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Form a Business

Bonds of officers, agents and employees.

Memphis Charter, art. 65, § 676
in effect
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Sec. 676. - Bonds of officers, agents and employees. The Memphis light, gas and water division, if the board of light, gas and water division commissioners so elect, may insure the fidelity of any or all of its officers, agents, attorneys or employees, or may require them, or any of them, to execute bond; and the premium on any bond required by this Act, or on any of the aforesaid bonds that may be required by the board of Light, Gas and Water Commissioners, or the premium on any fidelity insurance, shall be paid out of the funds of Memphis light, gas and water division and be charged to operating expenses, unless the board of Light, Gas and Water Commissioners shall otherwise expressly provide by resolution. (Priv. Acts 1939, ch. 381, § 24)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART65LIGAWADI_S676BOOFAGEMFetched: 10/28/2026

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