(a) The amount of the faithful performance bonds for the various officers and employees of the City listed below shall be established to be not less than one hundred thousand dollars ($100,000) and shall be covered by a Public Employees Faithful Blanket Position Bond.
(1) Director of Budget and Finance.
(2) Controller.
(3) Income Tax Commissioner.
(b) All other officers and employees of the City, except as provided for in subsection (a) hereof shall be covered by a Public Employees Faithful Blanket Bond in the amount of one hundred thousand dollars ($100,000).
(c) The Director of Finance is hereby authorized to make payment and shall charge such payment to the appropriate account of each department wherein the bonded employee works. (Ord. 1988-100. Passed 9-7-88.)