The city treasurer shall furnish a corporate surety bond in the amount of one hundred thousand dollars, or such higher amount as may be approved by resolution of the city council, from a surety approved by the city attorney, for the faithful performance of the duties imposed upon the city treasurer. Pursuant to the provisions of Government Code Section
1463, the city may procure and maintain a government crime insurance policy or employee dishonesty insurance policy, including faithful performance, in an amount set by resolution of the city council, as an alternate to the surety bond. The premium for such bond or insurance policy shall be a proper charge against the city.
(Ord. 90-02 § 1 (2.15.040); Ord. 15-06 § 3)