§ 10-74. Manager; bond.

All operation of and the conduct of raffles within the village shall be under the supervision of a single raffles manager designated by the organization. The manager shall give a fidelity bond in the sum of $100,000.00 in favor of the organization, conditioned upon the honesty of such manager in the performance of his duties. The terms of the bond shall provide that notice shall be given in writing to the village by filing the bond with the office of the village clerk not less than 30 days prior to the cancellation of such bond. The trustees of the village may waive this bond requirement for Class A and Class B raffles only by the affirmative vote of two-thirds of the members of the village board; and a waiver provision as to such bond shall be contained in the license issued to the applicant organization pursuant to this article. Provided, that any application for a waiver of the bond must be filed with the village clerk 30 days prior to the event for presentation to the village board. Any license containing such bond waiver provision shall be granted only by the unanimous vote of the members of the licensed organization, and proof of such unanimous vote must be provided to the village clerk with the bond waiver application. There may be no waiver of the Class C raffle bonding requirement.

(Ord. No. 13-2018, 10-2-2018)