Trustees of the Sinking Fund shall serve without compensation and the said Trustees shall give bond in the sum of $3,000, or in lieu of surety bonds, insurance coverage for the faithful performance of duties, on such terms and with such policy limits as approved and provided by Village Council.
(Ord. 24-1970, passed 11-2-1970; Ord. 91-2019, passed 11-18-2019)