the Surety, make good and reimburse to the Obligee to the extent of the sum of.... ($............... .) Dollars and no further, all and any pecuniary loss sustained by the Obligee, of money, securities or other personal property in the possession of the Principal, or for the possession of which he is responsible, by any act of dishonesty on the part of said Principal in the discharge of the duties of his office or position as set forth in said statement referred to, amounting to larceny or embezzlement, and which shall have been committed during the continuance of this Bond, or any renewal thereof, and discovered during said continuance, or within six months thereafter, or within six months from the death or dismissal, or retirement of the Principal from the service of the said Obligee, within the period of this Bond, whichever of these events shall first happen. Sealed with Our Seals and dated this...... 191.. day of...... Provided always, that said Surety shall not be liable, by virtue of this Bond, for any mere error of judgment, or injudicious exercise of discretion on the part of said Principal, in and about all, or any matters wherein he shall have been vested with discretion, either by instruction, or rules and regulations of the said Obligee. And it is expressly understood and agreed that the said Surety shall in no way be held liable hereunder to make good any loss that may accrue to the said Obligee by reason of any act, or thing done, or left undone, by said Principal, in obedience to, or in pursuance of any direction, instruction, or authorization conveyed to and received by him from said Obligee, or its duly authorized officer in its behalf; and it is expressly understood and agreed that the said Surety shall in no way be held liable hereunder, to make good any loss by robbery, or otherwise, that the said Obligee may sustain, except by direct act, or connivance of the said Principal. The Following Provisions also are to be observed and binding as a part of this Bond: The Surety shall be notified in writing addressed to the President of the Company, at its office, in the City of Baltimore, State of Maryland, of any act of omission, or of commission on the part of the Principal, which may involve a loss for which the Surety is responsible hereunder, immediately after the occurrence of such act shall come to the knowledge of the Obligee. That any claim made in respect to this Bond, shall be in writing addressed to the President of the Company, as aforesaid, immediately after the discovery of any loss for which the Surety is responsible hereunder, and within six months after the expiration, or cancellation of this Bond as aforesaid. And upon the making of such claim, this Bond shall wholly cease and determine as regards any liability for any act, or omission of the Principal, committed subsequent to the making of such claim, and it shall be surrendered to the Surety on payment of such claim. If the Obligee shall at any time hold concurrently with this Bond, any other Bond, or guarantee of security from, or on behalf of the Principal, the Obligee shall be entitled in the event of loss by default of the Principal, to claim hereunder only such proportion of the loss as the amount covered by this Bond bears to the whole amount of security carried, whether valid or not. If the Surety shall so elect, this Bond may be canceled at any time, by giving one month's notice to the Obligee, and refunding the premium paid, less a pro rata part thereof, for the time said Bond shall have been in force, remaining liable for all, or any default covered by this Bond, which may have been committed by the said Principal, up to the date of such determination, and discovered and notified to the Surety, within the limit of the time hereinbefore provided for, said refund to be returned to the Surety should claim be filed within such limit of time; otherwise upon execution of this Bond, or any continuation of it, the premium paid therefor shall be deemed to have been earned for the term thereof. That should the Principal become guilty of an offence covered by this Bond, the Obligee will immediately on being requested by the Surety to do so, lay information before a proper officer covering the facts and verify the same as required to by law, and furnish the Surety every aid and assistance, not pecuniary, capable of being rendered by the Obligee, his or its agents and servants, which will aid in bringing the Principal promptly to justice, and such action when required of the Obligee shall be a condition precedent to recovery under this Bond. The Surety shall not be liable under this Bond for the amount of any balance that may be found due the Obligee from the Principal, and which may have accrued prior to the date hereof, and which may be discovered within the period hereof, nor shall it be liable, if at any time during the continuance of this Bond or any renewal thereof, the duties and responsibilities of the Principal shall be increased and enlarged or the Principal shall without notice to the Surety and its written consent thereto obtained, be required or permitted to assume or discharge either temporarily or otherwise, the duties of any other office or position than that set forth and described in said statement, it being the true intent and meaning of this Bond that the Surety shall be responsible only as aforesaid, for moneys, securities, or property diverted from the Obligee through dishonesty, amounting to larceny or embezzlement as aforesaid, on the part of the Principal within the period specified in this Bond, while in the discharge of the duties of the office or position to which he has been elected or appointed. This Bond will become void as to any claim for which the Surety is responsible hereunder to the Obligee, if the Obligee shall fail to notify the Surety of the occurrence of such act immediately after it shall have come to the knowledge of the Obligee. And, if without previous notice to and consent of the Surety thereto, the Obligee has intrusted or shall intrust the Principal with moneys, securities, or personal property, after having discovered any act of dishonesty, or condones any act for which the Surety may be liable hereunder, or makes any settlement with the Principal for any loss hereunder, this Bond shall be null and void, and any wilful misstatement or suppression of facts in any claim made hereunder renders this Bond void from the beginning. No Suit or Action of any kind against the Surety for the recovery of any claim upon, under, or by virtue of this Bond, shall be sustainable in any Court of Law, or Equity, unless such suit or action shall be commenced, and the process served on the Surety within the term of twelve months (365 days) next, after the presentation of such claim, and in case any suit or action shall be commenced against the Surety after the expiration of the said period of twelve months, the lapse of time shall be deemed as conclusive evidence against the validity of the claim thereby so attempted to be enforced. If the Obligee's written statement hereinbefore referred to, shall be found in any respect untrue, this Bond shall be void. The Surety upon the execution of this Bond, shall not thereafter be responsible to the Obligee, under any Bond previously issued to the Obligee on behalf of said Principal, and upon the issuance of any Bond subsequent hereto upon said Principal in favor of said Obligee, all responsibility hereunder shall cease and determine, it being mutually understood that it is the intention of this provision that but one (the last) Bond shall be in force at one time, unless otherwise stipulated between the Obligee and the Surety. This Bond is issued on the express understanding that the Principal has not, within the knowledge of the Obligee, at any former period been a defaulter, and will be invalid and of no effect unless signed by the Principal. If the Obligee be a corporation, the acts or knowledge of the President, Treasurer, Secretary, Cashier, or any officer or director of the corporation shall be the acts or knowledge of the Obligee capable of giving rise to a claim under this Bond. No one of the above conditions, or the provisions contained in this Bond, shall be deemed to have been waived by or on behalf of said Surety, unless the waiver be clearly expressed in writing, over the signature of its President and Secretary, and its seal thereto affixed. And the Said Principal doth hereby for himself, his heirs, executors and administrators, covenant and agree to and with the said Surety, that he will save, defend and keep harmless the said Surety, from and against all loss and damage of whatever nature or kind, and from all legal and other costs and expenses, direct or incidental, which the said Surety shall, or may, at any time sustain, or be put to (whether before or after any legal proceedings by, or against, it to recover under this Bond, and without notice to him thereof), or for, or by reason, or in consequence of the said Surety having entered into the present Bond. In Witness Whereof the said Principal hath hereunto set his hand and seal, and the said Surety has caused this Bond to be sealed with its corporate seal, attested by the signature of its Attorney-in-Fact, the day and year first above written. Signed, sealed and delivered by the said Principal in the presence of Principal. By. Attorney-in-Fact FIDELITY BOND COVERING SEVERAL EMPLOYEES Schedule Bond No......... Whereas,.. hereinafter called "The Obligee," is employing, or intends to employ, certain persons in the capacity of.. which persons are hereinafter called “The Principals," and has filed with THE UNITED STATES FIDELITY AND GUARANTY COMPANY, hereinafter called "The Surety," a schedule specifying the amounts of security required from each Principal, and the capacity in which each is employed, and has applied to the Surety for the grant of this Bond; and, Whereas, The Surety, in consideration of the sum of....... .($... .) Dollars, ..190, now paid as a premium from.. at 12 o'clock noon, has agreed upon the terms, provisions and conditions herein contained to issue this Bond to the Obligee; and, Whereas, The Obligee has heretofore delivered to the Surety a statement in writing containing certain representations and promises relative to the duties and accounts of the Principals and other matters, it is hereby understood and agreed that those representations and such promises, and any subsequent representations or promises of the Obligee, hereafter required by or lodged with the Surety, are warranted by the Obligee to be true, and shall constitute part of the basis and consideration of the contract hereinafter expressed. Now, Therefore, This Bond Witnesseth, That for the consideration of the premises the Surety shall, during the term above mentioned, or any subsequent renewal of such term, and subject to the conditions and provisions herein contained, at the expiration of three months next, after proof satisfactory to the company, as hereinafter mentioned, make good and reimburse to the said Obligee such pecuniary loss as may be sustained by the Obligee by reason of the dishonesty of any or either of the Principals named upon said Schedule, or added thereto, as hereinafter provided in connection with his duties, as specified on said Schedule, amounting to embezzlement or larceny, and which shall have been committed during the continuance of said term, or of any renewal thereof and discovered during said continuance, or within three months thereafter, or within three months from the death, or dismissal, or retirement of such Principal from the service of the Obligee, within the period of this Bond, whichever of these events |