A. Approval Of Bonds: The bonds of the council members shall be approved by the mayor and the bond of the mayor shall be approved by the city council at the first meeting of the city council in January following a city election.
B. Premium Paid By City: The premium charged by a corporate surety for any bond required by the city shall be paid by the city.
C. Additional Bonds; Filing: The city council may at any time require further and additional bonds of any or all officers elected or appointed. All bonds given by the officers, except as otherwise provided by law, shall be filed with the city recorder, except that the bond of the city recorder shall be filed with the city treasurer. (2003 Code)