Each official bond with surety, as required by the President and Board, shall be conditioned for the faithful and legal performance of the duties of the officer giving the bond, and for the payment of all public monies received by him, according to law 1 , and for a compliance with the ordinances, orders and resolutions of the Board; provided, that no Village officer shall be accepted as surety on the bond to the Village. All premiums on official bonds required by this Code for Village officers or employees shall be paid by the Village. (1981 Code)
Notes
| 1 | 1. 65 ILCS 5/3-14-3. |