13-526a.   Bond of treasurer.The city treasurer in cities of the first class shall, before entering uponthe duties of such office, give to the city a corporate surety bond witha surety company duly qualified under the insurance laws of this state,in such form and amount as may be required by the governing body, in a sumnot less than fifty thousand dollars ($50,000). Such bond shall be conditionedfor the faithful discharge of the duties of the city treasurer, and thatsuch city treasurer shall safely keep all public moneys entrusted to hisor her care, and save such city free and harmless from all loss caused byneglect of duty or malfeasance in office. Such bond shall be approved bythe city attorney before acceptance and filed with the city clerk. Thesurety required by this section may be provided for by a blanket bond.

      History:   L. 1976, ch. 86, § 1; July 1.