The bond of the City Controller shall commence on the City Controller taking office and continue through the term of office. The respective bonds of the Director of Finance, Treasurer, and Purchasing Agent shall commence on their taking office, respectively, and continue for so long as the respective Director of Finance, Treasurer, or purchasing agent remains in office, provided that this performance security may be for the term of one (1) year and shall be renewed or replaced each year thereafter. All other performances security shall be for the term of one (1) year or longer.
SECTION HISTORY
Added by: Ord. No. 166,858, Eff. 5-6-91.
Amended by: Ord. No. 173,303, Eff. 6-30-00, Oper. 7-1-00.