(a) The Mayor, shall give bond in the amount of five thousand dollars ($5,000). Any officer of the City whose duty requires the handling of, or accountability for money or property and any other officer of the City, of whom it may be required from time to time by ordinance, shall give bond in such amount as may be prescribed by Council.
(b) All bonds required by subsection (a) hereof, must be given within twenty days after the election or appointment of the officer, or on or before the date fixed for the beginning of his term of office in case his term does not begin within twenty days from his election or appointment. If such bond be not given within such time, then the office shall become ipso facto vacant if the officer is one elected by the people; if not elected by the people, then the office may be declared vacant in the discretion of Council, and in every case, the vacancy shall be filled as prescribed by law; provided, that no officer shall enter upon the discharge of the duties of his office until the bond required for such office shall have been given.
(c) All official bonds shall be made payable to “The City of St. Marys” and shall be with the condition that the officer shall faithfully perform the duties of his office and faithfully account for all property and pay over, as required by law, all moneys which may come into his hands by virtue of his office.
(d) All official bonds shall be accepted only upon the approval of Council as to form and surety, and before being approved as to form shall be submitted to and approved by the City Attorney.
(e) All official bonds shall be filed with and preserved in the office of the City Recorder.
(f) When any officer of the City is required to give an official bond, he shall give as his surety an incorporated surety company authorized to do business in the State.
(g) Council may, in its discretion, require a new bond to be given by any officer of the City, and if new and satisfactory bond is not given within twenty days after notice of such requirement has been given in writing to the officer in question, the office of such officer shall become vacant ipso factor and the vacancy shall be filled according to law.
(h) The premiums on all bonds required of either elected or appointed officers or employees of the City shall be paid by the City and through the General Fund of the City.
(1972 Code §2-6-7 to 2-6-14)