149.02 OFFICIAL BONDS.
   (a)   All employees of the Director of Finance's office receiving or handling money, all other persons authorized to collect or handle any money belonging to the City, and all other persons required by law to be bonded, shall be bonded with corporate surety bonds written by a surety company authorized to operate in the State of West Virginia, in such amounts as Council shall determine by ordinance.
   (b)   The premiums on surety bonds required of officers and employees shall be paid by the City out of the appropriations for the departments concerned.
   (c)   All surety bonds required of officers and employees shall be approved as to form by the City Solicitor and City Manager and filed with the City Clerk, who shall keep a record thereof.
(1961 Code Sec. 143.02)