The Village Treasurer, before entering on the duties of office shall give a bond in such a sum as may be required by the corporate authorities, but the bond shall not be less than an amount that may be provided for by state statute with sureties approved by the corporate authorities. The bond shall be conditioned on the faithful performance by the Village Treasurer of his duties of office and shall indemnify the village for any loss due to any neglect of duties or wrongful act on the part of the Village Treasurer.
('71 Code, Ch. 1 § 7-7) (Ord. 82, passed 10-2-07; Am. Ord. 533, passed 5-18-77)
Statutory reference:
Oath and Bond, see ILCS Ch. 65, Act 5, § 3-14-3