(a) Surety Bonds. The following named City officials shall, each before entering upon the duties of their respective offices, give a good and sufficient surety company bond to the City conditioned upon the faithful performance and discharge of their respective duties and for proper application and payment of all money or property coming into their hands by virtue of their offices, in the following amounts:
Official Bond Amount Mayor $2,500 Finance Director $5,000 Director of Public Safety and Service $2,500 |
(b) Fidelity Bond. The City shall cause a fidelity bond to issue, duly approved by the Director of Law, which covers the following specified City officials and employees of the City in the following minimum amounts:
Official Designated Amount Mayor $100,000 Director of Public Safety and Service $100,000 Finance Director $250,000 Accountant $100,000 Income Tax Administrator $100,000 All other employees of the City $50,000 (Ord. I-07. Passed 6-4-07.) |