(A) Amount. Bonds of village officers required under 65 ILCS 5/3.1-10-30 shall be executed in the following penal sums:
Deputy Village Clerk | $50,000 |
Mayor | $50,000 |
Golf Pro | $50,000 |
Police officers | $5,000 |
Street and Alley Superintendent | $5,000 |
Village Clerk | $50,000 |
Village Treasurer | $50,000 |
Water and Sewer Superintendent | $5,000 |
Water Clerk | $50,000 |
(B) Premium payment by village. The surety bonds required by law shall be paid by the village.
(C) Surety. The Village Board shall not receive or approve any bond or security whereon the name of the Village Board, any one of the Board of Trustees or any elected or appointed officer of the village appear as bondsman or security. If, by mistake, a bond containing the name of any such officer is approved by the Village Board or if any bondsman, after becoming such is elected or appointed to any village office, this section shall not act as a release of any such obligation incurred.
(1999 Code, § 1-2-24) (Ord. 08/12/2008-1, passed 8-12-2008)
Statutory reference:
Related provisions, see 5 ILCS 270/1