[Adopted 1-17-1924 by Ord. No. 1; amended in its entirety 5-3-2007 by Ord. No.
1774 (Ch. 1, Part 3, of the 1986 Code of Ordinances)]
All City officers who are or may be required by law or ordinance to give bond to the City, conditioned for the honest and faithful performance of their official duties, shall before entering upon the duties of their respective offices give bond to the City, conditioned as aforesaid, in the several sums set forth in § 44-2 of this article, which a bonding or security company, to be approved by the City Council, as surety thereon; and the premium on all such bonds shall be paid by the City by a proper warrant on the Treasurer thereof.
[Amended 4-9-2015 by Ord.
No. 1867]
The amount of the bond to be given by said City officers, until
changed by ordinance, shall be as follows:
The bonds of all City officers, after they have been approved
by the City Council, shall be filed with the City Clerk and remain
in his/her custody. The City Solicitor and Engineer may provide evidence
of liability insurance coverage in lieu of a bond.
[Amended 4-9-2015 by Ord.
No. 1867]
The City Treasurer shall give lawful fidelity bond to the commonwealth,
with a surety company authorized by law to act as surety, to be approved
by the City Council, in the sum of $1,000,000, conditioned for the
accounting and paying of all monies received by him/her in his/her
capacity as City Treasurer and the safekeeping and payment of all
public monies entrusted to his/her care, and that, as collector of
the City and School District taxes and as collector of delinquent
City and School District taxes, he/she shall account for and pay all
monies received by him/her as taxes, penalties and interest.
