HomeMy WebLinkAboutAgenda - 01-18-2000 - 8tORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
ACTION AGENDA ITEM ABSTRACT Item No.
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
Tax Collector
Blanket Bond for Employees
Mebane 227-2031
Durham 688-7331
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 been 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.
PUBLIC OFFICIAL BOND- TRAVELERS CASUALTY AND SURETY COMPANY OF AMERIC,
FOR DEFINITE TERM Hartford, Connedkut 08193
BOND NO. 25 S 25044872 BCA
KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS
Of 400 SEVERIN STREET, CHAPEL BILL, NORTH CAROLINA , as Principal
and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a corporation of Hartford, Connecticut, as S
M hold
•ti
a•
Rand flrr* bound unto ORANGE COUNTY, HILLSBOROUGH, NORTH CAROLINA
fn the penal sum of TWENTY FIVE THOUSAND AND 00/100 ----------------- 4$25,000.00-------) Dollars, I
money of the United States of America, for the payment of which well and truly to be made, sold principal I
Wisefterself, his/her heirs, executors, administrators and assigns, and said Surety binds itself, Its successors and ass
join@j artd severally, firmly by these presents.
SEALED and dated this 24th day of NOVEMBER .19 98
WHEREAS, the said principal has been ELECTED to the office of SHERIFF
tfor a definite term beginning DECEMBER 1, 1998 and ending DECEMBER 1, 2002 and is requin
famish a bond for the WWI 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 (excep
hwWr m ftr provided) faithfully perform the duties of his/her said office or position during the said term, and shall pay ova
the persons authorized by law to receive the same all moneys that may come into his/her hands during the said term wit
fiiaud Or delay, and at the expiration of said term, or in case of his/her resignation or removal from office, shall turn ov(
his/her Successor all records and property which have come Into his/her hands, then this obligation to be null and %
athewm ise 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 fund resul
from the insolvency of any bank or banks in which said funds are deposited; and, if this provision shall be held void, this er
band shall be void.
AND PROVIDED FURTHER, that the Surety may cancel bond at any time during the said term by giving to the oblige
wrMen notice of Is desire so to cancel and at the expiration of thirty (30) days from the receipt of such notice by the obli
ft smety steal be comi:Adely released as to all liability thereafter accruing. If this provision shall be held void, this en
bond shat be void.
(S?
(Pdncip
ALBERT L. PENDERGRASS
TRAVELERS CASUALTY AND SURETY COMPANY OF AMERN
By
TH T. NGUX , Attomey-in-f=act Y
3
North Carolina
ODy
WeSztern,Surety Company
OFFICIAL BOND
KNOW ALL PERSONS BY THESE PRESENTS: Bond No. 68793590
plicate
That we, Jo ce H. Pearson
of rough , 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 Register of Deeds
in the sum of Talent --Five Thousand and 00/100 DOLLARS ($ 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 X998
THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, That whereas, the said Principal has been
El 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 THEREFORE, if the said Principal shall in all things faithfully perform the duties of his office and
shall ho thLaccPunt for all moneys and effects that may come into his hands in his official capacity during
the sae,.tien his obligation to be void, otherwise to remain in full force and effect.
Thai br?dr s 'e ted by the Surety upon the following express conditions, which shall be conditions
pf deit to the.-6f recovery hereunder:
UMST: The Su shall not be liable for the loss of any public moneys or funds resulting from the
fat? a )rr-deffagmlt Qayment by any Banks or Depositories in which any public moneys or funds have been
deposited. i?
SE.COI 'bond may be cancelled by the Surety as to future liability by giving written notice, by
-r9t7/lfIN113 r
certified mail, addressed to each, the Principal and the Obligee at RegisterCarolinas North
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.
Wi ' ss to Prindp. ,-?
j Principal
Witness to S
WESTERN SURETY COMPANY
By _ T
Countersigned North Carolina Resident Agent
Approved this _ day of
Form 1264•A-4-98
ERIE INSURANCE COMPANY
Public Official Bond
Q94. 6M
. ?3 20 X
1knofa cA11 ?Kett 4 these f resen#s, Bond No.
That we, .. ICs "n ] Tyrone ,Chavi.ous
of Durham, Nc
and the ERIE INSURANCE COMPANY, a • .. y n c a t ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' as Principal,
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 ....P?yx?a....... with offices at . l00 Erie Insurance Place, Erie, Pa
Or a Count .................i65?o .*
.
as Surety, are held and firmly bound unto .... an$ ... . Y Board Of Ca mnissioners
in the sum of .... .T.q? ht?,fifty, thouP.......... -......---------Zollars,
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 ....... 28th .............. day of ...?.e.$tember19 9?.. .
Whereas, the above bounden .... Ketmeth 1?rrone, ?vious ................. .............. .
was on the ....... Z 3rd .......... day of ......October , .......... 19.92 .. duly appoint edc
Director Of Finance Orange County Board Of Ccmnissioners
............................................. ofthe ..............................................
for a term beginning on the .23rd.da7„9f October,,199............................................
Now, Therefore the condition of this obligation is such:
that if the above bounden .... Kemath.Tr ofrane amvious, , , , ,
shall well and faithfully discharge the duties his office and promptly account far 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-
i ng 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. meth one Chavious
Principal ........... 7'.? .........'.........
ERIE INSIi&tN)GE COMPANY
.? ...............
ERIE INSURANCE COMPANY
Public Official Bond
Anufv III en bg Th esr ]1resents,
Bond No, 4$55460044, .
That We, .. ,?Q . Anil .Swan . RAhersc?n ......................... . .................................. .
of ...H? 1?0pxgwb'..$...C............ ............................................ as Principal,
and the ERIE INSURANCE COMPANY, a corporation duly incorporated under the laws of the Stale of
Pennsylvania, having its principal office in the City of Erie in the said State, and licensed to do business in
the State of Aq tkt •GazQ1iAA ....... with offices at .1,00. Erie. lnsuranee• Place; -Erl-e; • P•.-A: -
as Surety, are held and firmly bound unto :County. of. ,Orange, . North -Carolina ........ - ,,
in the sum of ThVrM.Thousand .&. DA/ 100 ............................................. 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 ..Eourth .................. day of Janva-ry.2000 ......
Who", the above bounden .J4. APx. Swan . Raherson ..........................................
was on the ....Fourth
........, ..... , day of . January ................. 2000... duly appointed or elected
......Tax. Collector ....................... Of the .. I74ouury..of..Oran4e .........................
Fourth of January, 2000
for a term beginning on the ......................................................................
Now, Therefore the condition of this obligation is such:
that if the above bounden Jo,An'!. WwAr 0+tp )9UPR ...............................................
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 panies exe-
cuting this undertaking will pay all damages, costs and expenses resulting from such default, not exceea-
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.
Principal .......
ENE INSURANa COt~Y
Orange County
OR-067-99-CR
July 1, 1999 to July 1, 2000
SECTION IV
CRIME
CONTRACT DECLARATIONS
Coverage Agreements
2.
3.
4.
Faithful Performance
Blanket Position Coverage
Loss Inside the Premises
Loss Outside the Premises
Money Orders and Counterfeit Paper Currency
to
Limits of Liability
$250,000
$250,000
$250,000
$250,000
5. Depositors Forgery $250,000
Deductible:
$250