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Upon entering the duties of their respective offices, the following officers and employees of the City shall execute a bond, the premium of which shall be paid for by the City, with good and sufficient surety to be approved by Council in favor of the City for the faithful performance of their respective duties in the amounts hereinafter indicated:
(a) Director of Finance: $50,000.
(b) Mayor: $25,000.
(c) City Administrator: $25,000.
All bonds shall be recorded by and kept in custody of the Clerk of Council.
(Ord. C79-79. Passed 12-17-79; Ord. C47-01. Passed 8-6-01.)