(A) The city and its various employees may enter into a blanket bond to cover the faithful performance of all employees, commission members, and other persons acting on behalf of the city, including all individual positions set forth under I.C. 5-4-1-18.
(B) The city allows, but does not require, a blanket bond for every single employee. The city anticipates the issuance of two separate bonds among all the employees; however, this section shall allow the various governmental bodies to enter into one total blanket bond if deemed appropriate by the city officials involved.
(C) All bond amounts and terms shall be as required and set forth in I.C. 5-4-1-18.
(`81 Code, § 35.01) (Ord. 1759, passed 8-2-82; Am. Ord. 1999, passed 7-2-90)