A. The following officers of the City, before entering upon the discharge of their official duties, and within twenty days after notice of their election or appointment, shall severally execute to the City an official faithful performance bond in the following penal sums:
1. Mayor, one thousand dollars;
2. Each member of the Common Council, one thousand dollars;
3. City Clerk, one thousand dollars;
4. City Attorney, one thousand dollars;
5. Each member of the Board of Water Commissioners, one thousand dollars;
6. City Treasurer, one hundred thousand dollars.
B. The City Treasurer, in addition to his official bond in the penal sum of one hundred thousand dollars, shall execute to the City an additional bond in the penal sum of twenty-five thousand dollars, which additional bond shall be known as the Treasurer's trust fund bond and shall be conditioned for the payment by the Treasurer to any person, firm or corporation lawfully entitled thereto, of all moneys received by the Treasurer, his deputies, clerks and attaches, under or pursuant to the provisions of the Improvement Act of 1911, or any other special assessment, law or act, by the provisions of which moneys, other than moneys belonging to the City, are payable to the City Treasurer for disbursement to any person, firm or corporation, other than the City, and which trust fund bond shall by its provisions be made to enure to the benefit of, and provide that an action may be maintained thereon by, any person, firm or corporation entitled to receive money from the Treasurer under the aforesaid laws.
(Ord. 2934, 8-20-68)