HomeMy WebLinkAboutSyloret Estates (Hochman)REPUBLIC INSURA~CE
BOND
KNOW ALL MEN BY TPESE PRESENTS, That We, LORRAINE HOCHMAN AND
JULIUS HOCHMAN of 9480 N.W. 19 Place, Sunrise, Florida as Principals and
the REPUBLIC INSURANCE COMPANY, a Texas corporation authorized to do
business in the State of New York, h~ving an office and place of business
at 129 Fulton Street, New York, New ork, as Surety are held and firmly bound
unto the TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK AS OBLIGEE in the sum
of TWENTY THOUSAND AND 00/100 ($20,000.00) DOLLARS lawful money of the
United States, for the payment whereof to the Obligee, the Principal and
Surety bind themselves, their heirs, executors, administrators, successors
and assigns jointly and severally firmly by these presents.
SIGNED, SEALED AND DATED THIS 24th day of February 1976.
WHEREAS, the above named Principals have agreed to comply with
the terms, regulations and conditions of the Town of Southold, in connection
with the completion of roads and other improvements in i~Syloret EstatesI'
situated in the Town of Southold, Suffolk County, New Y~rk and in connection
thereWith the Obligee desires this bond to be given;
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that
if the Rincipals shall, in connection with the installation of roads and
improvements in Syloret Estates, within one (1) year from the date hereof,
complete said improvements to be in accordance with the construction
specifications of the Town of Southold, all in conformance with the plot plan
approved by the Southold Town Planning Board and to the sstisfaction of the
Town of Southold, then this obligstion to be void; otherwise to remain in
full force and effect.,
BOND ~916263
BY:
LORRAINE HOCHMAN Principal
JUL~S HOCHMAN, Principa 1
Thomas
Attor n~7
~~MPANY
ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
COUNTY OF
On this
sonally appeared
be one of the firm of
day of
SS:
19 __ , before me per-
to me known and known to me to
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.
CORPORATE
STATE OF }SS:
COUNTY OF
On this day of
sonally appeared
19 __ , before me per*
to me known, who, being by me
; that
first duly sworn, did depose and say that he resides in
he is the of
the corporation described in and which executed the foregoing instrument; that he knows the corporate
seal of said corporation; that the corporate seal affixed to said instrument is such corporate seal; that it
was so affixed by order and authority of the Board of Directors of said corporation, and that he signed his
name thereto by like order and authority.
INDIVIDUAL
S TATEOE }
COUNTY oF ss:
On this C~ dayof ~~ · ~ 19~.~, before meper-
to me that ~ executed the s~me.
~[ARY PUBUC SLATE OF ~LORIDA AT ~
REPUBLIC INSURANCE COMPANY
Eastern Dep~rtment: 129 FULTON STREET, NEW YORK, N.Y. 10038
FINANCIAL STATEMENT DECEMBER 31, 1974
ASSETS 1974
Cash ............................................. 1,888,575
Bonds, at mortized cost (Schedule 1):
United St utes Government ....................... 13,901,507
Other bonds ..................................... 56,508,735
Commercial notes ............................... __600,000
Total Bonds ................................ 71,100,242
Investments in stocks other than stocks of
Investments in stocks of affiliates at under-
lying book value {Schedule Il) .................
Agents' balances and reinsurance balances --- net .....
Premium notes, less unearned interest ...............
Real estate, at cost less accumulated depreciation
ut 576.172 ................................
Other assets ................................
Receivable from affiliates ...........................
36A29.757
39.488.079
9.806.550
1,471,969
4.700.219
30,399
LIABILITIES, RESERVES AND CAPITAL FUNDS
Liabilities:
Reserve for losses .............................. 32,056.711
Reserve for loss adiustment expenses ............ 3,846.435
Unearned premium reserve (Schedule VII) ........... 114,303,187
Taxes. other than Federal income taxes ........... 7(18.300
Dividends payable to shareholders ............ 10,000
Other liabilities ......................... 5.077,258
Payable to affiliates ..................... 139,882
Federal income tax ........................ It--
Statutory reserves:
Excess of statutory reserves over loss and
loss expense reserves ..................... 295,593
Reinsurance in companies not licensed
in Texas ................................... 4
Capital shares and surplus:
Ca ital shares:
~eferred stock. $100 par value per share.
Authorized 200,000 shares, issued
1S0,000 shares ........................... 12,000,000
Common stock, $5 par value per share.
Authorized 200.000 shares, issued
Authorized 2.000.000 shares, issued
1,000.000 shares ......................... 5,000,000
Paid-in surplus ......................... 6,000,518
Retained earnings ............................ 16,476,002
Excess (deficiency) of market value of
stocks over cost. other than slocks
of affiliates ................................. <7,830,368~
of affiliates over cost ...................... 5,120,359
Total capital shares and surplus ............. _ 36,766,51 I
193~203~881 .
Note: All securities are carried in accordance with the requirements of the National Association of Insurance Commissioners as follows: eligible
bonds at amortized values; stocks of associated insurance companies at pro rata share of capital and surplus; all other securities at quotations
prescribed by the Association.
BE IT REMEMBERED. that at a regular meetinlg of the Board of Directors of Republic Insurance Company. duly called and held at the office of
he Company n the City of Dallas Texas on the 28th day of February 1%7. a quorum being present, the following By-Laws was duly adopted to
become el3bc0ve Febrnary 2h. 1967:
ARTICLE XI -- APPOINTMENT OF ATTORNEYS-IN-FACT
Appointment of Attorney-in-Fact. The President. or any executive Vice President. may b-om time to time. appoint by written certificates
attorneys-in-fact to scl in behalf of the Company in the execution of policies or'insurance, bonds, undertakings, and t~ther obligatory instruments of
like nature. Such attorney in-t~ct, subject to the limitations set ibrth in their respective certi0cates of authority shall have full power to bind the
Company by their signature and execution of any such instruments aqd to attach the seal of the Company thereto. The President. or any Executive
Vice President. or the Board of Directors. may at any time revoke all power and authoritvd2reviouslv given tn any attorney-in fact.
STATE OF NEW YORK
$S.
COUNTY OF NEW YORK
George J McGovern . being duly sworn, deposes and says: I am Attorney- in-Fact
of the Republic Insurance Company. I have compared the lbregoing By-Law with the original thereof, as recorded in the Minute Book of the said
Company. and do hereby certify that the same is a correct and true transcript therel¥om and of the whole Article XI. of said original By-Law add that
the same is now in full force and eft%ct. Pursuant to said By-Law. George J. McGovern. Thomas J. Keenan. ]ames N. [[ciskelL Ralph L. Price. and
Marlin F. Perry were dnly appointed Attorneys-in-Fact of this Company wit hour limitation as to amount of bond executed and that said appointment
is now in effect.
The above is a true statement of the assets and [iabdi0es of said Company at the cloxe of business Decembe~ 31.1974 taken from the books and
records of said Company and is prepared in accordance with the statements on file with the Insurance Department of the State of New York.
The Superintendent o!' Insurance or' the State of Ne'&' York has. pursuant to Section 327 of the New York Ins rance Law (Chapter 882 of the Laws of
1939 of the State of New York. constituting Chapter 28 oi the Consolidated Laws of the St. ate of Ne~ as amended) issued to the Republic
Insurance Company his certi0cate that said Company is qualified to become and be~..~dU~ ar~l~awOsg~mrealnt~d~ebreOonfd~.n~aCc e as suret rant n all bonds, undertakings and
other obligations or guarantees, as provided in the Insurance Lag' of the State of New . d all men thereof and supplementary
Sworn to is.24~h ebruat~a~d°fb 19 7
STATE OF Nt~'W YORK ///
On this 24th day of February . 19 76 before me personally
Thomos J. Keenan tomeknown, whobelngbymedt0yswortl, dlddepose
and say that he resides in Ma ssapequa Park, New York that he is an attorn].I.~r,~-in-fact of the~~Republic Ins ncc
that the seal affixed to thc Ioregoing instrument is such corporate seal: that ~t was affixed thereto by ~J~e~/; of the Boa~~aid
Company, the corporal.in dcxcribed in, and which executed, the foregoine instrument; that he know' corporate seal of r ation;
corporation and t hat he signed his name thereto, as attorney-in-fact, hy like order and authority. ~~ ~_.&/~_.~..~
· REPUBLIC INSURANCE COMPANY
RIDER
TO BE ATTACHED TO AND FORH A PART OF
BOND NO. 916263 in which
LORRAINE HOCH~N AND JULIUS HOCHMAN
is the principal, and REPUBLIC
INSURANCE C(~PANY is the surety,
and
TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK
is the obligee, which bond is in the
sum of TWENTY THOUSAND AND 00/100
($ 20,000.00 ) DOLLARS AND
dated February 24,1976
IT IS HEREBY UNDERSTOOD AND AGREED THAT:
"The name of sylvia Weiss" be added to this bond
as Principal.
under all of the terms and conditions as are set forth in said bond.
SIGNED, SEALED AND DATED the 16th day of Msrch 19 76 .
J-u-LI ~ HOCHMAN %
BY:
SYLVIa' WEIS S
LORRAINE HOCHMAN
Thomas
Attorney-
~NS LrRANC~0MPANY
in-Fact
RS 113
ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
COUNTY OF
On this
sonally appeared
be one of the firm of
day of
SS:
~' 19 __ , before me per-
to me known and known to me to
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.
CORPORATE
STATE OF }SS:
COUNTY OF
On this day of
sonally appeared
19 __ , before me per-
to me known, who, being by me
; that
first duly sworn, did depose and say that he resides in
he is the of
the corporation described in and which executed the foregoing instrument; that he knows the corporate
seal of said corporation; that the corporate seal affixed to said instrument is such corporate seal; that it
was so affixed by order and authority of the Board of Directors of said corporation, and that he signed his
name thereto by like order and authority.
STATE OF /~/
INDIVIDUAI~
COUNTY OF ./~J~(.;~u~.~ ~ ,).-SS:
On this -~ ~ day of ~ ~ ~ ~
sonally appeared ~ ~/~1'~ ~ ~]~
be the individual described in and who executed the foregoing instrument and
to me that ~ ~ ~ ~ executed the same.
19 ~ , before me per-
, to me known and known to me to
~-/-/~ ~ acknowledged