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Each bond shall be in a penal form, shall be executed by the official as principal and by a surety authorized to transact surety insurance business in the state and to execute official bonds, and shall be conditioned for the faithful performance of the duties of the respective office in accordance with law and that the official shall faithfully pay over all moneys which shall come into his hands by virtue of his position as such officer. The City Attorney shall approve all official bonds as to form; provided, that the City Attorney’s bond shall be approved by the Mayor. (Ord. 500 § 3, 1969).