[Amended 2-20-1997 by Ord. No. 1430]
The City Treasurer shall, before taking the oath of office or entering upon any of the duties thereof, give lawful fidelity bond to the commonwealth for the use of the City of Butler and the taxing districts involved, with a surety company authorized by law to act as surety, covering the full term of his office, in the sum of $640,000, conditioned for the faithful performance of his official duties and for the accounting for and paying over of all moneys received by him in his capacity as City Treasurer and the safekeeping and paying over of all public moneys entrusted to his care, and that as Tax Collector of city, county, institution district and school taxes, he shall account for and pay over all moneys received by him as taxes, penalties and interest and for such other conditions as may be set forth by law.