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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17' <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />,6 <br />?7'i <br />28 <br />RESOLUTION NO.77-22 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON, <br />CALIFORNIA, APPROVING COVERAGE OF ALL OFFICERS AND EMPLOYEES <br />UNDER ONE MASTER FAITHFUL PERFORMANCE BOND. <br />WHEREAS, prior to January 1, 1997, the California Government Code required that <br />local public agency treasurers be individually bonded; and <br />WHEREAS, the City Council also had the authority to require bonds of other officers <br />or employees; and <br />WHEREAS, California Government Code Section 1481 was amended January 1, 1997 <br />with Assembly Bill 3472 to extend master bonding provisions to local public agencies; and <br />WHEREAS, Assembly Bill 3472 requires the City Council to adopt a resolution <br />approving coverage of all their officers and employees under one master bond; and <br />WHEREAS, approval of such resolution eliminates the necessity of writing bonds on <br />specifically named individuals for their term of office, reducing both cost and paperwork, <br />NOW, THEREFORE BE IT RESOLVED that the City Council of the City of <br />Colton, California authorize the coverage of all their officers and employees under one master <br />bond. <br />PASSED, APPROVED AND ADOPTED this 2 1 " day of June 022. <br />ATTEST: <br />AROLINA R. PADILLA, City Clerk <br />�'=►=��I:�:i:Z�a <br />