(a) Village officials shall each sign a Surety Bond upon entering into his/her office, in an amount as shown below:
Mayor | $1,000.00 |
Council Person | 2,500.00 |
Clerk-Treasurer | 10,000.00 |
Village Administrator | 5,000.00 |
Income Tax Clerk | 5,000.00 |
(b) The Clerk-Treasurer shall secure from a reputable insurance company Surety Bonds, in the amount shown in subsection (a) hereof and pay for such bonds out of Village funds.
(Ord. 86-12. Passed 3-18-86.)