[R.O. 2008 §115.214; Ord. No. 6643 §4, 2-12-2002; Ord. No. 24-2007 §4, 12-13-2007]
The City Administrator, before entering upon his/her duties of his/her office, shall file with the City a bond in the amount of fifty thousand dollars ($50,000.00); such bond shall be approved by the City Council and such bond shall insure the City of Louisiana for the faithful and honest performance of the duties of the City of Louisiana and for rendering a full and proper account to the City of Louisiana for funds and property that shall come into the possession or control of the City Administrator. The cost of such bond shall be paid by the City of Louisiana; however, should the City Administrator be covered by a blanket bond to the same extent, such individual bond shall not be required.