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Form a Business

Bonds—Required; conditions and amount.

Memphis Code of Ordinances § 2-4-1
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Sec. 2-4-1. - Bonds—Required; conditions and amount. The officers of the city shall, unless otherwise specifically provided in the Charter, execute bonds with a surety company qualified under the laws of the state to execute bonds, as surety, for the faithful performance of their respective duties. If any officer handles any money belonging to the city, his or her bond shall, in addition to the foregoing condition, be conditioned that he or she will faithfully and punctually pay over and account for all money coming into his or her hands as such officer. The penalties of the official bonds shall be in such amounts as fixed by the city council. (Code 1967, § 2-20; Code 1985, § 2-31)
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/code_of_ordinances?nodeId=TIT2AD_CH2-4CIOFGE_S2-4-1BOEQCOAMFetched: 10/28/2026

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2-4-1 | Corpus