It is declared to be the policy of the City to recognize and encourage meritorious actions on the part of its officers and employees. To this end, letters of commendation concerning City employees from their superiors and from members of the public with whom they deal shall be directed to the attention of the Mayor and Council and then recorded in the employee's personnel file. In addition, the Mayor and Council may, of their own motion, commend the work of particular officers and employees and cause such commendation to be inserted in their personnel files.
A. 
Every officer or employee of the City who, by virtue of his/her office or position, is entrusted with the receipt, custody or expenditure of public moneys or funds, and any other officer or employee who may be required to do so by the Mayor and Common Council, before entering upon the duties of his/her office or position, shall execute and deliver a surety bond in such amount as may be fixed by the Mayor and Common Council, binding him/her to the City in its corporate name and conditions upon the true and faithful performance of his/her duty. Each officer or employee required by law to give bond shall execute such bond with sufficient surety and deliver the same to the City Clerk, except that the Clerk shall deliver his/her bond to the City Treasurer before he/she enters upon the discharge of his/her duties of the office or employment.
B. 
In every case in which any person is required by the laws of this state or by any ordinance of the City to give a bond for the faithful performance of his/her duties, such bond shall be secured by a corporate surety authorized to do business in this state and the premium therefor shall be paid by the City. Each such bond shall be approved by the City Solicitor as to form and sufficiency and nothing in this section shall be construed to prevent the use of one or more blanket bonds when so approved.