Before entering upon the duties of their respective offices or positions, the Managing Director, the Director of Finance, all department heads, the City Treasurer, the Personnel Director, and such other officers and employees of the City, including those of the Council, as the Administrative Board shall determine, shall execute and file with the Department of Records, corporate surety bonds, conditioned for the faithful performance of their respective duties in such penal sums as shall be fixed by the Administrative Board but the amount of the bond shall not in any case be less than five thousand dollars.
All such bonds and sureties thereon shall, before being accepted by the Department of Records, be approved by the Law Department.
ANNOTATION
Sources: The Administrative Code of 1929, Act of April 9, 1929, P.L. 177, Section 219, as amended; see the Act of June 25, 1919, P.L. 155, Article IV, Section 6.
Purposes: The principal officers of the City named in this section are required to execute and file corporate surety bonds conditioned for the faithful performance of their duties to protect the interests of the City. Since officers and employees not named in this section may also hold special positions of trust or may handle City or other public funds in the custody of the City, the Administrative Board may require them to be bonded. The amounts of bonds will depend on the duties of particular offices and positions. The Administrative Board is empowered to determine such amounts but a minimum standard of protection of $5,000 is fixed by the Charter. See Section 4-300(2)(b). Approval by the Law Department of all bonds and sureties is required to assure their meeting all legal requirements so that legal inadequacy of the obligation cannot be later put forward as a defense.
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