§ 18.14. Fidelity bonds.  


Latest version.
  • Before entering upon the duties of their respective offices or positions, the director of finance, the metropolitan treasurer, the collections officer, the chief accountant, the director of personnel, the purchasing agent and such other officers and employees of the metropolitan government as shall be required by council resolution upon the recommendation of the mayor, shall execute corporate surety bonds and file said bonds with the metropolitan clerk. The sum of the individual bonds shall be fixed by the council resolution, but the amount of the bond shall not in any case be less than one thousand dollars ($1,000.00). The bond premiums shall be paid from the general fund of the general services district. All such bonds and sureties thereon shall be approved by the department of law before being accepted by the metropolitan clerk.