No member of the City government shall become surety for any
contractor with the City nor for any official of the City, nor shall
any officer or committee or commissioner of the City or any person
acting under authority of the City accept any such bond with the City
bearing the name of any person as surety who, at the time of execution
of said bond, was a member of the City government.
No officer or agent of the City who in his official capacity
shall, by law or ordinance, be authorized to receive money for or
in behalf of the City shall become surety for any contractor with
the City or for any other person, firm or corporation.