§ 7.13. Preparation and record of bonds.

Each bond shall contain on its face a statement specifying the purpose for which the same is issued and it shall be unlawful for any officer of the city to use the proceeds thereof for any other purpose, and any officer of the City who shall violate this provision shall be deemed guilty of misconduct of office. All bonds issued by the City shall be signed by such officer or officers as may be designated by the City council and countersigned by the City clerk, under the seal of the City. The City manager shall be responsible for establishing and maintaining a complete and detailed record of all bonds issued by the city. Upon the payment of any bond, the same shall be marked "Canceled" or shall be destroyed.

(Amended by General Municipal Election on November 2, 2010)