Before entering upon the duties of their offices, the director of finance and the purchasing officer of the city shall each furnish to the city a bond executed in the manner and conforming to the provisions of the Government Code of the State of California relating to bonds of public officers. The penal sum of said bonds shall be as follows:
A. Director of finance, fifty thousand dollars;
B. Purchasing officer, fifty thousand dollars.
(Prior code § 2.12.470 (part) (Ord. 506 § 14 (part), 1961))