All officers and employees, including the City Auditor, but not including the
Mayor and City Commissioners, shall furnish a bond or bonds protecting the City
against dishonesty, which bond or bonds shall be in the amount of $10,000 per
employee, with a further bond or bonds written as excess in the amount of
$40,000 per employee. Such bond or bonds shall run to the City, and the premium
shall be paid by the City.
