All commissioners shall qualify as such commissioners by accepting such appointment and executing bond with corporate surety in the penal sum of five thousand dollars ($5,000.00) conditioned upon their faithful performance of their duties as such commissioners. The bonds shall be approved by the City Council, and the Utilities System shall pay for same from the revenue of the system the cost of securing corporate surety upon said bonds.
(Ord. 52-1 § 3, 1952; Am. Ord. 94-14, passed 12-8-94; Am. Ord. 2015-06, passed 3-30-15)