Ord 1760 - TOWN CODE RELATING TO THE BONDS REQUIRED OF CERTAIN TOWN OFFICIALSORDINANCE NO. 1760
AN ORDINANCE AMEND ;NG CHAPTER 2
OF THE TOWN CODE RELATING TO THE BONDS REQUIRED
OF CERTAIN TOWN OFFICIALS
The Town Council of the Town of Los Gatos hereby ordains:
SECTION 1_
Section 2 -4 of the Town Code is hereby amended to read as follows:
Section 2 -4. Bonds Required of Certain City Officials
The officials of the Town set out in this section shall, before entering
upon the duties of their respective offices, each execute a bond to the town, which
shall conform to the provisions of the Government Code of the State relating to
bonds of public officials. Each such bond shall be executed by a surety company
authorized to do business in the State and the premium upon such bonds shall be paid
by the Town out of its General Fund.
The penal sum of such bonds shall be as follows:
Town Manager ................ 0................. $100,000.00
Town Clerk ..... ............................... 50,000.00
Town Treasurer . ............................... 250,000.00
The Town Council shall approve all bonds of officials of the Town and when
approved the bond of the Town Clerk shall be filed with Mayor and bonds of other
officials shall be filed with the Town Clerk.
This ordinance was introduced at a regular meeting of the Town Council on
the 1 day of August , 1988 and
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of
Los Gatos, California, held on the 6 day of September 1988 by the
following vote:
AYES: COUNCIL MEMBERS Joanne Benjamin, Thomas J. Ferrito,
Robert L. Hamilton, Brent N. Ventura & Mayor Eric D. Carlso
NOES: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS None
ABSENT: COUNCIL MEMBERS None
SIGNED:
MAYOR OF THE TOWN OF LOS GATOS
ATTEST:
DEPUTY CLERK OF THE TOWN 0 OS GATOS
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