The Village Treasurer shall give a bond, before entering upon the duties of his office, in the sum required by the Board of Trustees, but such amount shall not be less than that required by statute. This bond shall be conditioned upon the faithful performance of his duties by the Treasurer and shall be conditioned to indemnify the Village for any loss by reason of any neglect of duty or any act of the Treasurer.
(1961 Code § 4.503)
Statutory reference:
S.H.A. 65 ILCS 5/5-3-9