The Director of Inspections, before assuming the duties of his office, shall execute a bond for twenty-five thousand dollars ($25,000) to the City with such surety as the Mayor shall approve, conditioned upon the faithful performance of the duties of his office. The bond shall be for the benefit of any and all parties aggrieved by the acts or neglect of the Director or his employees.
(1958 Code Sec. 1301.02)