The Clerk of said City, before entering upon the discharge of his duties, shall execute a bond conditioned for the faithful performance of the duties of his office and for the accounting for and paying over, as required by law and by this Act, all money which may come into his hands by virtue of his office, with sureties satisfactory to the Council, payable to the City of Mannington, in a penalty not less than two thousand dollars nor more than ten thousand dollars, as the Council may prescribe; he shall be the custodian of all bonds, notes, certificates and other evidence of indebtedness to the City, together with all valuable papers which may be placed in his possession by the Council, except that the bond of the Clerk shall be deposited with the Mayor; he shall be chargeable with and it shall be his duty to collect the City taxes, levies and assessments and other money due the City, under such regulations as may be prescribed by law and the ordinances of the City, and in case of nonpayment, as defined by the laws of West Virginia, shall distrain and sell therefor in like manner and have the same power and authority possessed by the officer charged with the collection of state and county taxes, but, if permitted to do so by the Council, the Clerk may and is hereby granted authority to deputize the Chief of Police, or any police officer, to make any distraints, levies, assessments or sales that may be necessary in the collection of any taxes, licenses, assessments or any other money he is authorized to collect. If the Clerk shall fail to collect, account for and pay over to the Treasurer of said City any or all of the money with which he may be chargeable belonging to said City, according to the conditions of his bond and orders of the Council, it shall be lawful for the Council to recover the same in the manner herein provided.