(A) The following city officers shall give bonds in the following amounts:
(1) Mayor - $3,000;
(2) City Manager - $50,000; and
(3) City Finance Officer - $250,000.
(B) The above bond shall be secured by the city under a blanket bond furnished by a competent surety company. The premium shall be paid by the city.
(1975 Code, § 2-33) (Ord. 507, passed 2-5-1968)
Statutory reference:
Amount of Finance Officer’s bond, see SDCL § 9-14-6.1
Bonding of city officers, see SDCL § 9-14-6
Place of filing of bonds, see SDCL § 9-14-9