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HomeMy WebLinkAbout2789 . ~ The Surery, i~ consideration of the payment of the premium, and wbjett to the Declarations made a part hereof, the General Agreement, Cortiditions and Limitations and othe~ temns of this 6ond, agrees, in accordance with wth of the Insuring Agreements hereof as am spetifitally desi~~sted by the insertion ot an amount of indemnity in the Table of Limits of Liability, to indemnify the Obligee fo~ ffie use and benefit of the Insu~ed for , INSURING AGREEMENTS Ha~esty Blanket Bond Cove~age 1. Lou wstai~ed by the Insured thra,~h any faudulent or dishaxst xt or acts committed b~r any of the Employees, xtinq slone or in collusion with others, du~iny the Ba~d Period, to an smount not exceedin~ in the appropste the smount stated in the T~ble of Limits of ltsbilit4 appticable to this Insurirg A~reeme~t 1. Honesty Blanket Position Bond Coverage 2. Lou wstained by the Inwred thraqi+ sny fnudulent or disha~?est ac~ c.- acts committed by sny of the Empbyeas xtin0 alone or in collusia? wiM others, ~rirp the Bond Pe~iod, the smount of indemnity on exh of wch Empbyees beinp the amount stated in the Tsble of Limits of Lisbility spplicsble to this I~wrinq /1~rcement 2. Faithful Perfomnance Blanket Bond Coverage . ^ 3. Lou caused to the I~wred throuqh the failurc of any of the Employees, xtinp slone or in collusion with others, to perfonn faithfully his duties or to account prope~ly for sll monies and property ?eceiwed by vi~tue of his position or employment during the Bond Period to an amou~t not exceeding i~ tF+e aggrc9ate the amount shted in the Table of Umits of Liability applipble to this Inwrirg /lgreement 3. Faithful Performance Blanket Position Bond Coverage 4. loss taused to the Inwred throu~h the failure of any of the Employees, acting alwro ot in collusion with others, to pe~form faithfully his duties w to xcount properly for~ all monies and property received by virtue of his position or employment durinp the Bond Period, the smax~t of indemnity on each of wch Empbyees being the amount sbted in the Table of Limits of Liability applicable to this Insuring /lyrcement 4. GENERAL AGREEMENT Loss Under Prior Bond If the coverage of an Inwring Agroement of this Bond is wbstituted for any prior bond carried by the Inwred or by any pred- ttessor in interest of the Inwred whith prior bond is terminated, wnteled or allowed to .expire as of the time of wth wbstitution, fhe Surety agrces that wch Inwring A9reemer?t applies to loss wstai~ed by, or caused to, the Inwred, as the case may be, prar to or durirg the Bond Pe~od, provided that such lou is discovered after the begiru~ing of the Bond Period and prior to the expintion of three years from the cancelation of this Bad as an entircty and that such !ou would have been recoverable by the Insurcd o? wch predetessor under wth prior bond except for the fxt that the time within which to brinp wit, xtio~ or proceediny of any kind thereunder had expircd, and provided further. (1) the indemnity afforded by this General /lgreement shall be a part of and not in addition to the amount of coverage afforded by the spplicable Inwriny /lgreement of this Bo~d; and (2) suth loss would have bee~ tovered under suth Inwrirg Ayrtement had wch Inwring /lflreement with its agreements, con- ditions and limitations as of the time of uxh wbstitution been in force when the acts w defaults causinfl wch loss werc comrr~itted: and (3) recovery-~x~der suctr Iruuring Agreement on account of wch loss shall in no evenT exceed the amount which would have been recoverable under wch Inwriny Ayreement i~ the amou~t for which it is written as of the time of wth wbstitutio~, had wcFi~lnsuring /~greement been in force when wch xts w defaults were committed, w the amount which would have been recoverable under wch prior bond had sutfi prior band tontinued in force until the discovery of such lou if the latter amount be smaller. ~ . THE FOREGOING INSURING AGREEMENTS AND GENERAL AGREEMENT ARE SUBJECT TO THE FOLLOWING CONDITIONS AND LIMITATIONS: DEFINITIONS for other losses under the spplicable Inwring /lgreement, Section 1. The following terms, as used in this Ba~d, shall whenever sustained; provided, however, that the Surety's total E have the respective meanings stated in this SeCtion' liability under each such Inwrirg /lgreement for any loss pused ••Employee" as used in Inwring Agreements 1 a~d 2 bY any Employee or in which wch Employee is tonterned or means a person whik in the employ of the ~nsured during ~^"P~~~ated is limited to the appliCaWe amount of indentnity the ~3ond Period who is not required by law to give bond ,~~~fied in the Table of Limih of Liability. conditioned for the faithful performante of his duties and Iniiemnifiption by the Surety for any lou under Inwrinp who is a member of the staff or personnel of the Insured Aflreement 2 or 4 shall not red~xe the Surety`s liability for but does not mean any Treawrer or Tax Collector by what- other losses under the applicable Insurin9 A9reement, whm- ever tiNe known. ever sustaine~; provided, however, the Surety's tobl lisbility "Employee" as used in Inwring Agreements 3 and 4 under esch s~xh Insuring /19rcement as to each Employee is mea~ a penon while in the employ of the Insured during ~~mited to the applitable a~nount of indemnity specified in the the Bond Period who is not required by law to fumish Table of Limits of Liability. an Individwl Bond to qw~ify for office and who is a member Regardleu of the number of years this Bor~d shall continue of the staff or personnel of the Inwred but does not mean in force and the number of premiums which shall be payable any Treawrer or Tax Collecfor by wfiatever title known. or paid, the limit of the Surety's liability as specified in ihe UNIDENTIFI/?BLE EMPLOYEE Table of Limits of Liability shall not be cumulative from yesr to year or period to period. Section 2. In case a loss is atleyed to have been caused to the Inwred th~ouph xts or defaults by an Emptoyce tov- LIMIT OF UABIUTY UNDER THIS BOND e~ed w~der an applicable Inwrin~ Aflreement of this Bond, while wth I~urirg Apreement is in full fo?ce snd effett snd /?ND /?NY PRIOR BOND the Inwred shall be unable to desi~nate the specific Employee $ettion 5_ ~th respect to loss under Inwrirq /lpreement causing wch loss, the I~wred shall nevertheless have the 1 w 3 caused by my Employee or in which such Emplqee is benefit of wch Inwrirg /~?flreement provided that the eviderxe ~on~erned or implitated or which is char~eable to wch Em- wbmitted reasonably establishes that the losx wu in fxt ployee as prwided in Settion 2 of this Bond and with respett pused by such Emplayee thragh such acts or defaults and to loss under Inwrinp Aflreement 2 or 4 wused by smr Em- provided, further, that reyardless of the number of such Em- ployee or which is char9eabte to wch Emplayee as provided in Playecs concerned or implicated in uxh lou, the apgrtyate $ection 2 of this Bond and with respect to loss under sny iisbility of the Surety fw any wch loss shall not exceed tFte Inwring Agreement whith otcua partly durinp the Bond Period amount stated in Item 4 of tlx Declaratiw~s appliwble to such and partly durirg the period of other bonds is.sued by the Surcty Inwrinp /?yreement. _ to the Inwred w to any predecessor in interest of the Inwred EXCLUSION and terminated or tanceled or allowed to expire and in which the Section 3. This Ba~d does not cover sny bss wstained by, Period specified therei~ fw brinyinp wit, action or proceedin~ or ca~ned to, the Inwred under cirtumstances whereby and to of any kind, or if no such period is specified therein, thm within ! the amount which the Obligee or the Inwred wlunhrily under- the period prescribed by the applitable statute of limitations, hss takes or is obliflsted by law to exonente or indemnify sny of ^~t exp6red at the time wth loss thereunder is discovered, the Employees a9ainst liability incurred by them in the perfomn- ~ total liability of the Surery ur+der this Bond snd under wch ance of their duties. uther bonds shall not exceed, in the ag~re9ate, the amount carried under the spplicable I~surin~ /lyreement of this 8ond • LIMITS OF LI/161LITY on such loss or the amount svsilable to the Inwred under such Section 4. Indem~ification by the Surety for any loss under other bonds, as limited by the temu snd conditions thereof, ~ Insurirq /1~reement 1 or 3 shsll not reduce the Surety's lisbility for any such lou if the latter amount be larper. . . ~ ~ . ~ ~ ~ - ~ • " ~ ~'r ~ _ - - ~~sL=-:- ~