15.2-850 - Bonds of officers. - Virginia Statutes

§ 15.2-850. Bonds of officers.

The urban county executive shall give bond payable to the county in theamount of not less than $5,000. The director of finance shall give bond inthe amount of not less than fifteen percent of the amount of money to bereceived by him annually, but he shall not be required to give a bond inexcess of five million dollars except as hereinafter provided. If the urbancounty executive serves also as director of finance, he shall give bond tothe full amount indicated above for the director of finance. The board mayfix bonds in excess of these amounts and require bonds of other countyofficers in the board's discretion, conditioned on the faithful discharge oftheir duties and the proper accounting for all funds coming into theirpossession.

(Code 1950, § 15-384.70; 1960, c. 382; 1962, c. 623, § 15.1-783; 1968, cc.375, 797; 1997, c. 587.)