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HomeMy WebLinkAboutRHR Realty Corp.i SENDEr: COMPLETE THIS SECTION · Complete items 1, 2, bnd 3. Also complete item 4 if Restricted Delivery is desired. · Print your name and address on the reverse so that we c~n return the card to you. · Attach this c~rd to the back of the mailpiece, or on the fror, t if space permits. 1. ArticieAddres$ ~d to: Ioz_ Article Number ~mnsfer from sewice label) DS Form 3811, August 2001 3. Service Type ~'~CertEled Mail r-I Exl~--,,~ Mall ~istered [] Return Receipt for Merchandise [] ~nsured Mail [] C.O.D. 4. Restricted Delivery? (E.x~a Fee) [] Yes Domestic Return Receipt 102595-02-M-1540 ~U:S. POstal S~-~i~e CERTIFIED MAIL RECEIPT (Domestic Mail Only; No Insurance Coverage Provided) I SENDER: (~ IN'PLJ TE THIS SECTION · Complete Items 1, 2, and 3, Also complete item 4 if Reetitcted Delivery is desired. · Print your name al~d address on the reverse so that we can return the card to you, · Attach thl~ card to the back of the mailplece, or on the front if space permits. 1. Article Addressed to: A. Skanature X [] Addressee 8. Received by ( Printed Na~e) G~ Date of De.livery D. IS delivery addresS different frorn item l'? [] Yes If YES, enter delivery address below: [] No 3. Service Type ~'~'Certifled Mall [] Express Mall ~rRegistered [] Return Receipt for Merchandise [] Insured Mail [] C.O.D. 4. Restricted Delivery? (Extra Fee) [] yes 2. Article Numbe~ PS Fo~ 3~, ~u~st 2001 ~ ~m~c R~m .~el¢ 1~Sa~2-M-,5~ '~NLIEH: COMPLETE THIS SECTION · Complete items 1, 2, and 3. Also complete item 4 if Restricted Delivery is desired. · Print your name and address on the reverse so that we can return the card to you. · Attach this card to the back of the mailpiece, or on the front if space permits, 1. Article Addressed to: PS Forr A. Signature [] Agent ~ ~/~ ~,~.~--/ []Addressee B. Received b~ ( Printed Ne. me) I C, Da~e of Deliv, e. ry /~D. Isdelivec/eddCes~diffem~flomiteml~ [] Yes If YES, enter delivery eddmss below: [] NO 3. Se~lce Type ~"'-Ce'tifled Mall [] Express Mall [~egistered [] Return Receipt for Merchandise [] Inaumcl Mail [] C.O.D. 4. Restricted Delivery? (Extra Fee) [] Yes G. sg5-02-M-1540 ELIZABETH A. NEVTLL~ TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net THIS IS TO CERTIFY THAT THE FOLLOWING RESOLUTION NO. 308 OF 2004 WAS ADOPTED AT THE REGULAR MEETING OF THE SOUTHOLD TOWN BOARD ON APRIL 6, 2004: WHEREAS, the Southold Planning Board by resolution dated July 25, 1988, conditionally approved the final plat entitled "RHR Realty Corp."; and WHEREAS, said resolution had imposed certain conditions one of which required the posting of a performance bond in the amount of $68,666.00 in connection with improvements to be completed in the subject subdivision; and WHEREAS, P_HR Realty Corp. through Robert C. Rapp had posted International Fidelity Insurance Company Bond No. 000834334-89 in the amount of $68,666.00 dated June 2, 1989; and WHEREAS, the Town Board of the Town of Southold accepted the performance bond of RHR Realty Corp. and Robert C. Rapp in a resolution dated August 29, 1989; and WHEREAS, RHR Realty Corp. and Robert C. Rapp have failed and neglected to perform the required site improvements at the "RHR Realty Corp." subdivision; and WHEREAS, RHR Realty Corp. and Robert C. Rapp are in default concerning said subdivision. now, therefore, be it hereby RESOLVED, that the Town Board of the Town of Southold hereby declares RHR Realty CorD. and Robert C. RaDD in default and calls uDon RHR Realty CorD. and Robert C. RaDD to Derform in all resDects, all road and drainage imDrovements in connection with the "RHR Realty CorD." subdivision or reimburse the Town for the costs and damages which the Town may sustain by reason of failure of default, and for any and all costs associated with corrective action the Town takes in the interest of protecting the health, safety, and wellbeing of the community and its residents; and be it further RESOLVED, that the Town Attorney is hereby directed to present the performance bond to International Fidelity Insurance Company for receipt of payment under the terms of said performance bond hereunder; and be it further RESOLVED, that the Town Clerk is hereby directed to forward a certified copy of this resolution to RHR Realty Corp. and Robert C. Rapp, Esq., 174 S. Collier Blvd., Marco Island, Florida 34145-4333; Alan D. Grecco, Esq., 131 Route 25A, Rocky Point, New York 11778; the Planning Board; International Fidelity Insurance Company and the Office of the Town Attorney. Elizabeth A. Neville Southold Town Clerk REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF n~IFOB. MATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 · Fax (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net OFFICE OF THE TOWN CT,F. RK TOWN OF SOUTHOLD April 13, 2004 International Fidelity Insurance Company One Newark Center Newark, NJ 07102 RE: Bond//000834334-89 Dear Sirs: The Southold Town Board at their regular meeting held on April 6, 2004, adopted the following resolution: #308 Declare RHR Realty Corp. and Robert C. Rapp in default and calls upon the RHR Realty Corp. and Robert C. Rapp to perform in all respects, all road and drainage improvements in connection with the RHR Realty Corp. subdivision· A certified copy of this resolution is attached. This resolution has also been sent to: RHR Realty Corp. and Robert C. Rapp, Esq., 174 S. Collier Blvd., Marco Island, Florida 34145-4333; Alan D. Grecco, Esq., 131 Route 25A, Rocky Point, New York 11778; the Planning Board and the Office of the Town Attorney. Should you have any questions, please do not hesitate to contact the Southold Town Attomey's Office. Thank you. Very truly yours, Elizabeth A. Neville Southold Town Clerk Enc. ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southoldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF $OUTHOLD Aprill3,2004 Robert C. Rapp, Esq. RI-IR Realty Corp. 174 S. Collier Blvd. Marco Island, Florida 34145-4333 Dear Mr. Rapp: The Southold Town Board at their regular meeting held on April 6, 2004 adopted the following resolution: #308 Declare RHR Realty Corp. and Robert C. Rapp in default and calls upon RHR Realty Corp. and Robert C. Rapp to perform in all respects, all road and drainage improvements in connection with the RHR Realty Corp. subdivision. A certified copy of this resolution is attached. This resolution has also been sent to Alan D. Grecco, Esq., 131 Route 25A, Rocky Point, New York 11778; the Planning Board; International Fidelity Insurance Company and the Office of the Town Attorney. Should you have any questions, please do not hesitate to contact the Southold Town Attorney's office. Thank you. Very truly yo~s.,v..~ Elizabeth A. Neville ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southaldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD Apfil13,2004 Alan D. Grecco, Esq. 131 Route 25A Rocky Point, New York 11778 Dear Mr. Grecco: The Southold Town Board at their regular meeting held on April 6, 2004 adopted the following resolution: #308 Declare RHR Realty Corp. and Robert C. Rapp in default and calls upon RHR Realty Corp. and Robert C. Rapp to perform in all respects, all road and drainage improvements in connection with the RHR Realty Corp. subdivision. A certified copy of this resolution is attached. This resolution has also been sent to Robert C. Rapp, Esq., RHR Realty Corp., 174 S. Collier Blvd., Marco Island, Florida 34145-4333; the Planning Board; International Fidelity Insurance Company and the Office of the Town Attorney. Should you have any questions, please do not hesitate to contact the Southold Town Attorney's office. Thank you. Very truly yop,[s,v~ Elizabeth A. Neville Southold Town Clerk Enclosure (1) cc: Town Attorney ELIZABETH A. NEVtt.t.r TOWN Ct ,~,RK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southaldtown.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD April 13, 2004 Ms. Patricia Finnegan Southold Town Attorney Po Box 1179 Southold, NY 11971 Dear Ms. Finnegan: The Southold Town Board at their regular meeting held on April 6, 2004 adopted the following resolution: #308 Declare RHR Realty Corp. and Robert C. Rapp in default and calls upon RHR Realty Corp. and Robert C. Rapp to perform in all respects, all road and drainage improvements in connection with the RHR Realty Corp. subdivision. A certified copy of this resolution is attached. This resolution has also been sent to Robert C. Rapp, Esq., RHR Realty Corp., 174 S. Collier Blvd., Marco Island, Florida 34145-4333; Alan D. Grecco, Esq., 131 Route 25A, Rocky Point, New York 11778; International Fidelity Insurance Company and the Office of the Town Attorney. Should you have any questions, please do not hesitate to contact the Southold Town Attorney's office. Thank you. Very truly yours, ·Neville Southold Town Clerk Enclosure (1) cc: Town Attorney ELIZABETH A. NEVILLE TOWN CLERK REGISTRAR OF VITAL STATISTICS MARRIAGE OFFICER RECORDS MANAGEMENT OFFICER FREEDOM OF INFORMATION OFFICER Town Hall, 53095 Main Road P.O. Box 1179 Southold, New York 11971 Fax (631) 765-6145 Telephone (631) 765-1800 southoldt own.northfork.net OFFICE OF THE TOWN CLERK TOWN OF SOUTHOLD April 13, 2004 Ms. Jerri Woodhouse Southold Town Planning Board Po Box 1179 Southold, NY 11971 Dear Ms. Woodhouse: The Southold Town Board at their regular meeting held on April 6, 2004 adopted the following resolution: #308 Declare RHR Realty Corp. and Robert C. Rapp in default and calls upon RHR Realty Corp. and Robert C. Rapp to perform in all respects, all road and drainage improvements in connection with the RHR Realty Corp. subdivision, A certified copy of this resolution is attached. This resolution has also been sent to Robert C. Rapp, Esq., RHR Realty Corp., 174 S. Collier Blvd., Marco Island, Florida 34145-4333; Alan D. Grecco, Esq., 131 Route 25A, Rocky Point, New York 11778; International Fidelity Insurance Company and the Office of the Town Attorney. Should you have any questions, please do not hesitate to contact the Southold Town Attorney's office. Thank you. Elizabeth A. Neville Southold Town Clerk Enclosure (1) cc: Town Attorney Contact Us Page 1 of 1 I Contact Us Telephone (800) 333-4167 Postal address One Newark Center, Newark, NJ 07102 Electronic mail Generat Inform~_tio_o Webmaster Employment inquiries (973) 624-7200 Ext 248 [ Previous ] [ Main ] NOTICE: Please be advised that there is no relationship, affiliation or common ownership between International Fidelity Insurance Company and "International Fidelity F~ Surety Limited." Contact us at: IFIC with questions or comments or ca[I us at 1 (800) 333-4167. Copyri§ht © 1999 International Fidelity Insurance Company Last modified: December 30, 2000 http://www.ific.com/contactus.htm 4/13/2004 International Fidelity Insurance Company 24 COMMERCE STREET NEWARK, N. J. 07102 Amount: $ 68,666. PERFORMANCE BOND Bond No. 000834334-89 KNOW ALL MEN BY THESE PRESENTS THAT WE, ROBERT C. RAPP 112 Maple Place Port Jefferson, New York 11777 as Principal, and INTERNATIONAL FIDELITY INSURANCE COMPANY, A New Jersey corporation authorized to do business in the State of New Jersey with its main bonding office at 24 Commerce Street, Newark, New Jersey as Surety, are held and fh'mly bound unto the Town of Southold as Obfigee, in the full and just sum of Sixty Eight Thousand Six Hundred Sixty Six and 00/100 ......... DOLLARS ($ 68,666.00 ........ -)-lawful money of the United States, to the payment of which sum, well and truly to be made, the Principal and the Surety bind themselves, their successors and assigns, jointly and severally, firmly by these presents. SIGNED, SEALED AND DATED THIS 2nd day of June 19 89 WHEREAS, the Principal has entered into an agreement with the Town of Southold that the principal will construct, install and complete the improvements as Obligee, guarante(mg roads and improvements in the minor subdivision of RHR Realty Corp. at certain land known as," RHR Realty Corp." shall be maintained and completed on or before June 2, 1991 all of which improvements NOW, THEREFORE THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall carry out all the terms of said agreement and perform all the work as set forth therein, all within the time set forth in said agreement, then this obligation shall be null and void; otherwise to remain in full force and effect. INTF. RN&TIQNAL FIDELITY INSURANCE COMPANY ~ Suz~nn~o Iman At t~rn~y--] n-Fact glS2 1.5M FORM 171 SS. ROBERT C. RAPP to me known, and known to me to be the~~j~and who executed the foregoing instrument, and acknowledged tome that he executed State of County of day of On this .19 , before me personally came to me known and known to me to be a member of the firm of described in and who executed the foregoing instrument, and he thereupon acknowledged to me that he executed the same as and for the act and deed of said firm. Notary Public State of County of On this day of ,19 , , before me personally came , tO me know,l, who being by me duly sworn, did depose and say that he il the of the corporation da~cr!bed in and which executed the above instrument; that he knows the mai of said corporation; that the saaleffixed to said instrument is such corporate mai; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like ordai'. My commission expires _ Notary Public State of New York County of Nassau I $$. * 2nd June 89 On th~s day of 19__, before me personally came Suzanne Holman , __ . to me xnown, ~mo, he,rig by me duly sworn, did depose and say that he is an lttomey-in-fact of International Fidelity Insurance Company ~the executed the within instrument; that he knows the corporate seal of said COrporation; that the seal corporation described in and affixed to the within instrument is such corporate seal, and that he signed the saidinstrument indaffixed the said seal es Attorney-in-Fact by authority of the Board of Directors of smd corporation and by authority of this office under the Standing Resolutions thereof. LYNN BAUSS Notmy Publ~, Stme of NOW yo~ No. 4897274 Q>um~ commission ~omm. Expires Mey :}8, I L/ [ N~tary Public FOI~M # 13 TEE. (20;l 624-7200 POWER OF ATTORNEY INTERNATIONAL FIDELITY INSURANCE COMPANY IfOME OFFICE: 24 COMMERCE STREET NEWARK, NEW JERSEY 07102 BOND NO. 00083/4 33/4-89 KNOW ALI MEN BY THESE PRESENTS: That INTERNATIONAL FIDELITY INSUI,UXNCE COMPAN%', a corporation organized and existing under thc laws of the State of New lerscv, and having its principal office in the City of Newark, New Jersey. does hereby constitute and appoint PETER HENRY, RONALD J. GOLDBERG, LYNN MATTHEWS, SUZANNE HOLMAN PLAINVIEW, NEW YORK its true and lawlul attorney( s )-i n- facl to execute, seal and deliver for and on its behallas surety, any and all bonds and undertakings, contracts of indemnity and other writings obligatoi~, iii the nature Ihereof, which arc or may be allowed, required or permitted by law, statute, rule. regulation, contract or otherwise, and the execution of such instrumentls) in pursuance oflhese presents, shall be as binding upon the said INTERNATIONAL FIDELITY INSURANCE COMPANY. as fully and amply, lo all intents and purposes, as if Ihe same had been duly executed and acknowledged by ils regularly elected officers at its principal office. Fffis Power ol AItomey is executed, and may be certified to and may be revoked, pursuanl to and by authority of Article2, - Section 3. o£the By-Laws adopted by the Boald ol I)ilectors ol INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and heffi on ~he 23rd day of December. 1968. The Presklcnt or any Vice President. Executive Vice President, Secretary or Assistant Sccrelaly. shall have power and auffiorJtw II) To appon~t Altorneysdn-fact, and to authorize lhem to execute on behall of ffie Company. and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatot3' in the nature thereof and, (2} To renm~e, at uny lime. any such Attorneydn-lbct and revoke lhe authority given. Further. Ibis Powel ol Attorney is signed and sealed by facsimile pursuant to resolution offfie Board of Dircclors ol said Company adopted at a meeting duly called and hehl on Iht 4Ih day ol Februu~.,. 197*. of which the lbllowing is a true excerpt: Now thcrelbre Iht: signatures of such officers and the seal of lhe Company may be alfixed to any such power ol'attorne5 or any certificate relating ffiereto Dy lhcsimile and any such power ofaHorney or ccrtifican, bearing such l~dcsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so cxcculctl and cegfficd by facsimile signatures and facsimile seal ~hall be wdid a~ld binding upon Ibc Compar~y in the future wilh respect to any bond or undc~aking to which il is attached. IN IESTIMONY WHEREOF, INTERNATIONAL FIDELI~ INSU~NCE COMPANY has caused this instrument to INTE RNA~ONAL FIDELI~ INSU~NCE COM P~ STATE OF NEWJERSE5 ~ ~ County ol Essex ' ' '" President Dn this I sl day ol Mily 1986; belbre me came the individual who executed the preceding inslm menl. k~ me personally known, and, being by me duly sworn. said flint hc is the therein described und emlhorizcd officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY: thal the sea] affixed to said insl~ ument is thc Corporate Seal ol said Company; ffial thc said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. ~~. 1NTESFIMON,r wHEREOF, l have hereunto set my handandaffixedmyOfficialSeal, ~}~...'~IlffieCitS°fNewark'NewJerseythedayandvearlimtabOvewritten'~ ~~ ;~~1~--/---- A NOTARY PUBI_IC OF NEW JERSEY X=~e:O~~°~-'- My Commission Expires April 28, 1992 ~,m~tt CERTIFICATION 1, the undersigncd officer of INTERNATION~ FIDELITY IN SUR~CE COMPLY do hereby ceail~ that I have compared the foregoing copy of the Power ot Artorncv and affiduvit, and the copy of the Section of the By-Laws of said Company as set forth in said Power o fA~torney, with the ORIGINALS ON FI LE 1N TI tE HOME OFFICE OF SAID COMPANY. and that the same are correct transcripts thereo/;lnd ollhe whole offfie said originals, and that thc said Power of Atlornc} has not been revoked and is now in full fi>roe and efl~ct IN TESTIMONV WHEREOF, I have hereunto set my hand this 2n~ay of June 1989 INTERNATIONAL FIDELITY INSURANCE COMPANY - ~ " 24 COMMERCE ST., NEWARK, NEW JERSEY 07102 STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS AT DECEMBER 31, 1988 ASSETS 1988 Bonds IAmordzed Value) ..................................... $37,187~002 Prel~rred Stock ............................................. Common Stocks (Market Value) ............................... 1,071,342 Mortgage Loans on Real Estate ............................... 88,211 Real Estate ................................................ 60,620 Cash & Bank Deposits ....................................... 6.096,146 Short Term Investments ...................................... 1,868.972 Unpaid Premiums & Assumed Balances ........................ 1,300,138 Reinsurance Recoverable on Loss Payments ..................... 1,198,671 Federal lncome Tax Recoverable .............................. 235,000 Electronic Data Processing Equipment ......................... 208,044 Interest & Dividends Due and Accrued ......................... 986,157 Equity in Pools and Associations .............................. 186 Funds Held in Escrow Accounts .............................. 6,158.212 Collateral Funds Held Under Contract ......................... (6.158,212) Contract Balances Due and Unpaid ............................ 508,861 TOTAL ASSETS ................................. $51.809,350 LIABILITIES, SURPLUS & OTHF'R FUNDS Losses (Reported losses net as to reinsurance ceded and incurred but not reported losses) ............................ $17.930,319 Loss Adjustments Expenses ................................... 6,276,234 Contingent Commissions & Other Similar Charges ............... 153,582 Other Expenses {Excluding taxes, licenses and thcs} .............. 81,222 Taxes, Licenses & Fees {Excluding Federal Income Tax) .......... 463.776 Unearned Premiums ......................................... 14,807.880 Funds Held by Company Under Reinsurance Treaties ............ 122,998 Accounts Withheld by Company tbr Account of Others ........... 21~990 Liability for Unauthorized Reinsurance ......................... 224,724 Liability Ibr Uncashed Checks ................................ 57 TOTAL LIABILITIES ............................ $40,082,782 Common Capital Stock ...................................... 1.330,000 Prel~rred Capital Stock ...................................... 1.200,000 Gross Paid-in & Contributed Surplus .......................... 544,600 Unassigned Funds (Surplus) .................................. 8.651,968 Surplus as Regards Policyholders ................... 11~726,568 TOTAL LIABILITIES, SURPLUS & OTHER FUNDS $51~809,350 L PHILIP KONVITZ, President of INTERNATIONAL FIDELITY INSURANCE COMPANY. certify that thc lbregoing is a thir statement of Assets. Liabilities. Surplus and Other Funds of this Company, at thc close ol business, December 31~ 1988~ as reflected by its books and records and as reported in its statement on file with the Insurance Department of the State of New Jersey. Q 190~ ? ¥ IN TESTIMONY WHEREOF, I have set my hand and affixed the seal of thc Company. this February 28, 1989. INTERNATIONAL FIDELITY INSURANCE COMPANY President International Fidelity Insurance Company Amount: $ 68,666. PERFORMANCE BOND Bond No. 000834334-89 KNOW ALL MEN BY THESE PRESENTS THAT WE, ROBERT C. RAPP 112 Maple Place Port Jefferson, New York 11777 as Principal, and INTERNATIONAL FIDELITY INSURANCE COMPANY, A New Jersey corporation authorized to do business in the State of New Jersey with its main bonding office at 24 Commerce Street, Newark, New Jersey as Surety, are held and fh-mly bound unto the Town of $outhold as Obligee, in the full and just sum of Sixty Eight Thousand Six Hundred Sixty Six and 00/100 ........ DOLLARS ($ 68,666.00 ........ -)-lawful money of the United States, to the payment of wlfich sum, web and truly to be made, the Principal and the Surety bind themselves, their successors and assigns, jointly and severally, fnTnly by these presents. SIGNED, SEALED AND DATED THIS 2nd day of WHEREAS, the Principal has entered into an agreement with the Town of Southold that the principal will construct, install and complete the improvements June 19 89 ~ Obligee, guarante~mg roads and improvements in the minor subdivision of RHR Realty Corp. at certain land known as," RHR Realty Corp." shall be maintained and completed on or before June 2, 1991 aH of which improvements NOW, THEREFORE THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall carry out all the terms of said agreement and perform all the work as set forth therein, all within the time set forth in said agreement, then this obligation shall be null and void; otherwise to remain in full force and effect. AT~EST: ATTEST: ROBERT C. RAPP to me known ~ and known to me to be thel~.sl~r~l~and who executed 'the foregoing instrument, and acknowledged to me that he execute( · %_" ..... :; ................... : ................. ......... State of County of day of On this .19 , before me personally came to me known and known to m to be a member of the firm of ' described in and who executed the foregoing instrument, and he thereupon acknowledged to me that he executed the same as and for th act and deed of said firm. My commission expires Notary Public State of ) $$. County of On this day of ,19 ~ before me personally car~ ~ ~ , to me known who being by me duly sworn, did depose and say that he is the of the corporation deser!bed in and which executed the above instrument; that be knows the seal of said corporation; that the seal affixed said instr.ment is such corporate seal; that it was so affixed by order of the Board Of Directors of said corporation, and that he signed hi name thereto by like order. My commission expires ................................... - Notary Public State of New York County of Nassau ~ SS. On this 2nd day of 3une . 19 89 .. before me personally came Suzanne Holman to me known, who, being by me duly sworn, did depose and say that he is an attorney-in-fact of International Fidelity Insurance Company ~the corporation described in and which executed the within instrument; that he knows the COrporate sealof said corporatlon; that the sea affixed to the within instrument is such corporate seal, and that he signed the saidinstrument andaffixed the said seal as Attorney-in-Fact by authority of the Board of Directors of smd corporation and by authority of this office under the Standing Resolutions thereof. LYNN 8AUSS Notaw Public, State of New No. 4897274 MY commission .xpires Oualified in Nassau ~4)ur~ / Comm. Expires May 26,1L/ ~ Ndtary Public ~0RM # ~3 ~57~ ! 'f,: : INTERNATIONAL FIDELITY INSURANCE ( [ ~ ~OW ALI MEN BY THESE P~sE~s:~at I~ERNATIONAL FI under thc laws of the State of New Jersey, ~nd having iB p~ncipal office in the City of Newark, ~ew Je~ey, { ~nsti~ lh~Boardo'D recorsofI~E~ATIONALFIDE~INSU~CECOMP~ , ~ - , Counly of Essex Executive V cc Presklcnt ~'~ ~ 7 TESTiMON'F Wl IEREOF, 1 have hereunh' scl mY hand and affixed my Official Seal, ; 'h~.,.'~' ~X,~' 'he City °r Ne~a'k' New Jersey Ihe day and 'ca' firs' ab°ye wrilten'~ ' , ~ e~ 'k+'~O~/ My Comm ss on Expires April 28, 1992 INTERNATIONAL FIDELITY INSURANCE COMPANY 24 COMMERCE ST., NEWARK, NEW JERSEY 07102 STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS AT DECEMBER 31, 1988 ASSETS 1988 Bonds (Amortized Value) ..................................... $37. 187,002 Preferred Stock ............................................ 1.000.000 Common Stocks (Market Value) ............................... ' 1.071.342 Mortgage Loans on Real Estate ............................... 88.211 Real Estate ................................................ 60.620 Cash & Bank Deposits ....................................... 6.096.146 Short Term Investments ...................................... 1.868.972 Unpaid premiums & Assumed Balances ........................ 1.300.138 Reinsurance Recoverable on Loss Payments ..................... 1~198.671 Federal Income Tax Recoverable .............................. 235.000 Electronic Data Processing Equipment ......................... 208.044 Interest & Dividends Due and Accrued ......................... 986.157 Equity in Pools and Associations .............................. 186 Funds Held in Escrow Accounts .............................. 6.158.212 Collateral Funds Held Under Contract ......................... (6.158.212) Contract Balances Due and Unpaid ............................ 508.861 TOTAL ASSETS ................................. $51.809,350 LIABILITIES. SURPLUS & OTHER FUNDS Losses (Reported losses net as to reinsurance ceded and incurred but not reported losses) ............................ $17.930.319 Loss Adjustments Expenses ................................... 6,276.234 Contingent Commissions & Other Similar Charges ............... 153,582 Other Expenses (Excluding taxes, licenses and fees) .............. 81.222 Taxes. Licenses & Fees (Excluding Federal Income Tax} .......... 463,776 Unearned premiums ......................................... 14,807,880 Funds Held by Company Under Reinsurance Treaties ............ 122,998 Accounts Withheld by Company for Account of Others ........... 21.990 Liability for Unauthorized Reinsurance ......................... 224,724 Liability for Uncashed Checks ................................ 57 TOTAL LIABILITIES ............................ $40.082,782 Common Capital Stock ...................................... 1,330,000 Preferred Capital Stock ...................................... 1,200,000 Gross Paid-in & Contributed Surplus .......................... 544,600 Unassigned Funds (Surplus) .................................. 8,651,968 Surplus as Regards Policyholders ................... 11,726.568 TOTAL LIABILITIES. SURPLUS & OTHER FUNDS $51,809,350 I, PHILIP KONVITZ. President of INTERNATIONAL FIDELITY INSURANCE COMPANY, certify that the foregoing is a lhir statement of Assets, Liabilities. Surplus and Other Funds of this Company, at the close of business, December 3 l. 1988. as reflected by its books and records and as reported in its statement m~ file v, ith thc Insurance Department of the State of New Jersey. IN TESTIMONY WHEREOE I ha~e set my hand and affixed thc seal of the Company, this February 28, 1989. INTERNATIONAL FIDELITY INSURANCE COMPANY President