Pursuant to the requirements of state law the bonds to be furnished or required of the City Clerk-Treasurer are fixed as follows:
(A) A general bond in the amount of $50,000;
(B) A bond as custodian of Barrett Law funds in the amount of $25,000; and
(C) A bond for special bond issues in the amount of $50,000.
(1987 Code, § 2-13) (Ord. 2-76, passed 1-5-1976)
Statutory reference:
Bonded officers and employees, see I.C. 5-4-1-5.1
Minimum bond requirements, see I.C. 5-4-1-18