[Amended 11-4-1987 by Ord. No. V-140]
City officers shall execute official bonds in the penal amount
herein set forth before they enter upon the discharge of the duties
of their offices, and if any such officers shall neglect to execute
the bonds required of him within 10 days after the date of his election
or appointment, his office shall be declared vacant by the Council:
Officer
|
Amount of Bond
|
---|
City Clerk
|
$10,000
|
Comptroller
|
$10,000
|
City Treasurer
|
$25,000
|
Water Registrar
|
$10,000
|
Collector of Revenue
|
$25,000
|
The bonds of the aforesaid officers shall be approved by the
City Attorney and shall be executed with two or more sureties, conditioned
as provided by ordinance of the City and the laws of the state. The
sureties shall be residents and freeholders of the City of Hoboken
and shall justify separately that they are respectively worth the
sums to be stated in their respective justification, over and above
all debts by them owing or incurred or for which their property is
liable or encumbered at the time of justification and over and above
all exemptions by law of their property from execution. The sums stated
in such justifications on the bond of any such officer shall, in the
aggregate amount be equal to double the penalty of such bond. The
execution of such bond shall be acknowledged by the officer and his
sureties before some person authorized to take acknowledgments of
deeds, and a certificate of such acknowledgment shall be made thereon.
The City Clerk shall also endorse and certify on each bond,
before the same is filed with him, the action of the Council approving
the same and the time of such approval.
Each of the aforesaid officers shall renew his bond annually,
and if he fails to renew it, his office shall be declared vacant by
the Council.
In case of the death or insolvency of any of the sureties on
the bond of any City officer, the Council shall require the officer
who has given such bond to give a new bond, and if any such officer
fails to furnish such new bond within five days from the date of such
requirement, his office shall be declared vacant by the Council.
Any of the aforesaid officers may, at his option, furnish a
bond executed by a surety company authorized by law to transact business
in the State of New Jersey. The premium for such bond shall be paid
by such officer.