The board shall obtain and carry individual bonds or a blanket bond on all employees under the control of the board, in such amount and with such insurance company or insurance companies as may from time to time be determined by the board, insuring the City of Decatur and undertaking to indemnify the City of Decatur for any loss sustained by the City of Decatur or any of the utilities under the control of the board through any fraudulent or dishonest act or acts committed by any of the employees under the control of the board, acting alone or in collusion with others.
Structure Code of Alabama
Chapter 52A - Morgan County Municipalities.
Section 45-52A-35 - Municipal Utilities Board - Creation.
Section 45-52A-35.01 - Municipal Utilities Board - Appointment of Members.
Section 45-52A-35.02 - Municipal Utilities Board - Qualification of Members.
Section 45-52A-35.03 - Municipal Utilities Board - Oath of Office.
Section 45-52A-35.04 - Municipal Utilities Board - Election of Members; Term of Office.
Section 45-52A-35.05 - Municipal Utilities Board - Organization.
Section 45-52A-35.06 - Municipal Utilities Board - Compensation.
Section 45-52A-35.07 - Municipal Utilities Board - Meetings.
Section 45-52A-35.08 - Municipal Utilities Board - Authority and Duties.
Section 45-52A-35.09 - Municipal Utilities Board - Bonding of Employees.
Section 45-52A-35.10 - Municipal Utilities Board - Impeachment and Removal of Members.
Section 45-52A-35.11 - Municipal Utilities Board - Employment and Duties of Accountant Expert.
Section 45-52A-35.12 - Municipal Utilities Board - Annual Reports.
Section 45-52A-35.13 - Municipal Utilities Board - Publication of Receipts and Disbursements.
Section 45-52A-35.14 - Municipal Utilities Board - Expenditures for Construction or Additions.
Section 45-52A-35.15 - Municipal Utilities Board - Funds.
Section 45-52A-35.16 - Municipal Utilities Board - Bond of Depository.