(A) Every village officer, other than a trustee, who shall be elected or appointed to office shall, before entering upon the duties of his office, execute his bond, with a corporate surety, to be approved by the president and the board of trustees. This bond shall be payable to the village of Riverside in the amount provided below and shall be conditioned upon the faithful performance by such officer of the duties of his office and the payment of all public monies received by him, in accordance with law and the provisions of this code. All such bonds, except that of the clerk, shall be filed with the clerk; the bond of the clerk being filed with the treasurer.
All premiums charged by the corporate surety on such bonds shall be paid by the village out of its general funds and in no case by the individual officer furnishing the bond. (1965 Code §4.05)
(B) The amounts of the official bonds required by subsection (A) of this section shall be as follows:
President | $3,000.00 |
Clerk | 1,000.00 |
Treasurer | Statutory amount |
Attorney | $1,000.00 |
Manager | 1,000.00 |
Fire marshal | 1,000.00 |
Police chief | 2,000.00 |
(1965 Code §4.06)