(A) All officers, except Aldermen, whether elected to such office or appointed, shall, before entering upon the duties of their respective offices, execute a bond, with security, to be approved by the City Council, payable to the city, in such penal sum as may by resolution or ordinance be directed, conditioned upon the faithful performance of the duties of the office and the payment of all moneys received by the officer, according to law and the ordinances of the city. In no case, however, shall the Mayor’s bond be fixed at a sum less than $3,000 nor shall the Treasurer’s bond be fixed at a sum less than three times the latest Federal census population or any subsequent census figure used for Motor Fuel Tax purposes. These bonds shall be filed with the Clerk (except the bond of the Clerk, which shall be filed with the Treasurer). (‘69 Code, § 2-83)
(B) No member of the City Council or officer of the city shall be received as surety on the official bond of any city officer. All official bonds shall be by the City Attorney or submitted to him after being drawn up, for his approval of the form thereof, and shall be submitted to the City Council for its approval. When a bond is approved, the City Clerk shall certify, file, and preserve the bond in his office (except the bond of the City Clerk which shall be filed with the Treasurer). The City Council may at times require a new bond to be executed by any city officer, if, for any cause, it deems the old bond or the securities thereon insufficient. The execution of such new bond shall not in any manner affect any liability, loss, or damage incurred thereon. All bonds or contract shall be written or printed in a plain and legible manner. (‘69 Code, § 2-84)
Cross-reference:
Mayor, see § 31.20
City treasurer, see § 31.50
Statutory reference:
Bond, see ILCS Ch. 65, Act 5 § 3-14-3