§ 2-252. Bond of chief procurement officer.

The chief procurement officer and the chief procurement officer's signatory designee shall individually give a bond in the sum of $150,000.00 payable to the city, conditioned upon the faithful performance by the official of all duties devolved upon such official and for the faithful accounting to the city for all goods and money that may come into the hands of such official and to indemnify and hold the city harmless for and on account of all the acts of such official in the performance of such official's duties. This bond shall be given by the official before entering upon the discharge of duties and shall be maintained by the official during the official's term of office. The city shall pay the premium on the bond.

(Ord. No. 2002-71, § 41, 9-16-02; Ord. No. 2007-05 (06-O-0381), § 2, 1-22-07)