Chapter 2.40
BONDS FOR OFFICERS

Sections:

2.40.010  Bonds required – Amounts, blanket bond authorized.

2.40.020  Premium payments.

2.40.030  Refusal to give bond – Vacation of office.

2.40.010 Bonds required – Amounts, blanket bond authorized.

The finance director, city clerk, deputy city clerk, chief of police and city attorney shall be bonded and may be so bonded by an individual bond policy or by a blanket bond policy including other city employees, naming the city of Edmonds as its beneficiary and bonding all covered officers and employees for $5,000 or more for fidelity, for $5,000 or more for faithful performance, and for $45,000 or more as an aggregate excess fidelity coverage. The surety for such bond shall be a surety company authorized to do business in the state of Washington, or an unauthorized surety insurer as a surplus line pursuant to Chapter 48.15 RCW. Any such bond offered in satisfaction of this section must be approved by the mayor. [Ord. 2317 § 1, 1982].

2.40.020 Premium payments.

The premium of bonds meeting the requirements of this chapter shall be paid by the city of Edmonds. [Ord. 2317 § 2, 1982].

2.40.030 Refusal to give bond – Vacation of office.

Upon the failure or refusal of any city officer to give bond as required by law, and within a reasonable time, the council shall have the power to declare his office vacant. [Ord. 2317 § 3, 1982; Ord. 268 § 3, 1913].