Agenda - 12-08-1998 - 5a - Laserfiche WebLink

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PUBLIC OFFICIAL BOND. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA FOR DEFINITE TERM Hartford, Ccnnecdcut 06183 BOND NO. 25 S 25044872 BCA KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGR&SS of 400 SEVE1tIN STREET, CHAPEL HILL, NORTH CABOLZNA . as Prirnckpak and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a corporation of Hartford. Connecbeut, as Surety are held XW flflydy bound unto ORANGE COMM, HILLSBOROUGH, NORTH CAROLINA in the penal SM of TWENTY FIVE THOUSAND AND OOIIOD-------- --- - - - - -- -{$25,000.00 -- ) Dollars, I wllul money of the UnfEed Stabs of America, for the paMON of which well and truly to be made, said prinepal binds hirrrselttherself, his/her heirs, executors, adminWmbora and assigns, and said Surety binds Itself, its successors and assigns, M* and severally, firmly by gnetise preserft SEALED end dated Oft 24thday of NOVMER '19 98 WHERM the said piinoipef has been E) crm to the oflbe of SHBRIPF for a definite hmr beginning DECMMM 1, 1998 and ending DICE 11BER t, 2002 and is required to famish a bond for the thlt U perforrnance of the duties of the said office or position. NOW, THEREFORE THE CONDMON OF THIS 013"TION is such that if the above bounden Principal shall (except as 114"m8tisr PmNWGM fis$Idu1y parlbmr the daft of his w said afflim or position during the said term, and shag pay over to the persons nut wIzed by law b rev" the same all moneys that may came Into his/her hands during the =4 term without fraud or delay. and at the egai,*b of sold term, or in case of his/her resignation or removal fnam office, shall hum over to his/her suooesear all records and prop" which have come Into his/her hands, then this obigabon to be nuts and void; ouwwise to remain in full force and eff a PROVIIO, HOWEVER, that the above named Surety shell not be liable hereunder for any loss of any pubic h rid resulting firorn the insoWncy of any bards or banks in which said funds are deposited; and, if the provision shall be held vo4 this entire bond shah be void. AND PROVIDED FURTHER, that the Surety may cancel bond at any time during the said term by ghring to the ow9se a written notice of ft desire so to cancel and at the expiation of MV (30) days from the maw of such notice by the obwgee the surety shah be C0rr1pId* released aS to al fmbi6ty hereafter accruing. If this provision sW be held void, this entire bond shall be void. VYITNES& (SEAL) (per ALBERT L. PEND=RMS TRAVELERS CAWALTY AND SURETY COMPANY OF AMERICA BY AA T. N Aomey.in -Fad.