A. Required: The city treasurer and the finance director shall be required to furnish a bond in accordance with the provisions set forth herein. All other appointed officers of the city may, by resolution or ordinance, be required to furnish a personal bond with good and sufficient sureties or corporate surety bond payable to the city in such sum as the resolution or ordinance may establish, conditioned for the faithful performance of the duties of their office and the payment of all monies received by such officers according to law, or such officers may be included within public employee blanket bonds at such amounts as may be determined by the city council.
B. Treasurer And Finance Director's Bond: The city treasurer and finance director's bond shall be in the amount established by the state money management council pursuant to Utah Code Annotated section 51-7-15, as amended.
C. Filed: All bonds shall be filed with the city recorder, except the city recorder's bond, if required, which shall be filed with the city treasurer.
D. Premium Charge: The premium charge by a corporate surety for any official bond shall be paid by the city.
E. Additional Bonds: The city council may at any time require further and additional bonds of any or all appointed officers of the city by resolution or ordinance. (Ord. 2012-18, 5-15-2012)