No person shall be eligible to hold any office who is not a
qualified elector of the City and who shall not have resided therein
for at least one year next preceding his election or appointment,
nor shall any person be eligible who is a defaulter to the City.
The City Council shall have the power to purchase liability
insurance covering and insuring all municipal officers, employees
and elected officials; said insurance to cover incidents occurring
while in the performance of their duties, which insurance may insure,
cover and protect any liability which the municipal corporation, officer,
employee or elected official may incur. When said insurance has been
purchased, the City shall be responsible for all premiums and deductible
charges called for by any valid liability insurance policy covering
the municipal corporation, officer, employee or elected official.