(A)   The city establishes the office of City Engineer.
   (B)   The powers and duties of the City Engineer shall be as provided by statute or ordinance.
   (C)   Compensation shall be in the amount as established from time to time by the City Commission.
   (D)   No such person shall be appointed or act as City Engineer unless such person has taken the oath required by section 228 of the Constitution of the Commonwealth of Kentucky and has provided bond in the amount of $100,000 with corporate surety authorized to transact business in the Commonwealth and conditioned upon the performance of the specified duties.