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Ordinance 624 e e ; ORDINANCE NO. 624 ORDINANCE NO. 624 OF THE CITY OF GILROY DESIGNATING OFFICIALS AND EMPLOYEES ~~10 MUST BE BONDED AND FIXING AMOUNT AND CR~RACTER OF SUCH BONDJDECLARING AN E~~RGENCY EXISTS AND TR~T ORDINANCE IS TO TAKE EFFECT IMMEDIATELY. The Council of the City of Gilroy does ordain as follows: Section~. The following officials of the City of Gilroy shall be bonded with a Statutory Public Officials Bond which shall include faithful performance provisions or conditions, in the following amounts: Title of Official Amount of Bond -- Director of Finance Assistant Director of Finance City Clerk $ 50,000.00 50,000.00 5,000.00 Said bond shall be so written as to include provisions consti- tuting a "Public Employees' Honesty Blanket Position Bond" in amount of $2,500.00 covering such officers and employees in all City offices and departments as may be designated by the Council. Section 2. All bonds hereinbefore specified shall indemnify the City of Gilroy against loss up to the penal sum of the bond relating to such loss, and the premium on the bond shall be paid by the City of Gilroy. All bonds shall be executed by a responsible corporate surety whose financial standing and qualifications shall be approved by the City Administrator. Section~. All ordinances and parts of ordinances in conflict herewith are hereby repealed. Section 4. This ordinance is an emergency measure necessary for the immediate preservation of the public peace, health and safety of the City of Gilroy within the meaning of Section 602 of the City Charter, and shall go into immediate effect. The facts constituting such necessity are: The officials and employees mentioned wi.thin this ordinance have custody or care of the funds and securities of the City of Gilroy, and at times are in possession or have under their control monies and/or securities of $300,000 to $400,000 in value, and it is essential for the protection of -1- . e e the City of Gilroy and its taxpayers that those persons having control of funds or monies of such extent be properly bonded, and there is no present ordinance of the City of Gilroy requiring that bonds be furnished in an amount that is sufficient to provide protec- tion for the City of Gilroy. PASSED AND ADOPTED this J 6th day of May I 1960 by the following vote: AYES: COUNCILMEN Goodrich, Jordan, Pate, Rush, Wentworth NOES: COUNCILMEN None ABSENT: COUNCILMEN Petersen, Sanchez / I J L./ L I;~ . Mayor -7. )".7c };,..::tr.. ATTEST: c. l;. _<' ( , ",' . -.J \. /. City Clerk -""_w"',_ -"' ''''' -.' .v.".,._"'....... .v.- ,"".-",.. . "', "''''"~,.."'''~''''..."''''','',''_"''',......'',,." I , G . R . Carr ,City Clerk of the City of Gilroy, do hereby certify that the attached Ordinance No. 624 is an original ordinance, duly adopted by the Council of the City of Gilroy at a regular meeting of said Council held on the 16th day of May , J9~, at which meeting a quorum was present. I further certify that the said ordinance has been pub- lished in accordance with the charter of the City of Gilroy. IN WITNESS WHEREOF, I have hereunto set my hand and af- fixed the official seal of the City of Gi lroy, this 17th day of Hay , 19-2.Q L -> /2 (''7 /' L,c:;'/:;,) .dL ~ 'I. ./ City Clerk of the City of Gilroy