(A) All operation and conduct of raffles shall be under the supervision of a single raffle manager as designated on the license application by the organization.
(B) A manager shall give a fidelity bond in the sum of the aggregate retail value of the prizes as set out on the application. The bond shall be in favor of the organization, conditioned upon the raffle manager’s honesty in the performance of his or her duties. The bond shall provide that notice shall be given in writing to the village not less than 30 days prior to its cancellation period. The Village Board may waive this bond requirement by including a waiver provision in the license issued to an organization under this subchapter, provided that a license containing such waiver provision shall be granted only by unanimous vote of the members of the licensed organization.
(Ord. 17-26, passed 1-22-18)