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CITY OF NORTH OLMSTED <br />ORDINANCE N0. 62 - ~` _ <br />CODIFIED ORDINANCES N0. 161.06 <br />By _, ~ ~~~ <br />AN ORDINANCE AMENDING SECTIONS(a)and (b) of <br />SECTION 161.06 OF THE CODIFIED ORDINANCES OF <br />THE CITY OF NORTH OLMSTED, OHIO, 1961, ENTITLED <br />'tBONDSt' PROVIDING FOR FAITHFUL PERFORMANCE BONDS <br />REQUIRED TO BE POSTED BY OFFICIALS AND EMPLOYEES <br />OF THE CTTY OF NORTH OLMSTED, OHIO, AND DECLARING <br />AN EMERGENCY. <br />WHEREAS, the council of the City of North Olmsted <br />upon the suggestion of the Ohio State Examiners has reviewed the <br />amount of the faithful performance bonds to be required of its <br />officials and employees and as a result of that review has de- <br />termined that the interest of the city would be better served <br />by certain changes therein; and <br />WHEREAS, the present bonds are in force and effect <br />on temporary binders pending the passage of legislation setting up <br />the new requirements. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE <br />CITY OF NORTH OLMSTED, STATE OF OHIO: <br />~:~: <br />Section 1: That Section 161.06 Chapter 161 of the <br />Codified Ordinances of the City of North Olmsted enacted as part <br />of the Codif ication of Ordinances of the City of North Olmsted on <br />December 19, 1961, reading as follows: <br />+t(a.) The following persons shall be required to furnish <br />a good and sufficient surety bond conditioned upon the faith- <br />ful performance of their position in the respective amount <br />set forth herein. The premium payable on any such bond shall <br />be paid by the City. <br />Finance Director and Secretary to the <br />Finance Director ...•••••••••••••••••• $10,000. each <br />Building Commissioner $ 5,000. <br />Municipal Bus Line Superintendent of <br />Operations and Bus Inspector ,......... $ 5,000. each <br />(b) A blanket bond of $1,000.00 shall cover all other <br />City officers and employees except those specifically men- <br />tioned herein and as otherwise provided by law." <br />be and the same is.hereby amended to read as follows: <br />«(a) The following persons shall be required to furnish <br />a good a.nd sufficient surety bond conditioned upon the faith- <br />ful performance of their position in the respective amount <br />set forth herein. The premium payable on any such bond shall <br />be paid•by the City. $20,000. <br />Director of Finance ................... <br />Secretary to the Director of <br />Finance ........................... $20,000. <br />Building Commissioner .••.••••••••••••• $10,000. <br />Mayor .............................. $ 1,000. <br />-~ ~; _ <br />