Before he enters upon the duties of his office, the Director of Finance shall execute a bond to the corporation, with such securities as the Mayor may approve, in the penal sum of $150,000, with the condition that he will faithfully discharge the duties and trust reposed in him. City Code, 1879, art. 11, §17 1893, art. 11, §19 1927, art. 8, §23 1950, art. 6, §9 1966, art. 5, §8 1976/83, art. 5, §8 Ord. 46-392 Ord. 65-658