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PUBLIC OFFICIAL BOND- TRAVELERS CASUALTY AND SURETY COMPANY OF AMERIC, <br />FOR DEFINITE TERM Hartford, Connedkut 08193 <br />BOND NO. 25 S 25044872 BCA <br />KNOW ALL MEN BY THESE PRESENTS, That we ALBERT L. PENDERGRASS <br />Of 400 SEVERIN STREET, CHAPEL BILL, NORTH CAROLINA , as Principal <br />and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, a corporation of Hartford, Connecticut, as S <br />M hold <br />•ti <br />a• <br />Rand flrr* bound unto ORANGE COUNTY, HILLSBOROUGH, NORTH CAROLINA <br />fn the penal sum of TWENTY FIVE THOUSAND AND 00/100 ----------------- 4$25,000.00-------) Dollars, I <br />money of the United States of America, for the payment of which well and truly to be made, sold principal I <br />Wisefterself, his/her heirs, executors, administrators and assigns, and said Surety binds itself, Its successors and ass <br />join@j artd severally, firmly by these presents. <br />SEALED and dated this 24th day of NOVEMBER .19 98 <br />WHEREAS, the said principal has been ELECTED to the office of SHERIFF <br />tfor a definite term beginning DECEMBER 1, 1998 and ending DECEMBER 1, 2002 and is requin <br />famish a bond for the WWI 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 (excep <br />hwWr m ftr provided) faithfully perform the duties of his/her said office or position during the said term, and shall pay ova <br />the persons authorized by law to receive the same all moneys that may come into his/her hands during the said term wit <br />fiiaud Or delay, and at the expiration of said term, or in case of his/her resignation or removal from office, shall turn ov( <br />his/her Successor all records and property which have come Into his/her hands, then this obligation to be null and % <br />athewm ise 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 fund resul <br />from the insolvency of any bank or banks in which said funds are deposited; and, if this provision shall be held void, this er <br />band shall be void. <br />AND PROVIDED FURTHER, that the Surety may cancel bond at any time during the said term by giving to the oblige <br />wrMen notice of Is desire so to cancel and at the expiration of thirty (30) days from the receipt of such notice by the obli <br />ft smety steal be comi:Adely released as to all liability thereafter accruing. If this provision shall be held void, this en <br />bond shat be void. <br /> <br />(S? <br />(Pdncip <br />ALBERT L. PENDERGRASS <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERN <br />By <br />TH T. NGUX , Attomey-in-f=act Y