Each officer and employee of the city in a fiduciary capacity, other than those required by statute or by other sections of this code to be bonded in a specified amount, shall, before entering upon the duties of his or her office or employment, be bonded to the city with a good and sufficient surety, conditioned that such officer or employee will honestly and without fraud perform and discharge the duties of his or her office or employment. Such bond or bonds shall indemnify the city, and be for the use and benefit of the city, against any loss or losses not exceeding in the aggregate the sum of $10,000 sustained by the city through any fraudulent or dishonest act or acts committed by any one or more of such officers or employees acting alone or in collusion with others. Such bond or bonds shall be approved by the City Council, filed with the City Clerk and recorded in his or her office. The premium of any bond required to be given under this section shall be paid by the city out of the General Fund or other proper fund of the city upon resolution of the City Council to that effect. It shall be the duty of the City Manager to see that this section is enforced.
(Ord. 1116, passed 2-25-1957)