(A) All operation of and conduct of raffles shall be under the supervision of a single raffles manager designated by the organization. The manager shall give a fidelity bond in the sum of the aggregate retail value of all prizes or merchandise to be awarded by the licensee in the raffle, conditioned upon his honesty in the performance of his duties. Such bond shall be given before the issuance of a license under this chapter, shall be in the name of the licensee, and shall be in a form and with a surety acceptable to the village.
(B) 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.
(C) The Mayor shall be authorized to waive the bond requirement and to include a waiver provision in the license issued to an organization under this chapter, provided that:
(1) All the requirements of this chapter have been met by the applicant;
(2) The applicant has complied with the provisions of ILCS Ch. 230, Act 15, § 5 (sec. 5 of the Illinois Raffles Act); and
(3) The organization provides a resolution adopted by a unanimous vote of its governing body requesting such a waiver. An appeal of the decision of the Mayor with regard to waiving bond may be made to the Board of Trustees within five days of said decision.
(Ord. 1084, passed 2-7-2018)