(A) (1) Upon entering upon the duties of his office, each village officer shall file with the Village Clerk a surety bond on such forms and in such amounts as shall be approved by the President and Board of Trustees, conditioned upon the faithful performance of the duties of his or her office; provided, however, that the bond of the Village Clerk shall be filed with the Village Treasurer. Village employees who are not officers of the village shall file with the Village Clerk bonds in such amounts as the President and Board of Trustees may, from time to time, determine.
(2) The bond amounts shall be:
Officer | Amount |
Officer | Amount |
Village President | $3,000 |
Village Clerk | 3,000 |
Village Treasurer | (3 times the latest federal census) |
Village Administrator | 25,000 |
Deputy Village Administrator | 25,000 |
Police Chief | 2,500 |
Director of Public Works | 2,500 |
Director of Parks and Recreation | 2,500 |
Budget Officer | 1,000 |
Director of Administrative Services | 2,500 |
Director of Community Development | 2,500 |
Village Engineer | 1,000 |
(B) (1) Whenever a surety bond to indemnify the village is required as a prerequisite to exercising the duties of any office or position, or to the issuance of a license or permit or for the exercise of any special privilege, the surety on such bond shall be a corporation licensed and authorized to do business in this state as a surety company in the absence of specific provision, by ordinance, to the contrary.
(2) Whenever in its opinion additional sureties or an additional surety may be needed on any bond to indemnify the village against loss or liability because of the insolvency of the existing surety or sureties or for any other reason, the village may order a new surety or sureties to be secured for such bond. If such new order is transmitted to the principal on the bond, or his assignee, the Board shall declare the bond to be forfeited and such principal or assignee shall be deemed to have surrendered the privilege or position as condition of which the bond was required.
(Ord. 1998-21, passed 4-20-98; Am. Ord. 1998-43, passed 9-21-98; Am. Ord. 2001-44, passed 9-10-01; Am. Ord. 2007-21, passed 5-7-07; Am. Ord. 2015-20, passed 4-20-15; Am. Ord. 2017-03, passed 2-6-17; Am. Ord. 2017-09, passed 2-21-17; Am. Ord. 2017-65, passed 10-16-17)