[Adopted as Art. 141 of the 1979 Codified Ordinances]
[Amended 5-27-1958 by Ord. No. 42-1958]
The public employees faithful performance blanket position bond in the amount of $50,000 shall indemnify the City against any loss caused to the City through the failure of any officer or employee of the City to perform faithfully his duties or to account properly for moneys and properties received by virtue of his position or employment, except those officers and employees which are covered by a specific bond.