Agenda - 12-01-1986 - Laserfiche WebLink

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w r- r---____ • : -- • • Illig - PUBLIC OFFICIAL BOND - THE 'ETNA CASUALTY AND SURETY COMPANY l FOR DEFINITE TERM Hartford, Connecticut 06115 u:E&r.ASUAU Y • BOND NO. 25 S 25044872 BCA - - • , - . • KNOW ALL MEN,BY THESE PRESENTS, That we ALBERT LINDY PENDERGRASS • - of CHAPEL HILL, NORM CAROLINA Principal, • and THE (ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford, Connecticut. as Surety, are held . and firmly bound unto .THE STATE OF NORTH CAROLINA ' • • -in the penal sum of TWENTY—FIVE THOUSAND 'AND 00/100------ (525,©00.Q0--_-----) Dollars, lawful money of the United States of America, for the payment of which well and truly to be made, said Principal - . binds hirnself/herself, his/her heirs, executors, administrators and assigns. and said Surety binds itself, its sue cessors and assigns, jointly and severally; firmly by these presents.- • - SEALED and dated this 1ST day of DECEMBER . i986 - • WHEREAS, the said Principal- has been ELECTED . . to the'office of SHERIFF.OF ORANGE COUNTY, N.C. - for a definite term beginning DECEMBER 1, 1986 and ending DECEMBER I, 1990 and is required to furnish a bond for the faithful Wince 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) faithfully 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 trends 1• . 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. • WITNESS: . ' . • ALBERT LINDY -PENDERGRASS BY: SEAL) ' • (Principal) . Countersigned; _ - THE "ETNA CASUALTY AND SURETY COMPANY -"�'• — By / \ yr icJi.L . . _..c... . .w ?_: -' - .,{ $, NANCY __. CH.41.1N, 0,, Attorney-in-Fact CAT. 40•L-:d