(A) Along with the qualification, a bond is required of certain officers, both elective and appointive, in order to qualify their office and is established by state statue.
(B) The bond for the Municipal Finance Officer, Mayor, Council members, and/or other officers, elective or appointive, as required by state statutes, shall hereby apply. No other bond requirements are applicable by city ordinances.
(C) It shall be the duty of the city to pay the premium(s) on all bonds required to be furnished by, and for, city officers and employees.
(Prior Code, § 1.0702)