Sec. 40.302. - Bond and insurance coverage.

Before the Tax Collector appoints a person as a collection agent for the collection and receipt of utility bills, the Tax Collector shall obtain and file with the Corporation Secretary a faithful performance bond, in a form approved by the Office of General Counsel, and a broad form money and securities policy, in a form approved by the Office of General Counsel. The bond and the policy shall each be in an amount determined by the Tax Collector to be a fair representation of the approximate amount of money received by the agent daily, but in no event in an amount less than $1,000. (Ord. 74-1060-441, § 1; Ord. 83-591-400, § 1) Note— Former § 26.302.