§ 2-1646. Bonds of city officials.

(a)

Bond shall be given to the city for the faithful performance of his or her duties, and the correct accounting for and delivery to the city of all moneys or other property in his or her custody and belonging to or under control of the city, by each and every officer or employee indicated in the following list and enumeration, for the amount set opposite his or her proper designation:

Director of finance	$1,000,000.00
City auditor	250,000.00
City treasurer	1,000,000.00
Commissioner of purchases and supplies	250,000.00
Each officer or other employee whose duties include the receiving, custody or disbursement of money or other property in such sums or of such values as the director of finance may require, not to exceed	500,000.00

 

(b)

All such official bonds shall be given upon the security of a reliable surety company duly authorized to do business in the state and empowered by law to sign surety or give bonds for the faithful discharge of duty by public officers and others.

(c)

The premium on all such official bonds shall be paid by the city from appropriation made to the respective offices.

(Admin. Code 1967, § A11.22; Ord. No. 32750, 6-3-66; Ord. No. 34695, 12-15-67; Ord. No. 54335, 9-2-82; Ord. No. 150470 , § 1, 6-18-15)

Cross reference

Officers and employees, § 2-971 et seq.

Charter reference

Surety bonds for public officials, § 97.