(A) The Council shall require each officer of the city to give bond for the due discharge of his or her duties in such sums and with such security as it may direct and approve as determined by resolution and the city shall pay the costs of such bond.
(B) In the alternative, the City Manager may, at the direction of the Mayor and the City Council, procure insurance coverage from city underwriters sufficient to meet or exceed the foregoing statutory bond requirements.
(1976 Code, § 3-1-4) (Ord. 533-08, passed 4-10-2008)