(A) Each officer and employee who handles money in the performance of his or her duties, as prescribed by this subchapter, shall execute an official bond for the term of his or her office or employment before entering upon the duties of his or her office or employment. If his or her tenure is indeterminate, then the bond must be for a term of one year and renewed each year as the employment continues.
(B) All bonds must be individual surety company public official bonds conditioned on the faithful performance of duties. The penal amounts of the bonds shall be fixed by the Common Council and must be approved by the Mayor.
(C) All bonds shall be filed and recorded in the office of the County Recorder in which the department is located.
(`90 Code, § 2.40.090) (Ord. 85-36, passed - -)