§ 2.14. Official bonds for city employees.
Such city officers and employees as the council may require shall, before entering upon the duties of their offices or employment of the city, enter into good and sufficient fidelity bonds acceptable to the council and in sums to be determined by the council, payable to the city and conditioned upon the faithful discharge of the duties of such persons and upon the faithful accounting of all monies, credits and things of value coming into the hands of such persons. Such bonds shall be signed as surety by companies authorized to do business under the laws of the State of Texas, and the premiums on such bonds shall be paid by the city.