Title
NEW ITEM: Mecklenburg County Register of Deed's Bond
Action:
ACTION:
Acknowledge receipt of and approve continuation certificate for the initial $50,000 bond filed in 2016 for a new period beginning December 2, 2024 for Mecklenburg County Register of Deeds Fredrick Smith as required by G.S. 161-4(a).
Staff Contact: Kristine M. Smith, Clerk to the Board
Presentation: No
BACKGROUND/JUSTIFICATION:
N.C.G.S. Article 1. Register of Deed’s Bond § 161-4(a). Bond required.
The Register of Deeds shall give bond with sufficient surety, to be approved by the board of county commissioners, in a sum of not less than ten thousand dollars ($10,000) nor more than fifty thousand dollars ($50,000), payable to the State and conditioned for the safekeeping of the books and records, and for the faithful discharge of the duties of his office.
The bond and surety required under subsection (a) shall further be conditioned for the safekeeping of the books and records and of the faithful discharge of the duties of office of the register of deeds by any incumbent assistant and deputy register of deeds appointed prior to the vacancy pursuant to G.S. 161-6 and holding over after vacancy in the office of register of deeds for the interim, as provided in G.S. 161-5(b).
The board of county commissioners in every county shall take and approve the official bond of the register of deeds, which they shall cause to be registered and the original deposited with the clerk of superior court for safekeeping. The bond shall be taken on the first Monday of December next after the election.
The initial $50,000 Bond for Mecklenburg County Register of Deeds, Fredrick Smith was approved in 2016. The attached continuation certificate extends coverage for another term.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A