All management operation, and conduct of raffles shall be under the supervision of a single raffles manager designated by the organization. The manager shall give a fidelity bond in an amount not less than ten thousand dollars ($10,000.00) in favor of the organization conditioned upon his honesty in the performance of his duties. Terms of the bond shall provide that notice shall be given in writing to the village not less than thirty (30) days prior to its cancellation. The village may waive this bond requirement by including a waiver provision in the license issued to an organization, provided that a license containing such waiver provision shall be granted only by the affirmative vote of the members, or if there are no members, the affirmative vote of the governing board, of the licensed organization. (Ord. 2002-602, 6-4-2002; Ord. 2019-1072, 10-15-2019)