§ 12.03. Official bonds.

Latest version.

The city administrator and such other officers or employees of the City as may be specified by ordinance shall each, before entering upon the duties of his respective office of employment, give a corporate surety bond to the City as security for the faithful performance of his official duties and the safekeeping of the public funds. Such bonds shall be in such form and amount as the council determines and may be either individual or blanket bonds in the discretion of the council. They shall be approved by the city council and filed with the city administrator. The provisions of Minnesota laws relating to official bonds not inconsistent with this charter shall be complied with. The premiums on such bonds shall be paid by the City.

(Ord. No. 2011-21, § 1, 2-14-12)

                    
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