Before entering upon the duties of office, the finance officer shall file in the office of the city manager his or her official oath and also a bond to the city in a sum as the council may require with two or more sureties approved by the city manager, or a bond executed by a surety company duly authorized under the laws of the state, conditioned that the finance officer will faithfully discharge the duties as finance officer and account for and pay over to the person or officer entitled thereto, all money which comes into the hands of the finance officer at the time or times required by the charter or ordinances of the city, and turn over to the successor all books, papers or property belonging to the city that may come into the finance officer’s hands by virtue of the office.