(55 ILCS 5/3-10003) (from Ch. 34, par. 3-10003)
Sec. 3-10003.
Bond; form.
Each County treasurer, before he or she
enters upon the duties of his or her office, shall also execute a bond (or,
if the county is self-insured, the county through its self-insurance program
may provide bonding) in such penalty and with such security as the county board
shall deem sufficient, which bond in every county now having or which may
hereafter have a population of 500,000 or more shall be in a penal sum of not
less than $1,500,000. Such bond shall be in substance in the following form
to-wit:
We, (A.B.), principal, and (C.D. and E.F.), sureties, all of the county
of .... and State of Illinois, are obligated to the People of the State of
Illinois in the penal sum of $...., for the payment of which, we obligate
ourselves, each of us, our heirs, executors and administrators, successors
and assigns.
The condition of the above bond is such, that if the above obligated
(A.B.) shall perform all the duties which are or may be required by law to
be performed by him or her, as treasurer of the county of .... in the time
and manner prescribed or to be prescribed by law, and when he or she is
succeeded in office, shall surrender and deliver over to his or her
successor in office, all books, papers, moneys and other things belonging
to the county, and appertaining to his or her office, except as hereinafter
provided, then the above bond to be void; otherwise to remain in full force.
It is expressly understood and intended that the obligation of the above
named sureties shall not extend to any loss sustained by the insolvency,
failure or closing of any bank or trust company organized and operating
under the laws of this State or of the United States wherein the principal
has placed the funds in his custody or control, or any part thereof.
Dated (insert date).
Signed and delivered in the presence of (G.H.)
A. B. .... (Signature)
C. D. .... (Signature)
E. F. .... (Signature)
The bond shall be filed with the county clerk on or before the first
Monday of December after such election.
(Source: P.A. 91-357, eff. 7-29-99.)
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