(A)   The following officer shall furnish official bonds in the following amount: Recorder - $1,000.
   (B)   The bond given by a city official shall be a bond in standard form with good and sufficient surety or a bond executed by a surety company authorized to do business in this state, conditioned upon the faithful accounting of all money received by the official in his or her official capacity, and the faithful performance of all his or her official duties.
   (C)   The reasonable compensation payable to lawfully authorized surety companies as premiums on the official bonds of city officers shall be paid by the city out of the General Fund.
   (D)   The bonds of the officials shall be approved as to form by the City Attorney.
   (E)   (1)   The bond having been duly approved as herein provided shall be placed on file in the Recorder’s office before the official shall assume his or her duties save and except the bond of the Recorder, which shall be placed in the care and custody of the Mayor, to be duly kept and retained by him or her.
      (2)   (a)   Failure to file an official bond as herein provided within one day from the first day of the term of office shall be deemed to render the office vacant.
         (b)   The vacancy shall be declared by the City Council and filled in the manner provided in the Charter for filling vacancies in office.
(Ord. 137, passed 3-3-1941)