(A) Before entering upon the duties of that office, to secure faithful performance of all duties, the Village President shall execute a bond with security, payable to the village, in the amount of no less than $3,000.
(B) Before entering upon the duties of that office, to secure faithful performance of all duties and payment of all money received by such officer, the Village Treasurer shall execute a bond with security, payable to the village, in an amount not less than three times the latest federal census population total for the village.
(C) Before entering upon the duties of that office, to secure faithful performance of all duties, the Village Clerk shall execute a bond with security, payable to the village, in the amount of no less than $500.
(D) Upon employment by the village, to secure faithful performance of the duties of the Office Clerk and payment of all money received by such employee, the Village Office Clerk shall execute a bond with security, payable to the village, in the amount of no less than $1,000.
(E) The security on all bonds shall be provided by a blanket position bond to be obtained for at least the penalty amounts set forth in the preceding sections, the premium for which shall be paid by the village.
(Ord. 231, passed 8-28-1984)