A. Bonds Required: Bonds shall be furnished in such amount and with such surety as may be approved by village board, such bond to be conditioned on the faithful performance of duties and shall indemnify the village for any loss by reason of any neglect of duty or other acts. The cost of the bond shall be paid by the village. (1965 Code § 1-21-1)
B. Bond Amounts: Bonds shall be in the following amounts:
Village manager | $50,000.00 |
Director of finance | 50,000.00 |
Clerk | 10,000.00 |
Treasurer | 50,000.00 |
(1965 Code § 1-21-2; amd. 2009 Code)