the Treasurer.