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Home My WebLink AboutAgenda - 12-01-1997 - 8h 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. gr� ACTION AGENDA ITEM ABSTRACT Meeting Date: December 1, 1997 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 Durham 688-7331 Blanket Bond for Employees PURPOSE: To examine bonds for officials pursuant to G.S. 109-5. BACKGROUND: G.S. 109-5 reads as follows: "The bonds of the officers named in G.S. 109-5 shall be carefully examined on the first Monday in December of every year, and if it appears that the security has been impaired, or for any cause become insufficient to cover the amount of money or property or to secure the faithful performance of the duties of the office, then the bond shall be renewed or strengthened, the insufficient security shall be made good; but no renewal, or strengthening, or additional security shall increase the penalty of said bond beyond the limits prescribed for the term of office." Bonds are written in the following amounts: 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. There have been no incidents or claims during the past year which would impair the security of these bonds. Likewise, there appears to be no justification for increasing the limit of bonding associated with the aforementioned positions. RECOMMENDATION: The Manager recommends that the bonds be maintained at current levels. PUBLIC OFFICIAL BOND THE .ETNA CASUALTY ANO SURE?v COMPA,yY • FOR DEFINITE TERM Hartford. Connecticut 06115 U FE&CASUALTY �'r• i s Q G ;,`„ BOND NO. 25 S 25044872 BCC KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS of 400 SEVERIN STREET, CHAPEL HILL, FORTS CAROLINA as Principal, and THE ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford. Connecticut, as Surety, are held and firmly bound unto ORAN= COUNTY, HILLSBOROUGH, FORTS CAROLINA in the penal sum of THENTY—FIVE THOUSAND AND 00/100 (S 25,000.00 ) Dollars. lawful money of the United States of America, for the payment of which well and truly to be made, said Principal binds hirnself/herssif, his/her heirs, executors, administrators and assigns, and said Surety binds itself, its suc- cessors and assigns, jointly and severally, firmly by these presents SEALED and dated this IST day of DECMCM 1994 WHEREAS, the said Principal has been ELECTED to the office of S811M for a definite term beginning DECE1MR& 1, 1994 and ending DEC1lM 1, 1998 and is required to furnish a bond for the faithful performance of the-duties of the said office or position. NOW, THEREFORE THE CONDITION OF THIS 08LIGATION is such that if the above bounden Principal shall (except as hereinafter provided) fai#ftily perform the duties of his/her said office or position during the said term, and shall pay over to the persons authorized by law to receive the same all moneys that may come into his/her hands during the said term without fraud or delay, and at the expiration of said term, or in case of his/her resignation or removal from office, shall turn over to his/her successor all records and property which have come into his/her hands, then this obligation to be null and void; otherwise to remain in full force and effect. PROVIDED. HOWEVER, that the above named Surety shall not be liable hereunder for any loss of any public funds resulting from the insolvency of any bank or banks in which said funds are deposited; and, if this provision shall be held void, this entire bond shall be void. AND PROVIDED FURTHER, that the Surety may cancel this band at any time during the said term by giving to the Obligee a written notice of its desire so to cancel and at the expiration of thirty (30)days from the receipt of such notice by the obligee the Surety shall be completely released as to all liability thereafter accruing. If this provision shall be held void, this entire bond shall be void. WI ESS: 1911, +d'o'` SEAM ALM= L. PE1l1D1MGEASS, Principal) THE AITNA CASUA=SURETY COMPANY L_„ / By D SE 3. ARTIS Attorney-in-Fact CAT 4099W {S-719-14 1-7e PAINTED IN U.S.A North Carolina ODQ ., Western Surety C OFFICIAL BOND l KNOW ALL MEN BY THESE PRESENTS: BOND No. 68394416 That we, Betty June Hayes of Hillsborough North Carolina, as Principal, and the WESTERN SURETY COMPANY, a corporation duly licensed ! to do business in the State of North Carolina, as Surety, are held and firmly bound unto State of North Carolina in the sum of Twenty_Five Thousand and no/100 (;25,000.00 ) DOLLARS, for the payment of which well and truly to be made, we bind ourselves and our legal representatives, jointly and severally by these presents. i Dated this 21st day of October 1924 THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, That whereas, the said Principal has been 0 appointed® elected to the office of Register of Deeds for the term beginning the 5th day of Decanber 1994,and ending the 7th day of Deceuber 199.8,. NOW THEREFORE, if the said Principal shall in all things Wthfnlly perform the duties of his office and shall honees for all moneys and effects that may come into his hands in his official opacity during the said tares, then AU6bligation to be void, otherwise to remain in full force and effect. This.o0Ueaeated by the Surety upon the following express conditions, which shall be conditions piece- � deaf tathe rightot ilwvery hereunder: FIRST:The Sursgmhall not be liable for the loss of any pubbe moneys or funds resulting from the failure of or defaaR m qqpmeot by any Bane or Depositories in which any public moneys or funds have been deposited. 95COND:Thisband may be canceled by the Surety as to future liability by written notice,by Certified Mail,aftwean W each,the Principal and the Obligee at State of bbrth Carolina ,and thirty (30)days allerthe mailing of said notices by Certified MA4 this bond shall be canceled 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 csnaeLti Witness to Principal I W' urety WESTERN SURETY COMPANY By Joe P. nt ' Countersigned N Carolina nt Approved this day of ' 19 soon 116&A—1046 _ r ERIE INSURANCE COMPANY Public Official Bond j finviv kil �Ie:t hq these 'resents, Bond No. 4. ?360020 roc That We. .. Ksssltth.;Drone,Chavious ........................................................ . l ... ................... .. .................................................... ... of ohm' NC as Principal. and the ERIE INSURANCE COMPANY, a corporation duty incorporated under the isws of the State of Pennsylvania. having its principal office in the City of Erie in the said State,and licensed to do business in 100 Erie Insurance Place Erie, Pa the State of ... P>KaaYlvanis......, with offices at ... ..................... ,............ Or Cam Hoard th Caovissioners 165 0 as Surety, are held and firmly bound unto ...... ... ... ............ .................................................................................................. in the sum of .... No,hmdred.tiny, thaisatfd. .. ........... ... .. ... otlan. � lawful money of the United States of AnWWAL for the payment of which,well and truly to be made. we bind ourselves.our heirs,exewtors.administrators. successors and asetgne,jointly and severally,firmly by the" presents. SIUUJ sD WITH OUR MALI and doled that ........... .............. day of .'O? tN Wiwrs % the above bounden ....l�tb. .Qf......r.............................. ..... { was on the .......?:3�......... day of ......fit ........... t>N .92.. duly appointebtoot�f�c I Director Of Finaaca of the .Orsn,a Comity Hoard Of Camissioners .. ........................................... ............................................. for a term beginning on the .23r4.day.ot Octob�s,, 1992....................................... Now. Thwellem the condition of this oaigadon is such: that if the above bounden .....�.......rn:°..... Cbaviaus .................................................. shall well and faWftfy dischergs"duties of his otfbe and Promptly account for and pay over all moneys or property received by him as such oMloer. in accordance with law.or in dehult thereof.the parties exe- cuting this undsettrW- wiN pay ON damagft coets and expenses resulting from such default not exceed- i ng the sum aba s nwttloned.then this obligation to Devoid:otherwise to remain in full force and affect. I This undertN"may not be changed or modified only.No change or modification shall be effective unless made by wrttlen endorsement issued to form a part hereof. in WRnese Whereeb 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 Attomay-in-Fact. the day and you first above written. Ketstatti w Chavlaw Principal . ...........7G ..................... .. . I { ERIE IW m�8 coh;poNY i ............. .. Eduard Matz SF-is 7/81 e ERIE INSURANCE COMPANY .� 4 I Public Official Bond Bond No. Q91 5360013 NC � �nafv �UI Ant bj t4ese resents, """ That We. ......Vi rginia B:Rolfe.............................................................. of ............ Southern Pines,. ............................................... as 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 State,and licensed to do business in the State of ....Pennsylvania ....., with offices at 100,Erie,Insurance,Place, Erie, Pa 16530 ........ .... ..... ........... ...... ..... .. . as Surety, are held and firmly bound unto , County... Orange,.North Carolina .. .................................................................................................. in the sum of .. Thirty,thousand------------------------------($30,000:00)...... Dollars, 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. SEALED WITH OUR SEALS and dated this. ...3rd................. day of . July ..... 19 .95 WMKNS. the above bounden .,Virginia.B.. Rolfe .................................. .... was on the ..... 3rd............ day of ....... July.............. 19?S.... duly appointedgooaieo4 ................Taa.Collector............. of the ....... County_of Orange................... for a term beginning on the .. 3rd_ day.of.July, .1995............................................... Now,Therefore the condition of this obligation is such: that if the above bounden ...Virginia.B:.Rolfe........................................ ...... shall well and faithfully discharge the duties Of his offke and promptly account for and pay over all moneys or property received by him as such officer, in accordance with law,or in default thereof,the parties exe- cuting this undertaking will pay all damages,costs and expenses resulting from such default,not exceed- ing the sum above mentione4 then this obligation to be void: otherwise to remain in full force and effect. This undert0ft may not be changed or modified orally. No change or modification shall be effective unless made by writbn endorsement issued to form a part hereof. In WHness Whensof, 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-Fact, the day and year first above written. Principal .. ' M9 . ............. . . Virg is B. Rolfe EAiE I tOiMPANY Edxar ` i Mazzeo/'Attorney-in- SF-22 7/81 Orange County OR-067.91-CR • SECTION IV - CRIME DECLARATIONS Coverage Agreements: Limits of Liability 1. Faithful Performance Blanket Position Coverage $250,000 2. Loss Inside the Premises Coverage $250,000 3. Loss Outside the Premises Coverage $250,000 4. Money Orders and Counterfeit Paper Currency Coverage $250,000 5. Depositors Forgery Coverage $250.000 Deductible: $250.00 per Occurrence DEC CR p.l