(a) The following named Municipal officials and employees shall post bonds, with premiums to be paid by the City guaranteeing their dutiful and faithful performance of duties and application of all moneys received and held for purposes of Municipal trust and business in a form approved by the Director of Law. Such bonds shall be in the amount and for the positions and offices as follows:
(1) Director of Finance $50,000
(2) Mayor $50,000
(3) Chief Accountant $50,000
(4) Clerk of Council $50,000
(5) All other Municipal employees $2,000
(b) Such bonds may be purchased annually by the Municipality without the necessity of advertising and solicitation of public competitive bidding.
(Ord. 89-2021. Passed 12-14-21.)