(A) Each member of the Board shall execute a bond in the amount of $1,000, conditioned upon the faithful performance of the duties of a Fire and Police Commissioner. The bonds shall be approved by the corporate authorities and filed with the Village Clerk. The premium of such bonds shall be paid by the village. The bonds may be part of a blanket bond.
(B) Commencing 5-1-2010, the members of the Board of Fire and Police Commissioners shall receive compensation of $10 per meeting attended, and the Chairperson shall receive $20 per meeting attended.
(Ord. 2001-11-55, passed 11-5-2001; Ord. 2001-12-59, passed 12-3-2001; Ord. 2010-03-07, passed 3-15-2010)