Except as otherwise provided in this section, the city manager and every officer of the municipality, whether appointed by the manager or the governing body, shall furnish a bond to the municipality in the form and amount as may be required by the governing body. The bond must be approved by the governing body and filed with the finance officer. An individual bond is not required, provided the municipality has blanket coverage pursuant to § 3-5-14.

Source: SL 1917, ch 303 , § 9; RC 1919, § 6238; SL 1935, ch 158 , § 14; SDC 1939, § 45.0910; SL 1992, ch 60 , § 2; SL 2025, ch 38 , § 51.