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J 1 F_j of the State of Blorida, and his ,successor in office were named as obligees, conditioned as follows s "Tho condition of the above obligation is such# that Whereas the above bounden, Gordon R• Olmstead, was on the 6th day of November# A. Di 19280 J b9106ted Tax Colleotor in and for said County of Indian P ver# to hold his office for the•term of four years from the First Tuesday after the first �bndeay in January, - A. p, 19290 and until his. successor is quay.- fled* and according to the Constitution and Laws of tb Stats of Florida► { "Now#, if the said Gordon R. Olmstead shell gender a correct and faithful account of: all moneys that may come into his possession or custody by virtue of his said office, and faithfully perform all the duties of his said office as proscribed by law#,, then this obligation to be void, other - wise to be and remain in full. farce and virtue„ "Provided# however . That the liability under this bond shall comr. mono's from January 1, 1930' end the surety hereunder shall in no event be held liable in respect to any act of the-16aid principal oommited Prior to the said date or for any shortage existing prior to the said dates or for funds or property used or applied towards such shortagew'* and NUERMOs the said bond of Columbia Casualty Company is Movies now of full force and effect and hes been in full force and effect since the date therein named; and M11=89 -the accounts of said Gordon R. Olmstead as tax collector of Indian River County, Florida, have,# from time to time# been audited by the representatives of the State Auditor of the State of Florida as required by law# and have been found to be correct and have shown that the said Gordon R. Olmstead has folly accounted for all moneys 0 mmi.ng into his hands as odoh tax collector and that he has faithfully performed all of the duties of said office, except that his audit was so made by Assistant State Auditors W. R. Hudspeth, ,dated January 3.1# 19328 which revealed a shortgage in the accounts of the said tan collector in the amount of $5#;986 07# and except that a further audit was made covering the.period of time from January 88 19320 and dated October* 138 1033s by J: Be Wethiagtout Assistant State Audltor#; which showed a further shortgage in the amount of .$JQ, 580,54, and In addition thereto, it is shown by said auditor that the said Gordon R. Olmstead#. as tax collector of Indian River County, Florida# on November 7# 1951# had on deposit to his credit as said tag e03.leotor#4 in the Farmers of Vero Seachip a duly authorized and accredited State Depository of public funds, the am of 027847#69#, and that with the approval 'of the Comptroller of the State of Florida„ and. by Resolution of the Board of County Commissioners of Indian River Cotntty$ Florida# the said deposit was frozen to the extent of 80% thereof; and WMWASO the said Gordon R. O mstead# as tax collector of Indian River Countyp Flo r- 14% had taken fram the said Farmers Sank of Vero Beach, and holds as security for said deposit certain collateral security as follows: r Real Estate, Vero Del Mar bonds, due Slily 10s 1931 #38#,39 and 40 . . . . . . 500;00 a X41^ i • . . . t . .. • . . . i . . 50000 #230 to 140 Inc . • . � . . 3.l# 000000 Indian. River Securities Co. Bonds, #8,e due lannery is . 1933 • , . . • . . . . . . . . . . . . . 18,000.00 390; due January 1, 1938 , . . . • . . * . • . . . . { 100.00