Notwithstanding any other duties which may be entrusted to the Board Treasurer under this subchapter or by applicable law, the Board Treasurer shall be responsible for receiving all monies paid or appropriated to the Board from time to time, and for paying out such monies in accordance with the orders of the Board. To secure the faithful performance of these duties, the Board Treasurer shall be required to provide to the village with a bond in an amount approved by the Village President, to be conditioned on the Board Treasurer's faithful performance of all duties which may be entrusted to him or her from time to time, and which shall indemnify the village and the Board from all loss caused to the village or the Board by the negligence or wilful misconduct of the Board Treasurer.
(Ord. 2583-98, passed 7-1-98; Am. Ord. 2618-98, passed 12-16-98)