Except as otherwise provided in this Charter, the Council may require any officer or employee to give a bond, to be approved by the Council, conditioned upon the faithful and proper performance of the duties of his or her office or employment, in such sum as the Council may determine. All such officers or employees receiving, disbursing or responsible for City funds or responsible for City property shall be bonded. The resignation or removal of any administrative officer or employee shall not, nor shall the appointment of another to the office or employment, exonerate such officer or employee or his or her sureties from any liability incurred. All official bonds shall be corporate surety bonds and the premiums thereon shall be paid by the City, except as otherwise provided in this Charter. All bonds of administrative officers or employees shall be filed with the City Clerk, except that of the City Clerk, which shall be filed with the City Treasurer.