[Adopted as amended 5-17-2005 by Ord. No. 5938 (Art. II, Ch. III, Section E, § 2.76, of the 1993 Code)]
Every employee required by ordinance of the City or the Illinois Compiled Statutes to furnish bond shall furnish a bond to the Director of Finance in such form as is acceptable to the City Manager, and in the amount specified by Illinois Compiled Statutes. The City shall bear the costs of all such bonds.