Agenda - 12-01-1986 - Laserfiche WebLink

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013 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ACTION AGENDA ITEM ABSTRACT ITEM NO4 3 MEETING DATE DECEMBER 1, 1986 SUBJECT; EXAMINATION OF BONDS *********************************************************************** DEPARTMENT: PURCHASING & CENTRAL SERVICES PUBLIC HEARING YES X NO ************************************************************************** ATTACHMENT(S) : INFORMATION CONTACT: PAM JONES BONDS FOR: EXT 497 1. ) SHERIFF 2. ) REGISTER OF DEEDS 3 . ) FINANCE OFFICER 4. ) TAX COLLECTOR 5. ) BLANKET EMPLOYEE PHONE NUMBERS: HILLSBOROUGH 732-8181 HILLSBOROUGH 732-9361 CHAPEL HILL 967-9251 MEBANE 227-2031 URHAM 688-7331 *************************************************D** ******************* PURPOSE: To examine bonds for officials as prescribed in G.S. 109-5. NEED: 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 for $25,000 - Sheriff; $25, 000 -- Register of Deeds; $250,000 - Finance Office; $30, 000 - Tax Collector; $10,000 - All County Employees for faithful performance. Documentation on the Sheriff's bond has not been received as yet but will be according to the same terms as presently exist. RECOMMENDATION: Approve bonds at present level.