(A) Amount. Bonds of village officers required under ILCS Ch. 65, Act 5, § 3.1-10-30 shall be executed in the following penal sums:
(1) Mayor: $3,000;
(2) Village Treasurer: $3,000;
(3) Village Clerk: $3,000;
(4) Water Clerk: $500;
(5) Supervisor of Water Department: $500;
(6) Assistant Clerk: $500; and
(7) Assistant Treasurer: $500.
(B) Premium payment by village. The surety bonds required by law shall be paid by the village.
(C) Surety. The Village Board shall not receive or approve any bond or security whereon the name of the Village Board, any one of the Board of Trustees or any elected or appointed officer of the village appear as bondsman or security. If, by mistake, a bond containing the name of any like officer is approved by the Village Board or if any bondsman, after becoming such is elected or appointed to any village office, this section shall not act as a release of any obligation incurred.
(2001 Code, § 1-2-24)
Statutory reference:
Similar provisions, see ILCS Ch. 5, Act 270, § 1