(65 ILCS 5/4-4-2)
(from Ch. 24, par. 4-4-2)
Bond of officers.
(a) Before entering upon the duties of their respective offices,
the mayor, each commissioner, municipal clerk, municipal treasurer, and other
officers and employees designated by the council by
ordinance shall execute bonds with good and sufficient security to be
approved by the council, payable to the municipality in the penal
sums directed by ordinances, conditioned for the faithful performance of
the duties of the office and the payment of all money received by the
officer, according to law and the municipal ordinances.
(b) The bonds of the mayor and commissioners, however, shall not be
less than $3,000.
(c) The bonds of all municipal officers
except the municipal
clerk shall be filed with, recorded, and preserved by the municipal clerk.
The bond of the municipal clerk shall be filed with, recorded, and
preserved by the municipal treasurer. The treasurer's bond shall be in an
amount of dollars that is not less than the greater of $50,000 or 3 times the latest Federal
census population or any subsequent census figure used for Motor Fuel Tax
(Source: P.A. 87-738; 87-1119.)