Chapter 2.66
BONDS

Sections:

2.66.010    Official bonds.

2.66.020    Approval and payment of official bonds.

2.66.010 Official bonds.

A. Borough Clerk. The borough clerk shall, before entering upon the duties of the office, be bonded by the borough in such sum as the assembly shall direct.

B. Borough Chief Fiscal Officer. The chief fiscal officer shall, before entering upon the duties of the office, be bonded by the borough in an amount not less than $100,000, which bond shall be conditioned that the chief fiscal officer will faithfully and honestly collect, keep and disburse all the moneys belonging to the borough.

C. Other Officers and Employees. Each borough officer and employee who collects, has custody of or disburses any public moneys, or who has custody of and issues materials, supplies and equipment, shall, at the expense of the borough, be bonded in such amount as the borough assembly may determine.

2.66.020 Approval and payment of official bonds.

A. The premiums on all official bonds shall be paid by the borough.

B. All official bonds must be approved by the borough attorney as to form and financial sufficiency and thereafter delivered to the chief fiscal officer for acceptance, filing and safekeeping.

C. Until and unless bonded as required herein, no officer or employee of the borough shall handle any public moneys, materials, supplies and equipment at any time, except employees of bonded officers may do so under their specific direction and control. A single bond covering all employees required to be bonded may be procured.