§ 2.24.040. Faithful performance bond  


Latest version.
  • The finance director shall furnish to the city a corporate surety bond to be approved by the city council in such sum as established by resolution of the city council following the recommendation of the city attorney, which bond shall be conditioned upon the faithful performance of the duties imposed on the finance director as prescribed by law or ordinance. The bond premium shall be paid by the city.

(Ord. No. 351, § 4, 2-24-1999)