Agenda - 12-06-1982 - Laserfiche WebLink

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• , 'the Surety, in consideration of the payment of the premium, and subject to the Declarations made a.part h2i•cof, the General Agreement,Conditions and Limitations and other terms of this Bond,agrees,in accordance with such of the Insuring Agreements hereof as are specifically designated by the insertion of an amount of indemnity in the Table of Limits of Liability,to indemnify the Obligee for the use and benefit of the Insured for: - i INSURING AGREEMENTS ` l.: HONESTY BLANKET BOND COVERAGE I. Loss sustained by the Insured through any fraudulent or dishonest act or acts committed by any of the Employees.acting alone or in collusion n ith others.during the Bond Period,to an amount not exceeding in the aggregate the amount stated in the Table of Limits of Liability applicable to this Insuring Agreement I. . HONESTgY BLANKET' POSITION BOND COVERAGE 2. Loss sustained alone or in collusion ytth others`during the BondrPer'iod the amolunt of indemnity on each tof such Employees being the samou acting stated in the Table of Limits of Liability applicable to this Insuring Agreement 2. 1 I AiTHFUL PERFORMANCE BLANKET BOND COVERAGE V'3. to caused to the Insured through the failure of thS.�mpIgeit s,ac i Rite ooe in collusion with others,to. erfor fa' es o�tn mount ro 17 or all monies and ro erty re ei u. . r si a to merit dunng to an amount Oct exceedingtn t e sggresote t a amount stated in the Table of Limits of Linbi ity app ica a ' to ibis Insuring Agreement 3. FAITHFUL PERFORMANCE" BLANKET POSITION BOND COVERAGE 4, Loss caused to the Inslured through the failure of any of the Employees,acting alone or in collusion with others,to perform faithfully his duties or to account properly for all monies and properly received by virtue of his position or employment during the Ilona Period,the amount of indemnity on each of such t.mployces being the amount stated in the Table of Limits of Lie, bility applicable to this!n'auring Agreement 4. GENERAL AGREEMENT I • t LOSS UNDER PRIOR BOND If the coverage of an insuring Agreement of this Bond is substituted for any prior bond carried by the Insured or by any predecessor in interest of the Insured which prior bond is terminated,canceled or allowed to expire as of the time of such sub- stitution,the Surety agrees that such lusuring Agreement applies to loss sustained by,or caused to,the Ensured,as the case may be,prior to or during the Bond Period,provided that such loss is discovered after the beginning of the Bond Period and prior to the expiration of three years from the concclation of this Bond as an entirety and that such loss would have been recoverable by the Insured or such predecessor under such prior bond except for the'fact that the time within which to bring suit,action or proccedingjof ally kind thereunder had expired,and provided further: (1) the indemnity afforded by this General Agreement shell be a part of and not in addition to tho'amount of coverage _afforded by the[applicable Insuring Agreement of thi llond;and • (2) such loss wouldlhave been covered under such Insuring Agreement had such Insuring Agreement with its agreements, conditions and limitations as of the time of such substitution been in force when the acts or defaults causing such loss were committed;and (3) recovery underlsuch Insuring Agreement on account of such loss shall in no event exceed the amount which would have been recoverable under such Insuring Agreement in the amount for which it is written as of the time of such substitution,had such insuring Agreement Leen in force when such acts or defaults were committed,or the amount which would halve been recoverable under such prior bond had such prior bond continued in force until the discovery t - of such loss if the latter amount be smaller. _ . THE FOREGOING INSURING AGREEMENTS AND GENERAL AGREEMENT ARE SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: • I • " DEFINITIONS .t i,. dance submitted reasonably establishes that the loss was in Scctioo I, The following terms, as used in this Bond, fact caused by such Employee through such acts or defaults shall have the respective Meaning's stated in this Section: and provided,further,that regardless of the number of such p 5 Employers concerned or implicated in ouch toss, the aggre- "Fmployee" as used in Insuring Agreements I and 2 gate liability of the Surety for any such loss shall not exceed means a person while In the employ of the fissured during the amount stated in Item 4 of the Declarations applicable to the Baud Period who is not required by law to give bone such Insuring A'-cement. conditioned for the faithful performance of his duties and who is a member of the stuff or personnel of the Insured E'}CCLUSION - - but does not mean ally Treasurer or Tax Collector by whatever tide known. Section 3. This Bond does not cover any loss sustained "Employee' as used in Insuring Agreements 3 and 4 by or caused to,the Insured under circumstances wlwrehmy means a person while in the employ of the Insured during and to the amount which the Obligee or the Insured volun- the Bond Period who Iis not required by low to furnish tarity undertakes or is obligated by law to exonerate or an Individual Bond to qualify fur office and who is a mein, indemnify any of the Employees against liability incurred by her of the staff or personnel of the Insured but does not them in the performance of their duties. mean any Treasurer dr Tax Collector by whatever title L{h{IfS OF LIABILITY known, I Section 4, Indemnification by the Surety for any loss UNIDENTIFIABLE EMPLOYEE under lnsuriug Agreement 1 or 3 shall not reduce the Section 2. In case a loss is alleged to have been caused Surety's liability for other losses under the applicable Instir. to the Insured through airs or defaults by an Employee coy- ing Ap••rcemcnt, wltcueser sustained; provided, hoprcter, ercd under an applicablellnsuriug AI!recmeut of this Bond, that the Surety s total liability under each such Insuriu•• while such Insuring Agreement is in full force and effect and Agreement fur any Ins caused by an Employee or in whicFi the insured shall Le unable to Jcai,unto the specific Employer such Employee is concerned or implicated is limited to the causing such loss, the Insured shall inwertheless have the applicable amount of indemnity specified in the Table hf t..•n-die of such lns.rinel At:ract:a lit provided that the evi• Limits of Liability, i i