157.03 SURETY BOND REQUIREMENTS.
   (a)   The following officials of the City of Lorain shall have surety bonds guaranteeing to the City of Lorain the faithful performance of their duties and accounting of all monies and property received by them by virtue of their employment, the premiums for which shall be paid for by the City and for each such officer and employee shall be in the amount set forth next to the office or position listed:
      (1)   Auditor of the City      $100,000.00
      (2)   Treasurer of the City      $100,000.00
   (b)   All other officers and employees of the City of Lorain, excepting the Municipal Court, shall be covered by a public employees’ faithful performance of duty blanket bond in the amount of fifty thousand dollars ($50,000) as to each officer or employee, guaranteeing to the City of Lorain the faithful performance of duty and accounting for all monies received by virtue of their employment, the premium for which shall be paid for by the City.
   (c)   All uniform personnel in the Police Department shall be covered by a public employees’ honesty blanket bond in the amount of ten thousand dollars ($10,000) as to each officer or employee, guaranteeing to the City of Lorain proper accounting for all monies and property received by virtue of their employment, the premium for which shall be paid by the City.
   (d)   All other City employees and officers, including those of the Municipal Court not otherwise provided for herein, shall be bonded as required by State law.
(Ord. 38-93. Passed 5-3-93.)