PROJ00449

• Contract/PO #: C153503
• Contractor Name: Cucharas Sanitation and Water District
• Water District: 0
• County: Las Animas
• Bill Number: XB 99-999
• Loan Projects - Doc Type: Contract Documents

The Surety, in considerati. the payment of the pre~ium, and act to the Declarations made
a part hereofl the General Agreement} Conditions and Limitations and o. terms of this Bond, agrees,
in accordance with such of the Insuring Agreements hereof as are specifically designated by the insertion
of an amount of indemnity in the Table of limits of Liability, to indemnify the Obligee for the use and
benefit of the Insured for:

INSURING AGREEMENTS
Honesty Blanket Bond Coverage

1. Loss sustained by the Insured through any fraudulent or dishonest act or acts committed by any of the Employees, acting
alone or in collusion with others, during the Bond Period, to an amount not exceeding in the aggregate the amount stated in the
Table of Limits of Liability applicable to this Insuring Agreement 1.

Honesty Blanket Position Bond. Cove rag'"

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2. Loss sustained by the Insured through any fraudulent or dishcmest act or acts commi'tted' oy ahy of the Employees acting
alone or in collusion with others, during the Bond Period, the amount of indemnity on each of such Employees being the amount
stated in the Table of Limits of Liability applicable to this Insuring Agreement 2,

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'Faitnful P.erformance Blanket Bond Coverage

3. Loss caused to the Insured through the failure of any of the t:mployees, acting alone or in collusion with others, to perform
faithfully his duties or to account properly for all monies and property received by virtue of his position or employment during
the Bond Period to an amount not exceeding in the aggregate the amount stated in the Table of Limits of Liability applicable
to this Insuring Agreement 3.

Faithful Performance Blanket Position Bond Coverage

4. Loss caused to the Insured through the failure of any of the Employees, acting alone or in collusion with others, to perform
faithfully his duties or to account properly for all monies and property received by virtue of his position or employment during
the Bond Period, the amount of indemnity on each of such Employees being the amount stated in the Table of Limits of Liability
applicable to this Insuring Agreement 4, .

GENERAL AGREEMENT
Loss Under Prior Bond

If the coverage of an Insuring Agreement of this Bond is substituted for any prior bond carried by the Insured or by any pred-
ecessor in interest of the Insured which prior bond is terminated, tanceled or allowed to expire as of the tIme of such substitution,
the Surety agrees that such Insuring Agreement applies to loss sustained by, or caused to, the Insured, as the case may be, prior to
or during the Bond Period, provided that such loss is discovered after the beginning of the Bond Period and prior to the expiration
of three years from the cancelation of this Bond as an entirety and that such loss would have been recoverable by the Insured or
such predecessor under such prior bond except for the fact that the time within which to bring suit, action or proceeding of any kind
thereunder had expired, and provided further: ,- .
(1) the indemnity afforded by this General Agreement shall be ~ parr of and not in addition to the amount of coverage afforded
by the applicable Insuring Agreement of this Bond; and
(2) such loss would have been covered under such Insuring Agreement had such Insuring Agreement with its agreements, con-
ditions and limitations as of the time of such substitution been in force when the acts or defaults causing such loss were
committed; and

recovery under such Insuring Agreement on account of such loss shall in no event exceed the amount which would have
been recoverable under such Insuring Agreement in the an,ount for which it is written as of the time of such substitution,
had such Insuring Agreement been in force when such act:; or defaults were committed, or the amount which would have
been recoverable under such prior bond had such prior bOnd continued in force until the discovery of such loss if the latter
amount be smaller.

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THE FOREGOING INSURING AGREEMENTS AND, GENERAL AGREEMENT ARE SUBJECT
, TO THE FOLL'OWIt,.jG CONDiTIONS AND LIMITATIONS:

DEFINITIONS

Section 1, The following terms, as used in this Bond, shall
have the respective meanings stated in this.Section:
"Employee" as used 'in' Insuring Agreements 1 and 2
means a person while in the employ of the Insured during
the Bond Period who is not required by law to give bond
conditioned for the faithful performance of his duties and
who is a member of the staff or personnel of the Insured
but does not mean any Treasurer or Tax Collector by what~
ever title known.
"Employee" as used in Insuring Agreements 3 and 4
means a per3Qn while in the employ of the Insured during
the Bond Period who is not required by law to furnish
an Individual Bond to qualify for office and who is a member
of the staff or personnel of the Insured but does not mean
any Treasurer or Tax Collector by whatever title known.

UNIDENTIFIABLE EMPLOYEE

Section 2. In case a loss is alleged to have been caused
to the Insured through acts or defaults by an Employee cov-
~red under an applicable Insuring Agreement of this Bond,
while such Insuring Agreement is in full force and effect and
the Insured shall be unable to designate the specific Employee

causing such loss, the Insured shall nevertheless have the
benefit of such Insuring Agreement provided that the evidence
submitted reasonably establishes that the loss was in fact
.;.cilused by,"such .Employee through such'.acti. or defaults and
provided, further, that regardless of the number of such Em-
ployees concerned or implicated in such loss, the aggregate
liability of the Surety for any such loss shall not exceed the
amount stated in Item 4 of the Declarations applicable to such
Insuring Agreement.

EXCLUSION

Section 3. This Bond does not cover any loss sustained by,
or caused to, the Insured under circumstances whereby and to
the amount which the Obligee or the Insured voluntarily under-
takes or is obligated by law to exonerate or indemnify any of
the Employees against liability incurred by them in the perform-
ance of their duties.

LIMITS OF LIABILITY

Section 4. Indemnification by the Surety for any loss under
Insuring Agreement 1 or 3 shall not reduce the Surety's liability
for other losses under the applicable Insuring Agreement,
whenever sustained; provided, however, that the Surety's total
liability under each such Insuring Agreement for any loss caused