The Treasurer shall give a bond before entering upon the duties of his or her office, in the sum required by the Board of Trustees, but the amount shall not be less than that required by statute. This bond shall be conditioned upon the faithful performance of his or her 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.
(`70 Code, § 2-195)
Cross-reference:
Requirements for surety bonds, see § 11.04