Pasadena Municipal Code Ch. 2.350 Acceptance of Sureties

A. No bond or undertaking executed by a corporation as surety delivered to the city pursuant to the provisions of the Charter of the city, any ordinance or resolution of the city, any law of the state, or pursuant to the provisions of any contract or agreement to which the city may be a party shall be accepted by any officer of the city for and on behalf of the city unless both of the following are true:

1. The surety on any such bond or undertaking is a corporation authorized by the Insurance Commissioner of the Department of Insurance of the state to transact surety business in the state;

2. There is on file, either with the county clerk or the city clerk, a copy, duly certified by the proper authority and attested by the seal of the corporation, of the transcript or record of appointment entitling or authorizing the person or persons purporting to execute such undertaking or bond for and on behalf of such corporation to act in the premises;

B. It shall be the duty of the city clerk to note by appropriate endorsement on all such bonds and undertakings presented to the city for acceptance the compliance or noncompliance with this section after verifying the fact of filing.

(Ord. 6229 § 2 (part), 1987)