HomeMy WebLinkAboutAgenda - 12-04-1995 - VIII-B 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No.
ACTION AGENDA ITEM ABSTRACT
Meeting Date: DECEMBER 4,1995
SUBJECT: EXAMINATION OF BONDS
DEPARTMENT: PURCHASING AND PUBLIC HEARING:YES: NO:XX
CENTRAL SERVICES
ATTACHMENT($): INFORMATION CONTACT:
BONDS FOR: PAM JONES, ext.2650
SHERIFF
REGISTER OF DEEDS Telephone Number-
FINANCE OFFICER Hillsborough 732-8181
TAX COLLECTOR Chapel Hill 967-9251
BLANKET BOND FOR EMPLOYEES Mebane 227-2031
Durham 688-7331
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. As a matter of information,the limit for Tax Collector was reviewed
upon the retirement of the Tax Collector at June 30, 1995 and the $30,000 amount was deemed
sufficient.
RECOMMENDATION: The Manager recommends that the bonds be maintained at current levels.
11/28/94 NON 09:53 FAX 919 942 4221 WILLIS CORROON X002 �
PUBLIC OFFICIAL BOND - THE /ETNA CASUALTY AND SURETY COMPANY
•
FOR DEFINITE TERM Hartford, Connecticut 06115
LIFEa,CASUA"Y
JiM 1110. 25 S 25044872 BCA
KNOW ALL NEN BY THESE PRESENTS, That we ALIM L. FENDER07"
of 400 SSYEBIH STRESS, CHlI= HILL, BUMM CAROLINA as Principat,
and THE ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford, Connecticut, as Surety, are held
and firmly bound unto GRADGB COU1=, HILLSBOROUGH, NIXTH CAROLINA
in the penal sum of 1WJITY—FIVE THODUM AND 00/140 (S 25,000.00 1 Dollars,
lawful money of the United States of America, for the payment of which well and truly to be made,said Principal
binds hirnself/herself, 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 1ST day of DBC87fEE>1` 1994
WHEREAS, the said Principal has been ELBCM to the office of SUKKUFF
for a definite term beginning UZCSlMER 1, 1994 and ending DMMMHR 1, ]998 and is required
to furnish a bond for the faithful pertomonce of the duties of the said office or position.
NOW, THEREFORE THE CONDITION OF THIS OBLIGATION is such that if the above bounden Principal shall(except
as hereinafter provided) faithfully perform the duties of his/her said office or position during the said term, and
shell pay over to the persons authorized by law to receive the some all moneys that may come into his/her hands
during the said term without fraud or delay, and at the expiration of sold 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 obiigation 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 tanks 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 tine dung 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
shell be held void. this entire bond shall be void.
WI SS:
(SEAL)
L.. P ASS i pal)r
THE /ETNA CASUALTY D SURETY COMPANY
4� By ,.
S. lISTIS Attorney-in-Fact
CAT. 4o"w
35-71 9-K 1-76 PRRrTEo IN us-t
` North Carolina
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Western Surety .
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OFFICIAL BOND ,
KNOW ALL MEN BY THESE PRESENTS: BOND No. 68394416
G That we, Betty June Haves of Hillsborough
r 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
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State of North Carolina '
in the sum of Twenty Five Thousand and no/100 ($25,000. 0 ) 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.
Dated this 21st day of sober ' 1994
.
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 5th day of December , 1994 ,and ending
the 7th day of December _, 1998
NOW THEREFORE, if the said Principal shall in all things faithfully perform the duties of his office and
shall honestly account for all moneys and effects that may come into his hands in his official capacity during the
said term, then this obligation to be void, otherwise to remain in full force and effect.
This bond is executed by the Surety upon the following express conditions, which shall be conditions prece-
dent to the right of recovery hereunder:
FIRST: The Surety shall not be liable for the loss of any public moneys or funds resulting from the failure of
or default in payment by any Banks or Depositories in which any public moneys or funds have been deposited.
SECOND:This bond may be canceled by the Surety as to future liability by giving written notice,by Certified
Mail,addressed to each,the Principal and the Obligee at State of North Carolina ,and thirty
(30)days after the mailing of said notices by Certified Mail, 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 ocan
Witness to Pri1n�cip
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Principal
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V e urety WESTERN SURETY COMPANY
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By e
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F Joe P. Kirb Pr nt
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Countersigned -
tNth arolina Re ' Agent '
F Approved this 29* day of , 19
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r Form 1264-A—10-85
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ERIE INSURANCE COMPANY
I
Public Official Bond
TiriIIi All Xen bl V 4ese 11reSents, Bond No. Q�4 7360020 NC
That We, . Kenneth Tyrone Chavious NC
of ..... .... '.. ...................... ... ..... . ..... ..... . .. . . . . .... .. . . . .. . 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 100 Erie. . . .
Insurance Place. , Erie, Pa
...... with offices at . .
. . .. .. . . .. .. . . .. .. . . .. . ... ... .
.1bS30
as Surety, re held and firmly Orange County Board Of Commissioners
Y. y bound unto .... .. .. . . ...........
. . ...... . ........ .. ...... .......................... ........ .. .. .. ... .......... .. ... . ..... .... . .. . .
in the sum of .... ;%'o.hire,fifty thousand----------------------------------ZSollars,
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.
I
i
SEALED WITH OUR SEALS and dated this .......28th .............. day of .September�9 92.. .
I
Whereas, the above bounden ..,,Kenneth Tyrone Chavious..................... . ... . .
was on the ...... . 23rd day of ......October 19 .92... duly appointed
omedsP,iedt
Director Of Finance Orange County Board Of Commissioners
.. .. . ........................................ ofthe ..... .................. ........ ...... .. ..... . .
for a term beginning on the 23rd day.of October, 1992
......................... .
Now, Therefore the condition of this obligation is such:
that if the above bounden ... Kenneth Tyrone Chavious shall wel I and faithfully discharge the duties of his office and promptly account for and pay,over all m*
oneys
j 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 mentioned, then this obligation to be void: otherwise to remain in full force and effect. i
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 Witness Whereof, 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. Kenneth Tyrone Chavious
Principal %14-' ^. . . .�L�'1. .. ... . . . .... . .. .. . . .
ERIE INSUBANCE CCIMPANY
... . . ... .. ..... .. j
Edward . Mazze Attorney-fn-Pact
SF-22 7/81
- ERIE INSURANCE COMPANY
Public Official Bond
�riII�tt ��� �IE2t �� ��PSP �rPSEn#s, Bond No. 441 5360013 NC
ThatWe, ..... Virginia B:Rolfe............. ........................................ .........
of Southern Pines, NC............................................... 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 lO0 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
Whereas, the above bounden ,,Virginia B:Rolfe
was on the ..... 3rd............ day of ....... July.............. 19 95.... duly appointedxxvAentei!
Tax Collector County of Orange
.............. of the ............. ....................
.
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 office and promptly account for and pay overall 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 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 Witness Whereof, 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. n'
Principal .... V V'.*k .��.. .. ...............
Virg is B. Rolfe
ERIE INSU COMPANY
:... ........ .........
Edwar Ptazzeo/ Attorney-in- act
SF-22 7181
Lr �
,
Orange County
OR-067-95-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
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