DEEN, Presiding Judge.
As of January 1, 1983, the appellee, Macon-Bibb County Economic Opportunity Council, was insured against losses sustained through fraudulent or dishonest acts committed by certain employees under two fidelity bonds issued by the appellant, United States Fidelity & Guaranty Company. Sometime between 1983 and 1985, the appellee's executive director allegedly misappropriated $25,557.12. In May 1985, at the instigation of the governor's office...
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