(A) The City Manager shall furnish a corporate surety bond to be approved by the City Council in the sum as may be determined by the City Council and shall be conditioned upon the faithful performance of the duties imposed upon the City Manager, as herein prescribed.
(B) Any premium for the bond shall be a proper charge against the city.
(`61 Code, § 2.11) (Ord. 356, passed 7-21-1959)