Agenda - 12-05-1983 - Laserfiche WebLink

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F ; o _ The Surety, in consideration of the payment of the premium, and subject to the Declarations made part hereof, the General Agreement, Conditions and Limitations and other terms of this Bond, agrees, ■ accordance with such of the Insuring Agreements hereof as are specifically designated by the insertion an amount of Indemnity in the Table of Limits of Liability, to indemnify the Obligee for the use and snefit of the Insured for: l INSURING AGREEMENTS _ Honesty Blanket Bond Coverage Loss sustained by the Insured through any fraudulent or dishonest act or acts committed by ony of die Employees, acting me or In collusion with others,during the(Bond Period, to an amount not exceeding in the aggregate the amount stated in the cable of Limits of Liability applicable to this Insuring Agreement l Honesty Blanket Position Bond Coverage Loss sustained by the Insured through ony fraudulent or dishonest act or acts committed by any of the Employees acting sne or in collusion with others, during the:Bond Period, the amount of Indemnity on each of such Employees being the amount sled In the Table of Limits of Liability applicable to this Insuring Agreement 2, Fait,Iful Performance Blanket Bond Coverage Loss caused to the Insured through the failure of any of the Employees, acting alone or in collusion with others, to perform ithfully his duties or to account properly for all monies and property received by virtue of his position or employment during c Bond Period to an amount not exceeding In the aggregate the amount stated in the Table of Limits of Liability applicable this Insuring Agreement 3. ! Faithful Performance Blanket Position Bond Coverage Loss caused to the Insured through the failure of any of the Employees, acting alone or in collusion with others, to perform ithfully his duties or to account properly for ail monies and property received by virtue of his position or employment during e Bond Period, the amount of Indemnity on each of such Employees being the amount stated in the Table of Limits of Leibiflry plicablo to this Insuring Agreement 4 GENERAL AGREEMENT I Loss Under Prior Bond If the crnerage of an Insuring AgreemenI l of this Bond in substituted for any prior bond carried by the Insured or by any pred- essor In Interest of the Insured which prior bond is terminated,'canceled or allowed to expire as of the time of such substitution. e Surety agrees that such Insuring Agreement applies to lots sustained by,or caused to,the Insured,as the case may be,prior to during the Bond Period,provided that ouch loss Is discovered after the beginning of the Bond Period and prior to the expiration three years from the cancelatfon of this Bond as an entirety and that such loss would have been recoverable by the Insured or ch predecessor under such prior bond except for the fact that the time within which to bring suit,action or proceeding of any kind ereunder had expired,and provided further., Ill the Indemnity afforded by this General,Agreement shall be a part of and not in addition to the amount of coverage afforded by the applicable Insuring Agreement of this Bond;and 121 such loss would have been covered under such Insuring Agreement had such Insuring Agreement with Its agreements, con- ditions and limitations as of the time of such substitution been In force when the acts or defaults causing such loss were committed; and 131 recovery under such 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 been in force when such acts or defaults were committed, or the amount which would hove been recoverable under such prior bond had such prior bond continued in force until the discovery of such loss H the latter amount be smaller THE FOREGOING INSURING (AGREEMENTS AND GENERAL AGREEMENT ARE SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: - DEFINITIDNS I for other losses under the applicable Insuring Agreement, Section 1. The following terms,as used In'this Bond,shall whenever sustained; provided, however, that the Surety's total we the respective meanings stated in this Section: liability under each such Insuring Agreement for any loss caused "Employee" as used in insuring Agreements I and 2 by any Employee or in which such Employee is concerned or means a person while In the employ of the Insured during implicated Is limited to the applicable amount of indemnity the Bond Period who is not required by low to give bond specified in the Table of Limits of Liability conditioned for the faithful performance of his duties end Indemnification by the Surety for any loss under Insuring who is a member of the staff or personnel of the Insured Agreement 2 or 4 shall not reduce the Surety's liability for but does not mean any Treasurer or Tax Collector by what- other losses under the applicable Insuring Agreement, when. ever title known. I ever sustained; provided, however, the Surety's total liability "Employee" as used In Insuring Agreements 3 and 4 under each such Insuring Agreement as no each Employee is means a person while in the employ of the'Insured during limited to the applicable amount of indemnity specified in the the Bond Period who is not required by law to furnish Table of Limits of Liability an Individual Bond to qualify for office and who Is a member Regordiess of the number of years this Bond shall continue of the staff or personnel of the Insured but'does not mean In force and the number of premiums which shall be payable any Treasurer or Tax Collector by whatever title known or paid, the limit of the Surety's liability as Y� ry specified in the UNIDENTIFIABLE EMPLOYEE' Table of Limits of Liability shell not be cumulative from year Section 2, In case a loss Is alleged to have been caused to year or period to period,. the Insured through acts or defaults by an:Employee cov• LIMIT OF LIABILITY UNDER THIS BOND ed under an applicable Insuring.•Agreement of this Bond, vile such Insuring Agreement is in full force'and affect and -AND ANY PRIOR BOND e Insured shall be unable to designate the specific Employee Section 5. With respect to loss under Insuring Agreement using such loss, the Insured shall nevertheless have the I or 3 caused by any Employee or in which such Employee Is :merit of such Insuring Agreement provided that the evidence concerned or implicated or which is chargeable to such Em• bmitted reasonably establishes that the loss was In fact pfoyee as provided In Section 2 of this Bond and with respect used by such Employee through such acts or defaults and to loss under insuring Agreement 2 or 4 caused by any Em- ovided, further, that regardless of the number of such Em- ployee or which Is chargeable to such Employee as provided In syees concerned or implicated in such loss,, the aggregate Section 2 of this Bond and with respect to loss under any Witty of the Surety for arty such loss shall not exceed the Insuring Agreement which occurs partly during the Bond Period 'stunt stated ri Item 4 of the Declarations applicable to such and partly during the period of other bonds Issued by the Surety swing 1 to the Insured or to any predecessor In interest of the Insured EXCLUSION and terminated or canceled or allowed to expire and in which the Section 3. This Bond does not cover any loss sustained by, period specified therein for bringing suit, action or proceeding caused to,the Insured under circumstances::hereby and to the any period p or if a such period c ble statue therein,then within t amount which the Obligee or the Insured voluntarily under- not period prescribed by the applicable statute o!limitations,has tee or is obligated by law to exonerate or indemnify any of noT expired at the time such loss thereunder Is discovered, t Employees against liability incurred by them In the perform- the total liability of the Surety under this Bond and under such ce of their duties I other bonds shall not exceed, In the aggregate, the amount carried under the applicable Insuring Agreement of this Bond LIMITS OF LIABILITY 11 on such toss or the amount available to the Insured under such Section 4, Indemnification by the Surety for any loss under other bonds, as limited by the terms and conditions thereof. suing Agreement 1 or 3 shall not reduce the Surety's liability for any such loss if the latter amount be larger i 1