153.04 BOND.
   The members of the Treasury Investment Board shall provide bonds to the City in the sum of not less than one thousand dollars ($1,000) each, conditioned for the faithful performance of their duties, which bonds shall be in addition to other bonds required by law of the members of the Treasury Investment Board. The premiums for such bonds shall be paid by the City from the General Funds.
(1961 Code Sec. 233)