250.01 BONDS.
   The following City officials shall post bonds in favor of the City, conditioned upon the faithful performance of their duties, in the amounts given:
 
Official            Amount of Bond
Mayor               $ 25,000
Treasurer            100,000
Clerks of Finance Department   100,000
All other employees         10,000 blanket bond with $25,000 rider for Police Chief and Inspector of Buildings
 
   Such bonds shall be approved as to form by the Director of Law and the premiums for the same shall be paid for by the City.