The Village Treasurer shall keep all moneys belonging to the corporation in his or her hands separate and distinct from his or her own moneys and he or she hereby expressly is prohibited from using, either directly or indirectly, the corporation money or warrants in his or her custody and keeping for his or her own use and benefit, or that of any other person or persons whomsoever. Any violation of this provision shall subject him or her to immediate removal from his or her office by the Village Board, which is authorized to declare said office vacant and in which case a successor shall be appointed who shall hold his or her office for the remainder of the unexpired term of such officer so removed.
(1975 Code, § 8-109) Penalty, see § 10.99