(a) The City at its expense shall provide individual fidelity bonds for the following officers and no others, in the following amounts:
(1) City Treasurer $125,000
(2) City Auditor 1,000,000
(3) Lillian Jones Museum Director 5,000
(b) The following officers shall be covered by a blanket bond purchased by the City for the amount of one hundred twenty-five thousand dollars ($125,000) for each officer, indemnifying and holding harmless the City against loss occasioned by the failure of such officials to perform faithfully their respective duties: Mayor, Chief Clerk, Assistant Chief Clerk, Director of Law, Service-Safety Director and Water Superintendent.
(c) All officers and employees of the City, except those specified above, shall be covered by a blanket bond indemnifying and holding harmless the City against loss occasioned by embezzlement or any other dishonest act, in an amount of one hundred twenty-five thousand dollars ($125,000) for each officer or employee mentioned in this section.
(Ord. 03-20. Passed 3-23-20.)