Agenda - 12-05-1983 - Laserfiche WebLink

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BOO 4PC136 $7 The Surety,in consideration of the payment of the premium,and subject to the Declarations made a part hereof,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 HONESTY BLANKET BOND COVERAGE 1. Loss sustained by the Insured through any fraudulent or dishonest act or acts committed by any of the Employees,acting alone or in collusion with 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., HONESTY BLANKET POSITION BOND COVERAGE 2. Lass sustained by tht6 Insured through any fraudulent or dishonest act or acts committed by any of the Employees,acti alone or in collusion w ithlothers,during the Bond Period,the amount of indemnity on each of such Employees being the amou stated in the Table of limits of Liability applicable to this insuring Agreement 2, • { FAITHFUL PERFORMANCE BLANKET BOND COVERAGE V 3. Loss caused to the ltssul'etl through the failure of an I Employees,ash a faithfu)ly hied cries or t,' Y9 the nc Ip i o.in�o.'sit'with others,t��erf_or�r i I r ro for all monies and ro erw nasal n .sit' • to menu • the hoard Dvrind to an amount not exceeding in t e aggregate t e amount stated in the Table of Limits of Liabi icy applies to this Insuring Agreemeht 3. —FAITHFUL PERFORMANCE BLANKET POSITION BOND COVERAGE 4. Koss caused to the Insured through the failure of any of the Employees.acting alone or in collusion with others,to perforr� faithfull♦his duties or to'account properly for all monies and property received by virtue of his[position or employment durinL the Bona Period,the amcjunt of indemnity on each of such Lmployces being the amount stated in the Table of Limits of Lid. bility applicable to this Insuring Agreement 4. GENERAL AG1(EE'IIENT LOSS UNDER PRIOR BOND If the coverage Man insuring Agreement of this Bond is substituted for any prier bond carried by the Insured or by arc) predecessor in interest of the Insured ehich prior bond is terminated,canceled of allowed to expire as of the lime of such sub. stitution,the Surety agrees that sutrIs Insuring Agreement applies to loss sustained by,or caused to, the Insured,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 anti prior to the expiration of three)ears from the cancelation of this Bond as an entirety and that such loss would have bete recoverable by the Insured or such predecessor under such prior bond except for the fact that the time within which to briuLi suit,action or proceeding of ally kind thereunder had expired,and provided further: (1) the indemnity afforded by this General Agrcement shall be a part of and not in addition to the amount of coverage, afforded by the applicable insuring Agreement of this Bond;and (2) such loss would have been covered under such Insuring Agreement had such Insuring Agreement with its agreements, conditions and liinitations as of the time of such substitution been in force whet. the ad.'s or defaults causing such loss were committed;and (3) recovery under such Insuring Agreement on account of such loss shall in no event exceed the amount which aged have been recoverable under such Insuring Agreement in the amount for which it is written ns of the time of suck substitution,hadlsuch insuring Agreement been in force when such acts or defaults were corrtmitted,or the amount which would have been recoverable under such prior bond had such prior bond continued in force until the discovery of such loss if the latter amount be smaller, THE FOREGOING INSURING AGREEMENTS AND GENERAL. AGREEMENT ARE SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: DEFINITIONS i dense submitted reasonably establishes that the loss was in Section 1. The following terms, as used in this Bond, fact caused by such Employee tin ough such acts or defaults shall have the respective meanings stated in this Section: and provided,further,that rcgardless of the number of such Agreements and 2 Employees concerned or implicuted in such loss, the aggre• "Employee" as used in Insuring Agreemen gate liability of the Surety for arty such huts shall not exceed means a person while in the employ of the Insured during the Baud Period who is ttbt required by law to give bond the amount stated in Item 4 of the Declarations applicably in conditioned for the faithful performance of his duties and such Insuring Agreement., who is a member of the staff ur personnel of the Insured - - but does not mean any Treasurer or Tux Collector by kJCCLlJSION whatever title known.. Sectiou 3, This Band dues not cover any loss sustained "Employee" as used ink Insuring Agreements 3 and 4 by or caused to, the Imsured under circumstances whereby means a person while in the rmpluy of the Insured during and to the amount which the Obliges or the Insured volum the Bond Period who is not required by law so furnish tarily undertakes or is obligated by law to exonerate or art Individual Bond to qualify fur office and who is a fluent indemnify any of the Employees against liability incurred by her of the staff or personnel of the Insured but does riot them in the performance of their duties. mean any Treasurer or Tat Collector by whatever title known. LIMITS OF LIABILITY UNIDENTIFIABLE EMPLOYEE Section 4., Indemnification by the Surety for any loss uner Insuring Section 2. In case a loss is alleged to bate been caused Surety's liability for rother rlossesunderlthle applicable lrtstcr,not reduce the to the Insured through acre or defaults by an Employee cur. Mg Agreement, whenever sustained; provided, hoisecer. ern) under an applicable lnsmring Agrecmetrt of this Bond, that the Surety's total liabilitt^ under each such insuring while such Insuring Agreement is rn full force and effect and Agreement fur any Inns caused by any Employee or in which the Insured shall he unable to de.ignote the specific Employee such Emplu)'ee is concerned or implicated is limited to the causing such loss, the insured shall mu ertleless have the applicable amount of indemnity specified in the Table of ' ! r, fit .•f:u;h I:a:,::r:; A;r};::.is: provided th:,t the eri- Limits of Liability r' -' — ' 1 rs r,nv, . ...___