§ 10.06. Surety Bonds.

Latest version.

Before starting employment or entering the duties of office, all City officers, the City Manager and all City employees whose duties will include the handling of moneys shall make surety bonds in amounts and with surety companies acceptable to the City Council. Surety companies must be authorized to do business in Texas. The condition of a surety bond shall be that the principal will faithfully perform the duties of office and account for and pay to the City all moneys and property coming into the principal's hands and belonging to the City and comply with applicable State law. The City will pay the premiums for these bonds.

                    
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