(a) Every officer, employee or agent of the City who in the course of his official duties receives, handles or has custody of or control over more than one hundred dollars ($100.00) of City funds, negotiable instruments or securities at any time shall, before entering upon his duties as such officer, employee or agent and within ten days of his election or appointment, give bond, payable to the City, with corporate surety, in such amount not less than five hundred dollars ($500.00) as shall be determined by City Council, and conditioned upon the faithful performance of his duties, a true accounting to give of all City funds, negotiable instruments and securities received or handled by him or coming within his custody or under his control, and payment thereof to the City; provided, that the bond of the City Treasurer shall be in the amount of not less than fifteen thousand dollars ($15,000), and the bond of the City Clerk shall be not less than fifteen thousand dollars ($15,000); and provided further, that during any period when two or more positions are held by the same person, the bond for such person shall be in the amount of not less than the highest amount required for any one of such positions.
(b) City Council may adopt a system of blanket faithful performance and honesty bonding as an alternative to the individual bonds provided in subsection (a) hereof; provided, that the minimum amounts as specified in subsection (a) hereof for the positions named therein shall remain the same as therein specified.
(c) All officers, employees and agents of the City who, in line of duty, are required or authorized to carry firearms, shall give bond, payable to the City, with corporate surety, in such amount not less than three thousand five hundred dollars ($3,500) as may be specified by City Council, and conditioned upon the faithful performance of their respective duties and the payment of any judgment or decree which may be rendered against them for the negligent or unlawful use or handling of such firearm and to save the City harmless from all claims and demands whatsoever for the negligent or unlawful use or handling of such firearm.
(d) The City Attorney shall approve all bonds required by this section with respect to their form and legality; and the premiums thereon shall be paid by the City. City Council shall approve all bonds required by this section with respect to their sufficiency. All bonds required by this section shall be in the custody of the City Clerk, except that the bond of the City Clerk shall be in the custody of the City Manager.
(e) City Council shall have authority to increase the penalty of the bonds as provided by law, and a failure by any City officer or employee to comply with the requirements of Council within a reasonable time shall be sufficient reason for declaring the office or position vacant and it may proceed to fill such vacancy.
(1975 Code Sec. 2-7)