(A) Every officer shall, if required by the Board, before entering upon the duties of his or her office, give a bond in such amount as may be determined by the Board and with such sureties as it may approve, conditioned upon the faithful performance of the duties of his or her office or position.
(B) (1) Whenever in this code a bond is required of an officer or employee, premiums for such bond shall be paid by the village government from the Village Treasury.
(2) (a) The officers listed below shall be required to furnish a bond in accordance with this section and other applicable sections.
(b) Such bond shall be in the amounts specified below:
1. Village President: $5,000;
2. Village Clerk: $5,000; and
3. Village Treasurer: $30,000.
(Prior Code, § 31.09) (Ord. 81-2, passed 3-9-1981)