(A) The Treasurer shall give bond in such sum as may be required by the Village Board, but the bond shall not be less than the amount of $10,000 with sureties to be approved by the Village Board.
(B) The bond shall be continued upon the faithful performance by the Treasurer of his or her duties of office, and to indemnify the village for any loss due to any neglect of duty or wrongful act on the part of the Treasurer.
(Prior Code, § 1-8A-3)