All operations of and the conduct of raffles as provided for in this subchapter shall be under the supervision of a single manager designated by the organization. The manager shall give a fidelity bond in the sum of $2,000,000 or two times the aggregate value of prizes, whichever is less, in favor of the license conditioned upon his or her honesty in the performance of his or her duties. The bond shall provide that notice shall be given in writing to the village not less than 30 days prior to its cancellation. Bonds, as provided for in this subchapter, may be waived provided that the license issued for the raffle shall contain a waiver provision and shall be granted only by unanimous vote of the members of the licensed organization.
(Ord. 1731, passed 3-21-2002; Am. Ord. 2440, passed 7-19-2018)