5 ILCS 265/ Holdover Official Bond Act.

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5 ILCS 265/0.01

(5 ILCS 265/0.01) (from Ch. 103, par. 14.90)

Sec. 0.01.

Short title.

This Act may be cited as the

Holdover Official Bond Act.

(Source: P.A. 86-1324.)

5 ILCS 265/1

(5 ILCS 265/1) (from Ch. 103, par. 15)

Sec. 1.

Whenever any county officer, who has been
heretofore elected to any office in any county in this state, shall, for
any cause, continue in office after the time for which he was elected, such
officer so continuing in office shall execute a new official bond in the
same manner, of the same character, with the same conditions and penalties
and like securities as now required by law of such officer before entering
upon the duties of his office. Should any county officer fail, neglect or
refuse to execute such new bond, as above provided, within thirty days
after the expiration of the time for which he was elected, the county board
of such county may declare such office vacant. The liabilities of the
principal and securities of any such bond shall continue during the
continuance of such officer in office; but neither the execution of such
bond nor the failure to execute the same shall be held to in any wise
release or extinguish the liabilities of such officer or his securities on
any bond executed by them before the execution of such new bond.

(Source: Laws 1881, p. 62.)