(A) Before entering the duties of office, the Village President shall have a bond with sureties to be approved by the Board of Trustees, conditioned upon faithful performance of duties, in the sum of $25,000. The President shall take the oath of office as prescribed by statute and shall receive compensation as may be set from time to time by the Board.
(B) The President may also be referred to as “Mayor” in all matters relating to the village.
(C) The President shall receive the compensation that is established by the Board of Trustees in the annual appropriation or budget ordinance or by special ordinance. An increase or decrease in the salary of the President shall not take effect during the term for which that President is elected. His or her salary shall be fixed at least two months before an election in which voting is held for his or her office.
(Prior Code, § 30.053) (Ord. 72-9, passed 4-9-1973; Ord. 84-10, passed 12-10-1984; Ord. 88-6, passed 11-28-1988)
Statutory reference:
Fixing salaries, see ILCS Ch. 65, Act 5, § 3.1-50-10