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Pursuant to the laws of the State of Washington and the charter of the City of Vancouver, the city manager, Director of Financial and Management Services and personnel director, before entering upon the duties of their respective offices and employment shall be bonded to the City of Vancouver, conditioned upon the faithful performance of their official duties including all of the duties of all offices of which they are ex officio, incumbent or otherwise. The bonds required by this section shall be individual bonds and the amount of the penalty shall be not less than fifty thousand dollars each. (Ord. M-1379 §5, 1972; Ord. M-737 §1, 1964)