(A) There is hereby created the office of Village Collector of Special Taxes and Special Assessments. The Village Clerk shall be ex officio Collector of Special Taxes and Special Assessments.
(B) The Collector of Special Taxes and Special Assessments shall execute a bond to the village, with corporate surety, for the faithful performance of the duties of his or her office, in the penal sum of not less than double the amount of the estimated tax and special assessment collections for the current year. The bond shall not be less than $5,000. The bond may be waived by resolution of the Board of Trustees when in the opinion of the Board the amount of estimated tax and special assessments to be collected shall not warrant the expense of a bond.
(C) Remuneration of the Collector of Special Taxes and Special Assessments shall be provided for from time to time by the Board of Trustees, by ordinance.
(D) It shall be the duty of the Collector to collect and receive and give receipts to any person or persons paying such special taxes or special assessments as may from time to time be assessed and due and collectible for local improvements upon any property specially benefitted thereby.
(E) All moneys received by the Collector on any special assessment shall be held by him or her as a special fund to be applied to the payment of the improvement for which such special assessment or special tax was levied and extended, and the money shall be used for no other purpose whatsoever, except to reimburse the village for moneys expended therefor; or shall be applied to the payment of such bonds as may be issued in anticipation of the collection thereof, all in accordance with the statutes therefor provided.
(F) It shall be his or her duty to make a report in writing on or before March 10 in each year to the County Collector, or such other officer authorized by the General Revenue Laws of this state to apply for judgment and sell land for taxes due the county and state, which report shall show all of the lands, town lots and real property on which he or she shall have been unable to collect special taxes or special assessments due and unpaid thereon, together with his or her warrant received by him or her authorizing the collection thereof. The report shall be accompanied by his or her oath that the list is a correct return and report of the lands, lots and real property on which the special tax or special assessment levied by authority of the village shall remain due and unpaid; that he or she is unable to collect the same or any part thereof, and that he or she has given the notices required by law that the warrants have been received by him or her for collection.
(G) It shall be his or her duty to execute all warrants for the collection of special taxes and special assessments which by law and the ordinances of the village are required to be executed by the Collector.
('73 Code, § 3.12)