[Derived from Ch. II of the Charter and Ordinances, 1974]
[Amended 2-6-1996, effective 2-20-1996; 12-14-2004, effective 12-22-2004]
Each person now holding the office enumerated in this section
or who is hereafter elected or appointed thereto shall execute and
cause to be approved and filed in the office of the Comptroller and
kept in force an undertaking to the City of Buffalo, or such elected
or appointed official may be covered under the blanket undertaking
or bond of the City of Buffalo, in the penal sum set opposite the
title or designation of the office, conditioned that he will faithfully
discharge the duties of his office and promptly account for, pay over
and deliver all money and property received by him belonging to said
City or, in default thereof, that the parties executing such undertaking
will pay all damages, costs and expenses resulting from such default,
not exceeding the sum therein specified. Each such undertaking shall
be executed by the officer as principal and by an incorporated surety
company authorized by law to transact business in the State of New
York as surety. The undertaking shall be subject to approval by the
Corporation Counsel as to form and by the Comptroller as to sufficiency.
The undertakings of the respective officers shall be:
|
Officer
|
Amount
|
|---|---|
|
President of the Council
|
$100,000.00
|
|
Mayor
|
$100,000.00
|
|
Comptroller
|
$300,000.00
|
|
Commissioner of Administration and Finance
|
$300,000.00
|
A.
The Director of Purchase may procure a blanket undertaking or bond
or a name schedule bond from any duly authorized corporate surety
covering officers, clerks and employees other than those required
specifically to be bonded by the Charter or Public Officers Law. Such
blanket undertaking shall indemnify against losses through any one
of the following conditions:
(1)
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)
Fraudulent or dishonest acts committed by the officers, clerks or
employees covered thereunder.
B.
Any bonds or undertakings procured by the Director of Purchase by
virtue of the authority herein conferred shall be in the minimum penal
amount of $300,000.
The premiums on all such bonds or undertakings required by this
article shall be paid by the City of Buffalo.
