The chief of police shall, before entering upon the duties of his office, take the oath of office prescribed by the state constitution and execute and deliver to the city a good and sufficient bond in the sum of $10,000, payable to the city, conditioned that he will faithfully and strictly perform all the duties required of him by the constitution, the laws of the state, the charter, this code and ordinances of the city, and such further duties as may be prescribed by the city council. Such bond shall have two or more good and sufficient sureties thereon. (Code 1941, Art. 107-3)