The City Treasurer shall, before entering upon the duties of his or her office, give to the city a surety company bond in the penal sum of $250,000, conditioned for the faithful discharge of his or her duties and for the faithful accounting for all property and money of the city which shall come into the possession or under the control of the City Treasurer, which bond shall be filed with the City Clerk and approved by the City Council. The premium of the bond of the City Treasurer shall be paid by the city.
(Ord. 3378, passed - -1994)