Illinois Code § 605 ILCS 5/6-604

The treasurer of the district, before receiving any of such
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fund provided for in this Division of this Code, shall execute a good and
sufficient bond, with two or more sureties, to be filed with the district
clerk for the benefit of the district, in double the amount which will
probably come into his hands by virtue of this Division of this Code if
individuals act as sureties on such bond or in the amount only of such
moneys if a surety company authorized to do business in this State acts as
surety on such bonds.

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