The official bond for the officers and employees of the City is hereby fixed in the type, amount and coverage indicated herein:
A. Individual Faithful Performance Bonds:
City Treasurer $500,000.00 per occurrence
City Clerk $500.000.00 per occurrence
B. Employee Blanket Bond, $500.000.00 per occurrence.
Coverage:
1. Faithful Performance Coverage for City Council members, management employees, and police sergeants when acting as watch commanders.
2. Honesty Coverage for all other City employees.
('65 Code, § 2-27) (Ord. No. CS-534; Ord. No. CS-694 § 1; Ord. No. 84-013 § 1; Ord. No. 86-008 § 1)