(A) Certain officers shall give bonds in favor of the city. Surety bonds may be furnished in lieu of personal bonds as follows:
(1) Clerk: $25,000; and
(2) Chief of Police: $1,000.
(B) Bonds so furnished in accordance with the provisions of this subchapter shall be furnished at the expense of the city.
(1992 Code, § 2-2-604)