Before entering upon the duties of his or her office, the Treasurer shall execute a bond to the city in the penal sum not less than the amount of the estimated city tax, excise tax, and special assessments for the current year, with at least 2 good and sufficient sureties, to be approved by the City Council, conditioned for the faithful performance of the duties of the office, and the payment of all monies received by him or her as City Treasurer, according to law and the ordinances of the city.
(1983 Code, § 2-158)