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ORANGE COUNTY .8 3 <br /> BOARD OF COMMISSIONERS ACTION AGENDA ! <br /> ACTION AGENDA ITEM ABSTRACT ITEM <br /> MEETING DATE December 5, 1983 <br /> SUBJECT: Examination of Official Bonds <br /> DEPARTMENT: Purchasing 6 Central Services PUBLIC HEARING: YES x NO <br /> ---------- <br /> 1 <br /> ATTACHMENT(S): Sheriff's Bond INFORMATION CONTACT: Mark H, Rees <br /> Register of Deed's Bond <br /> Clerk of court's Bond PHONE NUMBERS: HILLSBOROUGH - 732-8181 <br /> Finance Officer's Bond HILLSBOROUGH - 732-9361 <br /> Tax Collector's Bond ext 498 CHAPEL HILL - 967-9251 <br /> ; <br /> MEBANE - 227-2031 <br /> Blanket Employee's Bond <br /> DURHAM - 688-7331 <br /> -4 <br /> PURPOSE: To conduct an examination of bonds required by state law of the following <br /> officers, employees and agents: <br /> 1 <br /> 1). Sheriff <br /> 2). Register of Deeds <br /> 3). Clerk of Courts <br /> 4), FinanCe Officer <br /> 5), Tax Collector <br /> 6). Any officer, employee or agent of the County who handles of has in <br /> his custody more then $100.00 of the County's funds at any time or <br /> who handles or has access to the inventories of the County. <br /> NEED: G. S. 109-5 reads as follows: <br /> The bonds of the officers named in G.S. 109-3 shall be carefully examined <br /> on the first Monday in December of every year, and if it appears that the <br /> security has been impaired, or for any cause become insufficient to cover <br /> the amount of money or property or to secure the faithful performance of <br /> the duties of the office, then the bond shall be renewed or strengthened, <br /> the insufficient security increased within the limits prescribed by law, <br /> and the impaired security shall be made gooc .but-no renewal, or strength- <br /> ening; or,additional security shall increase the penalty of said bond <br /> beyond the limits prescribed for the term of office.. <br /> IMPACT: - The Sheriff's bond is presently $5,000.00,the maximum allowed under <br /> C.S. 162-8. <br /> - The Register of Deeds bond is presently $25,000.00. G.S. 161-4 requires <br /> that the bond be not less then $10,000.00 but not more then $50,000.00, <br /> The Clerk of Court's bond is furnished by the state. Its maximum <br /> liability is $100,000.00 <br /> - The Finance officer's bond is presently $250,000.00, the maximum allowed <br /> under C. . 159-29 (A). <br /> - The Tax Collector's bond is presently $30,000.00. C.S. 105-349 (C) says <br /> that thelamount of this bond is to be determined by the Board of <br /> Commissioners. <br /> - All County employees are bonded to $10,000.00, through a Faithful <br /> Performance Blanket Position Bond. <br /> RECOMMENDATION(S): <br /> Approve Bonds at present levels.. <br /> rilli••••■■••■•■•--_ <br />