§ 12-119. Raffles Manager; bond.

Latest version.

All operation of and the 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 the sum of an amount equal to the total cash value of prizes to be awarded in favor of the organization conditioned upon the manager's honesty in the performance of the manager's duties. Terms of the bond shall provide that notice shall be given in writing to the village not less than 30 days prior to its cancellation. The Village Manager may, in the alternative and in the Village Manager's sole discretion, require a nominal cash bond in an amount to be determined by the Village Manager where the total cash value of prizes to be awarded does not exceed $5,000.00.

(Code 1993, § 12-5.4.8)

                    
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