34-4-26 ELIGIBLE SURETIES.

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(A) No person shall be eligible to act as surety unless he has been approved by the Village Treasurer.

(B) The Treasurer shall conduct or cause to be conducted spot audits of all sureties.

(C) Any surety who fails to perform shall be ineligible for two (2) years thereafter to act as surety for any subdivision improvement within the Village's jurisdiction.

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