A. Requirement: Each officer or employee of the city receiving or paying out money in behalf of the city shall give bond, with some surety company, authorized to do business in the state as surety thereon, in such an amount as shall be required by the city administrator or city clerk, and approved by the city council.
B. Amount Of Bond: The amount of the bond shall, as nearly as may be estimated, equal the amount of money coming into the possession of the officer or employee within the fiscal year. (1983 Code § 2-501)
Notes
| 1 | 1. See section 8-7 of the city charter. |