(A) The Council may require any officer or employee to furnish a bond conditioned upon the faithful exercise of the duties of the officer or employee and the proper application of, in payment upon demand of, all monies officially received by the officer or employee. Unless otherwise prescribed by law, the amount of bond may be fixed by the Council. The bonds furnished by the Clerk shall be corporate surety bonds.
('82 Code, § 2.221) (Am. Ord. 94, passed 12-13-99)
(B) The Council may require that the officer or employee pay the bond premium, or it may, by any appropriate means, provide for the payment from city funds of the premium on the official bond of any officer or employee of the city.
('82 Code, § 2.222)