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Officials responsible for the safe-keeping of public funds and property have long been placed in the unenviable position of crystal gazers; they no only have to decide who might cause a loss but also how large such a loss might be. Consequently, the bonding of public employees has not always been properly inclusive or sufficient.
A bond is an instrument given by a public official to protect persons and agencies who might suffer loss because of the wrongful acts of the official. The North Carolina General Assembly has recently developed the blanket bond for county public employees for such acts.