13-526a

Chapter 13.--CITIES OF THE FIRST CLASS
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS

Article 5.--EXECUTIVE DEPARTMENT; POWERS AND DUTIES OF OFFICERS

     
13-526a.   Bond of treasurer.
The city treasurer in cities of the first class shall, before entering upon
the duties of such office, give to the city a corporate surety bond with
a 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 sum
not less than fifty thousand dollars ($50,000). Such bond shall be conditioned
for the faithful discharge of the duties of the city treasurer, and that
such city treasurer shall safely keep all public moneys entrusted to his
or her care, and save such city free and harmless from all loss caused by
neglect of duty or malfeasance in office. Such bond shall be approved by
the city attorney before acceptance and filed with the city clerk. The
surety required by this section may be provided for by a blanket bond.

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