§ 2-69. Official bonds.

(a)

Each town officer, employee and agent who, in the course of his official duties, will have in his possession, custody or control any money, negotiable instruments, securities or other liquid assets belonging or due to the town which at any time exceeds in value the sum of $100.00 shall, before entering upon the discharge of his duties, give bond payable to the town, with corporate surety and in such amount as shall be determined by the town council, conditioned upon the faithful performance of his duties and to make a true accounting of all town assets coming within his possession, custody or control. However, the bond of the town treasurer, his deputies and assistants shall be in amount of not less than $5,000.00, and the bond of the town sergeant shall be in amount of not less than $5,000.00. Further, any person holding two or more offices or positions concurrently shall give bond in amount of not less than the highest amount which may be specified for any such office or position.

(b)

Each town officer, employee and agent who, in the course of his official duties, is authorized to carry any firearm shall, before entering upon the discharge of his duties, give bond to the town, with corporate surety and in amount as may be fixed by the town council, but not less than $30,000.00, conditioned upon the payment of all claims, judgments and decrees resulting from the negligent or unlawful use of such firearm by himself or by any other person with his knowledge and consent.

(c)

In lieu of individual bonds, the town council may provide for a system of blanket bonding covering all persons who, by this section, are required to be bonded.

(d)

All bonds required by this section shall be approved by the town attorney as to legality and form and by the town council as to sufficiency, and the premiums thereon shall be paid by the town. Bonds shall be filed in the office of the town clerk.

(Code 1992, § 2-1)

Charter reference— Bonds of town officers, § 5.

State Law reference— Bonds of town officers, Code of Virginia, § 15.2-1532.

(Code 1992, § 2-1)

State law reference

Bonds of town officers, Code of Virginia, § 15.2-1532.

Charter reference

Bonds of town officers, § 5.