|
|
11,616
|
|
1
|
bond to secure the honesty or to secure the funds that
|
|
2
|
one must administer, I should think it ought to go out.
|
|
3
|
THE PRESIDENT: Delegate Rybczynski, would it be
|
|
4
|
fair to say, in the light of your previous explanation,
|
|
5
|
that the committee intends the words "appropriate bond" to
|
|
6
|
mean a fidelity bond?
|
|
7
|
DELEGATE RYBCZYNSKI: No, it goes even further
|
|
8
|
than that. There are some officials, such as a sheriff,
|
|
9
|
who is subject to performing his duties accurately. For
|
|
10
|
instance, if he is given an attachment and fails to attach
|
|
11
|
properly or on time he is subject to suit, and you wouldn't
|
|
12
|
want to put a person in a position such as that where he
|
|
13
|
could do millions of dollars worth of damage a year and
|
|
14
|
have nothing to back him up.
|
|
15
|
THE PRESIDENT: You are quite right.
|
|
16
|
Delegate Koger.
|
|
17
|
DELEGATE KOGER: Ladies and gentlemen, I am
|
|
18
|
very sorry, but I don't exactly agree with Delegate White,
|
|
19
|
and I want to give you just a little background on it.
|
|
20
|
Most public officials carry bonds in all the states.
|
|
21
|
I carry a bond as an insurance broker, and I an sure Mr,
|