Agenda - 12-02-1996 - 13a - Laserfiche WebLink

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/ PUBLIC OFFICIAL BOND - THE ETNA CASUALTY AND SURETY COMPANY • FOR DEFINITE TERM Hartford, Connecticut 06115 UFE d&CASUALTY BOND NO. 25 S 25044872 BCA KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS of 400 SEVERIN STREET, CHAPEL HILL, NORTH CAROLINA as Principal, and THE .ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford, Connecticut, as Surety, are held and firmly bound unto ORANGE COUNTY, HILLSBOROUGH, NORTH CAROLINA in the penal sum of TWENTY—FIVE THOUSAND AND 00/100 ($ 25,000.00 ) 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 1994 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 fumish 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) fait(lfully perform the duties of his/her said office or position during the said term, and shall pay over to the persons authorized by law 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. L .. (SEAL) ALBERT L. MI DERGRASS, (Principal) THE (ETNA CASUALTY A D SURETY COMPANY DE iSE B. ARTIS Attorney-in-Fact CAT. 409980 (S-719-M) 1-78 PRINTED IN U.S.A.