Sec. 2-186. Bonds.[87]
All city employees and officials shall give bond to the city, with
corporate surety to be approved by the finance committee of the
city council, conditioned so as to secure the faithful performance
of their duties to the city. The penalties of such bonds shall be as
follows:
City treasurer |
$40,000.00 |
Purchasing agent |
10,000.00 |
Director of finance and clerk of the council |
10,000.00 |
City manager |
10,000.00 |
All other officials and employees of the city, each |
5,000.00 |
The premium on all such bonds shall be paid by the city. (Code
1959, § 2-186; 8-19-68.)