(A) Every officer, employee, or agent of the city who in the course of his or her official duties receives, handles, or has custody of or control over more than $100 of city funds, or other amount deemed appropriate by the Municipal Court, negotiable instruments or securities at any time shall, before entering upon his or her duties as such officer, employee, or agent and within ten days of his or her election or appointment, give bond, payable to the city, with corporate surety, in such amount not less than $500, or other amount deemed appropriate by the Municipal Court, as shall be determined by the Common Council, and conditioned upon the faithful performance of his or her duties, a true accounting to give of all city funds, negotiable instruments, and securities received or handled by him or her or coming within his or her custody or under his or her control, and payment thereof to the city; provided, that the bond of the City Treasurer shall be in the amount of not less than $15,000, or other amount deemed appropriate by the Municipal Court, the bond of the City Clerk shall be not less than $15,000, or other amount deemed appropriate by the Municipal Court; and provided further, that during any period when two or more positions are held by the same person, the bond for such person shall be in the amount of not less than the highest amount required for any one of such positions.
(B) The Common Council may adopt a system of blanket faithful performance and honesty bonding as an alternative to the individual bonds provided in division (A) above; provided, that the amounts as specified in division (A) above for the positions named therein shall remain the same as therein specified.
(C) All officers, employees, and agents of the city who, in line of duty, are required or authorized to carry firearms, shall give bond, payable to the city, with corporate surety, in such amount not less than $10,000, or other amount deemed appropriate by the Municipal Court, as may be specified by the Common Council, and conditioned upon the faithful performance of their respective duties and the payment of any judgment or decree which may be rendered against them for the negligent or unlawful use or handling of such firearm and to save the city harmless from all claims and demands whatsoever for the negligent or unlawful use or handling of such firearm.
(D) The City Attorney shall approve all bonds required by this section with respect to their form and legality; and the premiums thereon shall be paid by the city. The Common Council shall approve all bonds required by this section with respect to their sufficiency. All bonds required by this section shall be in the custody of the City Clerk.
(Prior Code, § 2-1)