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Home My WebLink AboutAgenda - 01-20-2000 - 8tORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. ~_ ACTION AGENDA ITEM ABSTRACT Meeting Date: January 18, 2000 SUBJECT: EXAMINATION OF BONDS DEPARTMENT: Purchasing and Public Hearing: No Central Services Budget Amendment Reqd? No ATTACHMENT(S): INFORMATION CONTACT: PAM JONES, ext. 2652 Bonds for: Telephone Number- Sheriff Hillsborough 732-8181 Register of Deeds Chapel Hill 967-9251 Finance Officer Mebane 227-2031 Tax Collector Dufiam 688-7331 Blanket Bond for Employees PURPOSE: To examine bonds for officials pursuant to G.S. 109-5. BACKGROUND: General Statutes require that bonds be examined annually to determine whether they have bean impaired in any way over the past year and to determine their sufficiency. Normally this is done during the first meeting in December, however, this review was delayed until the January meeting pending completion of the bond for the newly appointed Tax Collector. The circumstances under which the bonds would be called upon to perform do not indicate that an increase is needed above the amounts currently carried. These amounts are as follows: Sheriff $ 25,000 Register of Deeds $ 25,000 Finance Director $250,000 Tax Collector $ 30,000 All County Employees (for faithful performance) $250,000" "This coverage is part of the comprehensive policy through the County Commissioners insurance pool. $250,000 is the standard limit. Further, there have been no incidents or claims during the past year that would impair the security of these bonds. Therefore, it is recommended that the bonding limits remain at their current levels for the aforementioned positions. Recommendation; The Manager recommends that the bond be maintained at current levels. off. PUBLIC OFFICIAL BOND- FOR DEFINITE TERM TRAVELERS CASUALTY AND SURETY COMPANY OF AMMERICA Hartford. Corttredid~t 08183 BONG NO. 25 S 25044872 BCA gVC1WALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS d 400 SEVERIN STREET, CHAPEL HILL, NORTH CAROLINA as Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a corporatlon of Hartford, Connecticut, as Surely ears held '1 Viand t~nrh- bound unto ORANGE COUNTY, HILLSBOROUGH, NORTH CAROLINA iin the penal sum of TWENTY FivE THOUSAND AND 00 / 100------------------(325 , 000.00-------) Dollars, lawful rtwney ~ the United States of America, for the payment of which well and truly to be made, said principal binds himssldhetself. his/her heirs, executors, administrators and assigns, and said Surety binds itself, its successors and assigns, Io~!il et~d NIt. firrMy by these presents. SEIV.ED end dated this 24th day of NOVEMBER , 19 98 WHEREAS, the said principal has been ELECTED to the office of SHERIFF ttoredetinileterm beginning DECEMBER 1, 1998 and ending DECEMBER 1, 2002 and is required to tiirtrish a bond for the faifhfUl performance of the duties of the said office or position. NONV, THEREFORE THE CONDITION OF THIS OBLIGATION is such that if the above bounden Principal shall (except as Iteroinaller provided) faNMuNy perlbrm the duties of his/her said office or position during the said term, and shall pay over to the persons authorized try IaNV to rerxi\re the same ail moneys that may come Into his/her hands during the said term without IFaud or delay, and at the expiration of said term, or in case of his/her resignation or removal from office, shall turn over to hislfrer successor aN records and property which have come Into his/her hands, then this obligation to be null and void; otherwise to remain in fuN force and effect. PROVIDED, HOWEVER. that the above named Surety shall not be liable hereunder for any loss of any public fund resulting ftvrn the insohency of any bank or banks in which said funds are deposited; and, if this provision shall be held void, this entire bond shat be void. AND PROVIDED FURTHER, that the Surety may cancel bond at any time during the said temp by giving to the obligee a vwllfart twtlce ~ ib desire so to cancel and at the expiration of thirty (30) days from the receipt of such notice by the obligee fhe surety shah be a~mpkiley released as bo all liability thereafter accruing. If this provision shall be held void, this entire bard afraN be void. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA TH T. NGUY Attorney-in-Fact. ALBERT L. PENDERGRASS 3 North Carolina OD% Western Surety Company OFFICIAL BOND KNOW ALL PERSONS BY THESE PRESENTS: Bond No. 68793590 plicate That we, Joyce H. Pearson of Hillsborough ,North Carolina, as Principal, and WESTERN SURETY COMPANY, a corporation duly licensed to do business in the State of North Carolina, as Surety, are held and firmly bound unto h€gister of Deeds in the sum of Twenty-Five Thousand and 00/100 DOj,j,~,S ($ 25, 000.00 ,), for the payment of which well and truly to be made, we bind ourselves and our legal representatives, jointly and severally by these presents. Dated this 11th day of November 1998 THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, That whereas, the said Principal has been appointed ®elected to the office of Register of Deeds for the term beginning the 7th day of December _, 1998 ,and ending the _ 7th day of December 2002 . NOW TIdEREFORE, if the said Principal shall in all things faithfully perform the duties of his office and shall hgneg ~ aecQunt for all moneys and effects that may come into hie hands in his official capacity during the sa~em~tFien 1~is obligation to be void, otherwise to remain in full force and effect. >°'~Ius~bgndr.~s 'e+~ted by the Surety upon the following express conditions, which shall be conditions ~: 1 Y r . ~ ,- pV~e>~t to the.~~k~pa"f recovery hereunder: ST: The S g~ shall not be liable for the lose of an ,.k'IR y public moneys or funds resulting from the fa,ll~wre o~os.defa~alt~ i}i p`syment by any Banks or Depositories in which any public moneys or funds have been SE.CO~~j~ bond may be cancelled by the Surety as to future liability by giving written notice, by Register of Deeds, North certified mail, addressed to each, the Principal and the Obligee at Carolina _ , and thirty (30) days after the mailing of said notices by certified mail, this bond shall be cancelled and null and void as to any liability thereafter arising, the Surety remaining liable, however, subject to all the terms and conditions of this bond for any and all acts covered by this bond up to the date of such cancellation. `vVi ~ ss to Princxp~ ,l !~ ' Principal Witnessto5 WESTERN SURETY COMPANY - -- - ,,•)) - ~~~ -~~~ ~~~ ~ tephen T. Pate, resident Countersigned ~_. __~ __ _. `~._. __ -._~ North Carolina Resident Agent Approved this -_-_ ~~~ _ day of _~~c`~'~'~ ~ S g~__-- . -- ---_._---..._. .._., -- Form 1264-A-4-98 --. _ .. --_- . -- _ _ . _ ... . ERIE INSURANCE COMPANY Public Official Bond Bond No. ~4. 7360020 NC ~>rtII~I1 ~1j ~P>;t ~ ~hPSP ~teSPtifB~ That We, .. Kesmeth. ;1~?rone .Chavious ........................................................ . of ~~~ ~ as Principal. and the ERIE INSURANCE COMPANY, a corporation duty incorporated under the laws of the State of Pennsylvania. having its principal office in the City of Erie in the said State, and licensed to do business in the State of ... Permsylvania, , , , , , , with offices at .100 ,Erie Insurance Place, Erie, Pa ...... .......ibS~o . . as Surety, am held and firmly bound unto ... Orate County Board Of Commissioners . ............................................................................... in the sum of .... ~. h~a~dted fift~r, thousand -----------,----~y-ollars, lawful money of the United States of America, for the payment of which, well and truly to be made, we bind ourselves. our heirs. sxecuton, administrators, successors and assigns, jointly and severally, firmly by these presents. . SEAL>:O WITH OUR SEALS and dated this ....... 28th .............. day of . ~ptrtg 92.. . WMreaa, the above bounden . , , ,Kera>leth 1~rrone. Chavious .................................. . was on the .......23rd......... day of ......October ........... 19 .92... duly appointes>Maoe~siedc Director Of Finance Orange County Board Of Commissioners ............................................. of the .............................................. for a term beginning on the , 23rd day, ,of October~,1992 . ... . . . . . . ........... . ................ . Now, ThenNo~e the condition Of thus obligation is such: chat if the above bounden .... ~~~.~~_ shall well and faithfully discharge the duties of his office and promptly account for and pay over all moneys or property received by him as such officer. in accordance with law, or in default thereot, the parties exe- cuting this undertaking will psy all damages, cosh and expenses rosulting from such default. not exceed- ing the sum above mentioned. then this obligation to be void: otherwise to remain in full force and effect. This undertaking may not be Changed or modified orally. No change or modification shall be effective unless made by written endorsement issued to form a part hereof. In WltrNSS Whereof, said Principal has hereunto set his hsnd and seal and the ERIE INSURANCE COMPANY has affixed its corporate seal, attested by the signature of its duly authorized Attorney-in-Fact, the day and year first above written. Kenneth or/~e -Chaviotaa Principal ........... ~G~':G.-'-"......... . ERIE INSUSIW~ COMPANY ~' Edward Mazze / Aaom.y«n- SF-22 T/81 '.;:._ Et~i E i N5U(~N CE COMPANY Public Official Bond -A ~>ttII~ Ott P1'i ~~ ~}'~p$P ~rE$1'YL#$, Bond No. Qs55460044„ That We, ...~4 . Az~n .Swan . iZahersan ......... .................................................. . Of ...Hil],~borQU~tx.,..1~...C. ............................... . ....................... a5 Principal, and the ERIE INSURANCE COMPANY, a corporation duly incorporated under the laws of the State of Pennsylvania, having its principal office in the City of Erie in the said Stale, and licensed to do business in the State Ot NQxX~I .Gazalizia ....... with offices at 1A0. Ex:is. ~•nsr~raace• -Rlaee•; •Er3e; • P•.•A: S9 Surety, are held and firmly bound unto f;ountX . of. Aran~ge, . t3orth• •Carallna• • • • • • • ~ • • • • in the sum of .. Th~ra=Y ,ThA,usand .&.011/.100 ................................. ........... Ooilars, lawful money of the United States of America, for the payment of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. SEALEO WITH 0.~3R SEALS and dated this ..Fourth .................. day of .Fant~ary • 2000 • • • • ~ • Whentras, the above bounden .~v.A~.Swan.Rv7xersan .......................................... was on the .. , Fourth. , , , , , , . , , day of , January . ................ 2000• ..duly appointed or elected ......Tax Collector .... . .................. Of the .. ! :QUnty..of. ~lrange ....................... . Fourth of January, 2000 for a term beginning on the ...................................................................... Now, Therefore the condition of this obligation is such: that if the tbOVe bounden Jo,Ann.,~Wr=trl.~Pb~rsPn .............................................. . shall well and faithfully discharge the duties of his office and promptly account for and pay ovEr all n-+onsys or property received by him es such officer, in accordance with law, ar in default thereof, the parries exe- cuting this undertaking will pay all damages, costs and expenses resulting from such default, not exceed- ing the sum above mentioned. then this obligation to be void; otherwise to remain in full force and effect. This undeRslcing may not bs changed or modified orally. No change or modification shall be effective unless made by written endorsement issued to form a part hereof. In tiVltness Wltenof, said Principal has hereunto set his hand and seal and the ERIE INSURANCE COMPANY has affixed its corporate seal, attested by the signature of its duly authorized Attorney-in-Face, the day and year first above written. Principal ... • ~n-•~ ...... . t?itE INSUi~ANCE CGMPANY ay ....~~~. ~c~ ;~ ............. . Attorn6y-~~-Fact Orange County OR-067-99-CR July 1, 1999 to July 1, 2000 SECTION IV CRIME CONTRACT DECLARATIONS Coverage Agreements 1. Faithful Performance Blanket Position Coverage 2. Loss Inside the Premises 3. Loss Outside the Premises 4. Money Orders and Counterfeit Paper Currency 5. Depositors Forgery Deductible: ~o Limits of Liability $250,000 $250,000 $250,000 $250,000 $250,000 $250 t 1