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ORD 91-09• #• AN ORDINANCE REQUIRING CERTAIN OFFICERS AND EMPLOYEES OF THE CITY OF OTSEGO TO FURNISH OFFICIAL BONDS AND FIXING THE AMOUNTS THEREOF The City Council of the City of Otsego, Minnesota, ordains: Section 1. The following officers and employees of the City of Otsego, before entering upon the discharge of their duties, shall each execute and furnish an offical bond, the respective amounts thereof to be as follows: CITY CLERK ........................$ 100,000.00 DEPUTY CITY CLERK .................$ 100000.00 CITY TREASURER ....................$ ion -,08.00 SECRETARY .........................$ 100 000_00 Section 2. The official bonds of all officers and employees shall be executed in favor of the City of Otsego, Minnesota, and shall be approved and filed.as required by law. Section 3. The official bond of each officer and employee shall be executed in such form as to require the faithful performance of official duties and the proper application of, and payment upon demand for, all moneys officially received by each such officer and employee. Section 4. The offical bond of each officer and employee required to be furnished shall be covered by a blanket bond obtained by the city. (a corporate surety bond.) Section 5. The premiums for the offical bonds shall be paid from the general fund of the City of Otsego. Section 6. This ordinance shall take effect and be and remain in.force from and after its passage and publication. Dated this 11th day of March, 1991 JIY .OF.- ITSF.GO F FRESKE, MAYOR ATTEST: —LIP - P1717,-Z� Pts�'IE "D ULT, CLERK