I am working on a 17' daysailer (Islands 17). We took it for a sail yesterday and water came in around the pivot bolt for the centerboard. I do have access to the bolt. 
What is the proper [best] way to seal up a centerboard bolt to eliminate most, if not all, of water leaking into the boat?
	
		
			
		
		
	
								What is the proper [best] way to seal up a centerboard bolt to eliminate most, if not all, of water leaking into the boat?
 
				
		 
 
		 
 
		 
				 
				 
				