SECTION 9.02  OFFICIAL BOND.
   All officers and employees of the City whose duties require them to handle or be concerned with the management of its money or other property, shall furnish to the Clerk a corporate surety bond issued by a company authorized to do business in Ohio, to protect the City against loss due to their acts. The amount of such bond shall, in each case, be determined by the Council. The premiums on such bonds shall be paid from the funds of the City.