(a) The Treasurer, Controller and Tax Collector shall be bonded by a faithful performance fidelity bond, individually or on a blanket basis, provided such coverage is commercially available at a reasonable cost, in the amount of $5,000,000, with commercially reasonable deductibles permitted.
(b) All other officers and employs of the City and County shall be bonded by a blanket dishonesty bond, provided such coverage is commercially available at a reasonable cost, in the amount of $5,000,000, with commercially reasonable deductibles permitted.
(c) The bonds shall be payable to the City and County.
(d) The bonds shall inure to the benefit of any officer liable for the acts and omissions of officers and employees covered by the bonds and also to the benefit of the City and County.
(e) The City and County and each such officer may singly or jointly bring suit on the bonds.
(Added by Ord. 69-00, File No. 000356, App. 4/28/2000)