Agenda - 01-20-2000 - 8t - Laserfiche WebLink

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off. PUBLIC OFFICIAL BOND- FOR DEFINITE TERM TRAVELERS CASUALTY AND SURETY COMPANY OF AMMERICA Hartford. Corttredid~t 08183 BONG NO. 25 S 25044872 BCA gVC1WALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS d 400 SEVERIN STREET, CHAPEL HILL, NORTH CAROLINA as Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a corporatlon of Hartford, Connecticut, as Surely ears held '1 Viand t~nrh- bound unto ORANGE COUNTY, HILLSBOROUGH, NORTH CAROLINA iin the penal sum of TWENTY FivE THOUSAND AND 00 / 100------------------(325 , 000.00-------) Dollars, lawful rtwney ~ the United States of America, for the payment of which well and truly to be made, said principal binds himssldhetself. his/her heirs, executors, administrators and assigns, and said Surety binds itself, its successors and assigns, Io~!il et~d NIt. firrMy by these presents. SEIV.ED end dated this 24th day of NOVEMBER , 19 98 WHEREAS, the said principal has been ELECTED to the office of SHERIFF ttoredetinileterm beginning DECEMBER 1, 1998 and ending DECEMBER 1, 2002 and is required to tiirtrish a bond for the faifhfUl performance of the duties of the said office or position. NONV, THEREFORE THE CONDITION OF THIS OBLIGATION is such that if the above bounden Principal shall (except as Iteroinaller provided) faNMuNy perlbrm the duties of his/her said office or position during the said term, and shall pay over to the persons authorized try IaNV to rerxi\re the same ail moneys that may come Into his/her hands during the said term without IFaud or delay, and at the expiration of said term, or in case of his/her resignation or removal from office, shall turn over to hislfrer successor aN records and property which have come Into his/her hands, then this obligation to be null and void; otherwise to remain in fuN force and effect. PROVIDED, HOWEVER. that the above named Surety shall not be liable hereunder for any loss of any public fund resulting ftvrn the insohency of any bank or banks in which said funds are deposited; and, if this provision shall be held void, this entire bond shat be void. AND PROVIDED FURTHER, that the Surety may cancel bond at any time during the said temp by giving to the obligee a vwllfart twtlce ~ ib desire so to cancel and at the expiration of thirty (30) days from the receipt of such notice by the obligee fhe surety shah be a~mpkiley released as bo all liability thereafter accruing. If this provision shall be held void, this entire bard afraN be void. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA TH T. NGUY Attorney-in-Fact. ALBERT L. PENDERGRASS