Any city officer may be required to give a bond to be approved by the council for the faithful performance of the duties of his office in such sum as the council shall determine, but all officers receiving or disbursing city funds shall be bonded. All official bonds shall be corporate surety bonds and the premiums thereon shall be paid by the city. All official bonds shall be filed with the clerk, except that of the clerk, which shall be filed with the treasurer or other officer designated by the council.