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CONTINUOUS THE If TNA CASUALTY AND SURETY COMPANY
<br /> PUBLIC OFFICIAL BOND Hartford, Connecticut 06115
<br /> FOR INDEFINITE TERM
<br /> UFE&CASUALTY
<br /> BOND NO. 100159135 017
<br /> . _
<br /> KNOW ALL MEN BY THESE PRESENTS, That we I .,
<br /> of 228 WEST QUEEN STREET, P.0, BOX 1004, HILLSBOROUGH, NORTH CAROLINA , as Principal, 1
<br /> and THE /ETNA CASUALTY AND SURETY COMPANY, a corporation of Hartford,Connecticut,as Surety,are held and
<br /> firmly bound unto ORANGE COUNTY, NORTH CAROLINA
<br /> in the penal sum of TWO HUNDRED FIFTY THOUSAND AND 00/100----(8 250,000.00---)Dollars,
<br /> lawful money of the United States of America, for the payment of which, well and truly to be made, said Principal binds
<br /> himself/herself, his/her heirs, executors, administrators and assigns, and said Surety binds itself, its successors and
<br /> assigns, jointly and severally, firmly by these presents, the liability of the Surety, however, being limited to the penal
<br /> amount above named regardless of the number of years this bond remains in force or the number of premiums paid.
<br /> SEALED and dated this 16TH day of APRIL , 19 85
<br /> WHEREAS, the said Principal has been -A. POINT ED to the office of FINANCE DIRECTOR
<br /> for - APRIL 16, 1985 and is required to furnish
<br /> - -
<br /> a bond for the aithful performance of the duties of the said office or position,
<br /> NOW, THEREFORE THE CONDITION OF THIS OBLIGATION is such that if the above bounden Principal shall (except
<br /> as hereinafter provided) faithfully perform the duties of his/her said office or position during the time this bond remains
<br /> in force, and shall pay over to the persons authorized by law to receive the same all moneys that may come into his/her
<br /> hands during the said time without fraud or delay,and at the expiration of said time, shall turn over to hisiher successor
<br /> all records and property which have theretofore come into his/her hands, then this obligation to be null and void; other-
<br /> wise to remain in full force and effect.
<br /> PROVIDED, HOWEVER, that the above named Surety shall not be liable hereunder for any loss of any public funds re-
<br /> sulting from the insolvency of any bank or banks in which said funds are deposited; and, if this provision shall be held
<br /> void, this entire bond shall be void.
<br /> AND PROVIDED FURTHER, that any party to this instrument may cancel the same at any time, with or without cause,
<br /> by notifying both of the others by certified mail of an intention thereby to cancel, in which event such cancellation
<br /> shall be fully effective at the expiration of thirty (30) days from the mailing of such notice. In the absence of such a
<br /> notice, and if there should be no cancellation by agreement between all of the parties hereto, the bond shall remain con-
<br /> tinuously in full force and effect, in the penal amount above named, as long as the Principal holds the said office or
<br /> position.
<br /> CORDON RAY BAKER
<br /> WITNESS:
<br /> BY:
<br /> 4g - (SEAL)
<br /> Principal
<br /> Countersigned:
<br /> THE /ETNA CASUALTY AND SURETY COMPANY
<br /> 13Y: .21-04/1
<br /> icensed,liesidet Agent By
<br /> C ri-ISTOPRER H. NOI3Afi Attorney-in-Fact
<br /> CAT. 401994
<br />
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