HomeMy WebLinkAboutAgenda - 12-05-94 - VIII-D 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No Vat'-
ACTION AGENDA ITEM ABSTRACT
Meeting Date: DECEMBER 5, 1994
SUBJECT: EXAMINATION OF BONDS
DEPARTMENT: PURCHASING AND CENTRAL SERVICES PUBLIC HEARING: YES: NO:XX
ATTACHMENT(S): INFORMATION CONTACT:
BONDS FOR: PAM JONES, ext.2650
SHERIFF
REGISTER OF DEEDS Telephone Number-
FINANCE OFFICER Hillsborough 7324181
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. $250,000 is the standard limit.
There have been no incidents or claims during the past year which would impair the security of these
bonds. Likewise,there appears to be no justification for increasing the limit of bonding associated with
the aforementioned positions.
RECOMMENDATION: The Manager recommends that the bonds be maintained at current levels.
PUBLIC OFFICIAL BOND - THE ,ETNA CASUALTY AND SURETY COMPANY 2
FOR DEFINITE TERM Hartford, Connecticut 06115
ur-EacasuALrr
BOND BO. 25 S 25044872 BCA
KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS
of 4(10 SEVERIN STREET, CHAPEL DILL, BORT$ CAROLINA , as Principal,
and THE /ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford, Connecticut, as Surety, are held
and firmly bound unto ORANGE COUNTT, HILLSBOROUGH, NORTH CAROLINA
in the penal sum of TWENTY—FIVE THOUSAND AND 00/100 ($ 25,000.00 I Dollars,
lawful money of the United States of America, for the payment of which well and truly to be made,said Principal
binds himself/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 DECEMBER , 19 94 .
WHEREAS, the said Principal has been ELECTED to the office of SHERIFF
for a definite term beginning DECEMBER 1, 1994 and ending DECEMBER 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 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
shall pay over to the persons authorized by few 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 bond 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: + 1
64Ifit Fie..et. , 4 AA--=-141u I SE AL I
1 : ; L. PENDERGRASS, (Pri t Ipal)
THE ,ETNA CASUALTY A D SURETY COMPANY
By -- �I 4 `=.+�
' .vi•SE B. ARTIS Attorney-in-Fact
CAT. 409960
•(5.719-MI 1-75 • PRINTED IN USA
3
North Carolina
o\Tf
Western Surety C
F
f
F
F OFFICIAL BOND
F
KNOW ALL MEN BY THESE PRESENTS: BOND No. 68394416
F
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
E 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.
• Dated this 21st day of October 19 94
• THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, That whereas, the said Principal has
• been ❑ appointed E elected to the office of Register of Deeds
•
• for the term beginning the 5th day of December , 1994 , and ending
a the 7th day of December , 19 98 .
• 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 is executed by the Surety upon the following express conditions, which shall be conditions prece-
dent to the right of recovery hereunder:
E 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:Thisbond 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
M bond for any and all acts covered by this bond up to the date of s _ cancelation
Witness to Pri,/(n/cippa 7JyQ�A //f --"Y 0—
1. Principal
-.f"y.urety WESTERN SURETY COMPANY
W
4P ,
_ 1 ! L i By •s
y, Joe P. Kirb , Pr• ent
Countersigned /�/' �� th Carolina Re ' Agent
Approved this o2�.gi day of / , , 19 e7y
F ,
'
6
• Form 1264-A—10-85
® '_.
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ERIE INSURANCE COMPANY cl
Public Official Bond
I
C
i L
Bond No. Q94 7360020 NC '
lEnufu tIl en hg These ese Vresents,
That We, Kenneth Tyrone Chavious
4: Durham,NC
of
as Principal,
4.: 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 Orange County Board Of Commissioners
in the sum of Two hundred fifty thousand
-Sollars, c-,
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.
28th September 92I
SEALED WITH OUR SEALS and dated this day of P 19
Whereas, the above bounden Kenneth Tyrone Chavious
was on the 23rd day of October i9 92 duly appointediccetaziack
Director Of Finance Orange County Board Of Commissioners
of the
23rd of October 1992
for a term beginning on the �Y s 1
J,
Now, Therefore the condition of this obligation is such:
that if the above bounden
Kenneth Tyrone Chavious
shall well and faithfully discharge the duties of his office and promptly account for and pay over all moneys
I iii. or property received by him as such officer, in accordance with law, or in default thereof,the parties exe-
1 , 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. •}
.q; ,Y
3; This undertaking may not be changed or modified orally. No change or modification shall be effective
3 unless made by written endorsement issued to form a part hereof.
3' In Witness Whereof, said Principal has hereunto set his hand and seal and the ERIE INSURANCE F
3' COMPANY has affixed its corporate seal,attested by the signature of its duly authorized Attorney-in-Fact, t-
i j, the day and year first above written. Kenneth Tyrone Chavious 5I
/��/i I L� ` •
' Principal
Y
J.
2, )
EWE INSURANCE C,,E COMPANY c�
3. Vic -, W.- if C '
•
Edward Mazze Attorney-m-
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it\w/V.\w/::\St!!\ :!\0l::V::\�J:.\e/:\��L :!\�I.MM.!\..!:!\/:!NCJ9�/:'-?∎_4 A:!V/_!\i/!!\11/:!\%_:\ i::\�l:Y\..V:WI!lEW tNI�VCI�iCCUV:1l.- \t/C°-k" l_91::\ LY•.
: ERIE INSURANCE COMPANY
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J.
Public Official Bond•A. Bond No, Q91 5160165 NC .
nnua cAt1 en hg (`fit ese Presents,
:• That We,
John Thomas Horner
•
Hillsborough, 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 otErie in the said State,and licensed to do business in
Pennsylvania 100 Erie Insurance Place, Erie, Pa
the State of y with offices at
Oran e County 16530
], as Surety, are held and firmly bound unto $
4
in the sum of Thirty thousand 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 i
by these presents.
SEALED WITH OUR SEALS and dated this 18th day of .August 19 92
'' Whereas, the above bounden John Thomas Horner
1
=. was on the 1st day of July 19 92 duly appointee....,..I-a-,.....
Director Of Revenue o CX Orange County
1
for a term beginning on the 1st day of July, 1992 V
Now, Therefore the condition of this obligation is such:
that if the above bounden John Thomas Horner 1
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 thereof,the parties exe- I
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. t
t; This undertaking may not be changed or modified orally. No change or modification shall be effective
j; unless made by written endorsement issued to form a part hereof. 5-
4;
4; 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' s duly authorized Attorney-in-Fact. ,-
the day and year first above written. Jo 1 r ,I ' er /7
•
Princi.al , ./.'t% ?
�. ... . .e'^ ? /f / tuc- .
•
j; !
.7,E NE INSURANCE COMPANY r.
1 Edward A. zeo 11. �;
•
ttorneyin-F T
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SF-22 7/81
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ORANGE COUNTY
#OR-067-94-CR DECLARATIONS PAGE
- SECTION IV -
CRIME
Coverage Parts: Limits
A. Faithful Performance
Honesty Coverage - Blanket $250,000
B. Broad Form
Money & Securities Inside $250,000
C. Broad Form
Money & Securities Outside $250,000
D. Money Orders and
Counterfeit Paper Currency $250,000
E. Depositors Forgery $250,000
Deductible: $250.00 Per Occurrence
DEC CR p. 1