§ 2.16.020. Bond.

Latest version.

The director of finance of the city shall execute and deliver to the city manager a bond for the sum as established by the city council from time to time, with a reputable surety company having a permit to do business in the state and which has complied with all the requirements of the laws of this state, which surety bond shall be approved by the mayor. The bond herein required shall be conditioned that the director of finance shall safely keep and preserve and pay out, only as legally authorized to do so, funds and moneys of the city of every kind coming into his or her custody of any character belonging to the city, and that he or she will faithfully perform and discharge all of the duties required of him or her by law in the capacities above described and shall account for and pay over to the city all moneys and property entrusted to him or her.

( Ord. No. 2015-01 , § 2, 1-13-2015)

                    
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