(A) Every officer, and every employee when directed by the Corporate Authorities or by law, shall, before entering upon his duties of office or position, execute a bond in such amount as may be determined by the Corporate Authorities or by law, with sureties as it may approve, conditioned upon the faithful performance of the duties of his office or position. The village will pay the premiums of said bonds.
(Ord. 161, passed 3-21-77)
(B) All bonds required by law or ordinance to be submitted to and approved by the Corporate Authorities shall first be submitted to the Village Attorney and it shall be his duty to examine said bonds. If in his judgment the bonds are properly drawn and are legal and binding obligations, he shall endorse the same with his approval. If they are not, he shall endorse his disapproval thereon together with his reasons therefor.
(Ord. 217, passed 5-21-79)