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HomeMy WebLinkAboutOrdinance No. 05 24 BondsORDINANCE NO. 05/2q AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, AMENDING THE CODE OF ORDINANCES OF THE CITY OF UNIVERSITY PARK, AS HERETOFORE AMENDED, BY AMENDING SECTION 8.110 TO REQUIRE SURETY BOND FROM CITY MANAGER AND FINANCE DIRECTOR; PROVIDING FOR THE REPEAL OF ALL ORDINANCES IN CONFLICT; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS: SECTION 1. That Chapter 8, Section 8.110, of the Code of Ordinances, City of University Park, Texas, is hereby amended to read as follows: "Sec. 8.110 Employee Bonds The city manager and director of finance, before entering upon their duties of office, shall execute a twenty-five thousand dollar ($25,000.00) surety company bond, payable to the City of University Park, and conditioned on the faithful performance of the duties of office, the premium of such bond to be paid by the city." SECTION 2. That all provisions of the Code of Ordinances of the City of University Park, Texas, in conflict with the provisions of this ordinance are hereby repealed. SECTION 3. That should any word, sentence, paragraph, subdivision, clause, phrase or section of this ordinance or of the Code of Ordinances, as amended hereby, be adjudged or held to be void or unconstitutional, the same shall not affect the validity of the remaining portions of said ordinance or the Code of Ordinances, as amended hereby, which shall remain in full force and effect. SECTION 4. This ordinance shall take effect immediately from and after its passage, as the law and Charter in such cases provide. DULY PASSED by the City Council of the City of University Park, Texas, onthe rj dayof d~kY 2005. APPROVED: ~ES H. HOLMES III, MAYOR TO FORM: ,.~ CITY ATTORN~ (RLD/6-27-05; 75405) ATTEST: ~ 1~I~, C~RETARY