(A) All operation of and the conduct of raffles shall be under the supervision of a single raffle manager designated by the organization. The manager shall give a fidelity bond in the sum of $5,000 or of the aggregate value of the prizes to be awarded, whichever is higher, in favor of the organization conditioned upon his or her honesty in the performance of his or her duties. Terms of the bond shall provide that notice shall be given in writing to the village not less than 30 days prior to its cancellation.
(B) The village may waive the bond requirement for a manager of an organization applying for an annual raffle license, if the organization, by the unanimous vote of its members present requests such a waiver in writing at the time of the license application.
(Ord. 2000-04-27, passed 4-3-2000)