(A) Benefits. Every official bond given pursuant to law executed by any officer of the city shall inure to the benefit of any person within the city as well as to the city, and any such bond is hereby declared to be for the use and benefit of all persons who may be injured or aggrieved by a wrongful act or default of such officer in his official capacity. Any person so injured or aggrieved may bring suit on such bond in his own name without an assignment thereof.
('63 Code, § 2-5.201)
(B) Suits for recovery. No such bond shall be void on the first recovery of a judgment thereof, but suit may be afterwards brought from time to time and judgment thereon recovered by the city or by any person to whom a right of action has accrued against such officer and his surety until all penalties of the bond are exhausted.
('63 Code, § 2-5.202)
(C) Defects. Whenever an official bond does not contain the substantial matter or conditions required by law, or whenever there are any defects in the approval or the filing thereof, it shall not be declared as void so as to discharge such officer and his sureties, but they shall be equitably bound to the city or the person interested, and the city or such person may file an action upon such defective bond in the same manner and with the same effect as though such defect did not exist.
('63 Code, § 2-5.203)
(Ord. 2220, passed - - )