(a) In accordance with Charter §§ 18 and 117, the following officers, clerks and employees shall give a bond in the amounts noted herein with surety to the approval of the Mayor and Council, conditioned upon the faithful performance and discharge of their respective duties, and then filed with the Director of Finance and Public Record. The city shall pay the premium on the bonds.
(b) The bond of the Mayor (ex officio Treasury Investment Account trustee) shall be $50,000.
(c) The bond of the Director of Law (ex officio Treasury Investment Account trustee) shall be $25,000.
(d) The bond of the Director of Finance and Public Record (ex officio City Treasury and ex officio Treasury Investment Account trustee) shall be $100,000.
(e) The bond of the Assistant Director of Finance and Public Record shall be $100,000.
(f) The bond of the Bailiff of the Shelby Municipal Court shall be $3,000.
(g) A blanket bond in the amount of $250,000 shall be purchased by the city to cover all employees, officers, clerks and officials, including those noted above.
(h) The bonds noted herein shall be in effect on and after January 1, 2005.
(Ord. 42-2004, passed 12-6-2004)