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2022 - 37 - RESOLUTION - Resolution to Approve the Bonding of County Officials
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2022 - 37 - RESOLUTION - Resolution to Approve the Bonding of County Officials
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2/10/2023 12:24:17 PM
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2/10/2023 11:45:51 AM
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Admin-Clerk
Document Type
Resolution
Committee
Board of Commissioners
Date
12/5/2022
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FILED <br /> LEE COUNTY NC <br /> PAMELA G. BRITT <br /> REGISTER OF DEEDS <br /> FILED Feb 06, 2023 <br /> AT 03:04:02 pm <br /> BOOK 00003 <br /> START PAGE 0894 <br /> END PAGE 0895 <br /> INSTRUMENT # 00648 <br /> EXCISE TAX (None) <br /> NORTH CAROLINA <br /> LEE COUNTY <br /> RESOLUTION <br /> TO APPROVE THE BONDING OF COUNTY OFFICIALS <br /> WHEREAS, North Carolina General Statutes §105-349(c) requires a Tax Collector to provide a <br /> performance bond in such amount as the governing body may prescribe;and <br /> WHEREAS, North Carolina General Statutes §159-29(a) requires the Finance Officer to provide a <br /> performance bond with sufficient sureties in an amount to be fixed by the Governing Board. The amount of the <br /> bond fixed by the governing board may not be less than the greater of the following: (1) Fifty thousand dollars <br /> ($50,000) or(2)An amount equal to ten percent (10%) of the unit's annually budgeted funds, up to one million <br /> dollars($1,000,000); and <br /> WHEREAS, North Carolina General Statutes §159-29(b) requires each officer, employee or agent of a <br /> local government who handles or has in his custody more than one hundred dollars ($100) of the unit's funds at <br /> any one time to provide a performance bond in an amount to be determined by the Governing Board; and <br /> WHEREAS,North Carolina General Statutes§159-29(c)authorized a local government to adopt a system <br /> of blanket faithful performance bonding as an alternative to individual bonds;and <br /> WHEREAS, this Board is of the opinion that it is more efficient and economical and in the best interest <br /> of the County to have a system of blanket bonding rather than individual bonds to include in the blanket bond <br /> coverage for risks not protected against by the individual bond for Elected Officials, Finance Officers and Tax <br /> Collectors;and <br /> WHEREAS, North Carolina General Statutes §161-4 requires every Register of Deeds to provide a <br /> performance bond with sufficient surety to be approved by the Board of County Commissioners, in the sum of <br /> not less than$10,000 nor more than$50,000; and <br /> WHEREAS,North Carolina General Statutes §162-8 requires the Sheriff to provide a performance bond <br /> in an amount determined by the Board of County Commissioners but that shall not exceed$25,000; and <br /> WHEREAS,North Carolina General Statutes§58-72-55 requires the Clerk to the Board of Commissioners <br /> to record in the proceedings the names of those Commissioners who are present at the time of approval of the <br /> official bonds and who voted for such approval; and <br /> WHEREAS, North Carolina General Statutes §58-72-55 further provides that any Commissioner may <br /> cause their written dissent to an official bond to be entered into the records of the Board; <br /> NOW, THEREFORE,the Board of Commissioners of Lee County hereby resolves as follows: <br /> 1. That is Board hereby accepts and approves bonds for public officials as follows: <br /> a. Michael Brown, Tax Collector, $100,000 with Ohio Casualty Insurance; and <br /> b. Candace Iceman,Finance Officer, $1,000,000 with Ohio Casualty Insurance;and <br /> c. Pam Britt, Register of Deeds, $50,000 with Ohio Casualty Insurance; and <br /> d. Brian Estes, Sheriff,$25,000 with Ohio Casualty Insurance; and <br />
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