[Amended 3-2-1959; 12-18-1972]
A.
In accordance with Sec. 42 of the City Charter, the following named employees and officers of the City shall, before entering upon the duties of their respective offices or positions, each give a penal bond to the City in the sum indicated thereafter, which bonds shall be approved as to the sufficiency of sureties by the City Council and as to form and method of execution by the Corporation Counsel:
B.
Each bond shall contain a condition that the officer or employee by whom it is given will faithfully perform the duties of his office or position and will in all things render a full, true and exact account of all moneys and property of every name and nature coming to his hands as an officer or employee and will make a true and full settlement, payment and transfer of all such money and property.
C.
The bond of each constable shall provide, in addition, that he will pay, to each and every person who may be entitled thereto, all such sums of money as he may become liable to pay on account of any execution which shall be delivered to him for collection and that he will pay to each and every person all damages which such person or persons may sustain from or by any act or things done by said constable by virtue of his office as constable.
D.
Pursuant to § 11, Subdivision 2, of the Public Officers Law, the City may procure a blanket undertaking from any duly authorized corporate surety to cover all officers, clerks and employees of the City, including the City Judge and City Clerk, but excepting the City Comptroller and constables. Such blanket undertaking shall indemnify against losses through one of the following conditions:
[Amended 12-18-1972; 10-21-1991 by L.L. No. 6-1991]
(1)
Through the failure of the officers, clerks and employees covered thereunder faithfully to perform their duties or to account properly for all moneys or property received by virtue of their positions or employment; or
(2)
Through fraudulent or dishonest acts committed by the officers, clerks and employees covered thereunder.
[Amended 12-18-1972]