HomeMy WebLinkAboutCorey Creek Estates
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"COREY CREEK ESTATES" - SUBDIVISION BOND -Released
2/27/73
EUGENE R. FRANCOLlNI
ATTORNEY AT LAW
PONQUOGUE AVENUE
P. O. DRAWER "F"
HAMPTON BAYS, NEW YORK 11946
RA 8-1403
AREA CODE 5 t e
July 6, 1967
Town of Southold
Office of Building Inspector
Town Clerk's Office
Southold, New York
Att: Mr. Howard Terry,
Building Inspector
RE: Performance Bond of International
Fidelity Insurance Co. No. 7389
Dear Mr. Terry:
Pursuant to your letter of June 29, 1967 to the
South Fork Development Corp., relative to the above
mentioned performance bond, I am returning herewith said
bond, indicating that a contract was entered into with
the South Fork Development Corp., and have also indicated
on said bond that the roads and other improvements will be
built to the Southold Town specifications.
In the event you should require any additional
information, please do not hesitate to contact me.
Very truly yours,
ERF:ap
Enc.
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NIlWA"K. NI:W JI:"aIlY 07.01
AmO\l~~: $18,000.00
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KNOW ALL M!::N BY TEESE P?E3!::NTS:
That we, the undersigned,
S:~::"-!I F'JRY: Dr:'/ELOPMENT CORP~, Argonne Road, Hampton BaY$, New York
at> frJ.~1pal,
and INTERNATIOllAL FIDSLITY INSURANCE COMPANY, of Newark, New Jersey, a
corporation organized and existing under and by virtue of the laws of
the State of New Jersey, and duly authorized to transact business in the
State of New Jersey, with a New York office at 89-64 163rd Street,
Jamaica, New York,as Surety, are held and firmly bound unto
TOWN OF ,SOUTHOLD, SOUTHOLD, NEW YORK
in the penal sum of
EF;'-TEEn;'i(J'lSAND AND W100 ($18 ,00'1.00)-----------------------------u uDollars,
for payment of which well and truly to be made, we hereby jointly and
severally bind ourselves, our heirs, executors, administrators
succssors and assigns.
S:!~~~D and sealed this 22nd day of June A.D. Nineteen hundred and
sixtv-SPVi?'l.
:,;E CONDITION OF THE ABOVE OBLIGATION IS SUCH IlIAT, WHEREAS, the above
nC::1ed Principal did on the I ~ day of No if 19 (, l> enter into a written
--7 contract uith said SOUTH FORK DEVELOPMENT CORP.
fer construction of a road in subdivision Know as "Corey C>ce~?,,- L3ta"',es" 1::c:: (~rl
ir Souti,old, New York, "aid roads and other 1mprovement" to be built
to the 5Quthold Town spec1f1cations,
which said contract is mnde a part of this bond as though set forth
herein:
NOW, if the said
shall well and faithfully do and perform the things agreed by ~'l~m
to be done aDd performed according to the terms of the said contract,and
sh~ll pay all lawful claims of sub-contractors,materialmen,laborers,
persons, firms or other suppliers or teams, fuel, oila,implements or
machinery furnished, used or consumed in the carrying forward,performing
0:: cO::Jpleting of said contract, we agreeing and a83c'l::ing that this
undertaking shall be for the benefit of any sub-contractor, materiala.n,
laborer, person, firm, or corporation having a just claim,as well as for
L\':.~ \.:bl.1.gee herc1.oj then thi.,. 0\::.1 :lasf=:lon ~h~] 1. h.o voi": o~harw"_.p f"hf.lo
smne shall remain in full force and effect; it being expressly understood
ilnii agrEEd .:hat the l1abllit~ !)f the auret;. for any and all cld.Me
hcrcund~r shall in no event exceed the penal amount of this oblllatlon
n5 herein stated.
South Fork Development '::orp.
Jhn said surety hereby stipulates and agrees that no modifications,
o~ission. or additions in or to the terms of the said contract, or in or
to the plans or specifications therefor shall in allY \.ise affect the
obligation of said surety on its bond. .
,QJ~~H~~':~~~~~9,and celivercd ~ ,/.
Q:.~~:!!th~!~~i!~{lpe of: Principa1:~' ---A /~-..,..,~~.,'~ ~
;"^",~t~s.\r~ .. ..~ INTERNAT}{)NA{ FIDELITY IMSUllAN CE COMPANY
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Attest:_ II.L~-d k /{.'fi.-..-.~ By: '- / -<?~vl c 1'.,,--('.( \_.\
'~~,.d_\ -, W-""~l"'\h"'''''0 ifl G~6rqp Pal~r - Atto"''-',f''' ~n-"~(.-j
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INTERNATIONAL FIDELITY INSURANCE COMPANY
HOME OFFICE, II HILL STREET. NEWARK. NEW JEltSEY
STATE OF New York
55:
COUNTY OF
Nassau
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On this 22nd
day of .
.. J.\l.ne'J9.Q7....................................... ptt...llaUy calll~
.... to mo known and by mo known to be tho Attornfll.;n.fllcr of
George Palmer
INTERNATIONAL FIDELITY INSURANCE COMPANY, wbo being by mo first duly sworn, did drpo.. and say
that he midrs in Garden City . .Statr of New York . ...that he i. tho Attorney-
in-fact of INTERNATIONAL FIDELITY INSURANCE COMPANY, and know. the Corporato Seal thoreof; that the
said Company i. duly and l<lal1y incorporatrd nndor tho law. of the Stato of N~w Jrr.y and is duly licensed and
authoriud to transact bu.iness in tho State of ....New. J.ersey and in tho State of New York. and th.t
the liabiliti.. of said Company do not OXCtcd its asseta IS aserrtained in tho manner providrd by the Insurance
laws of tho State of New Jrrsey and tho IlIlurancr La ws of the State of New York; and that the attached
statrmrnt of tho Company's assru and Iiabilitiel signrd by the deponrnt il trllr and corrrct.
Hr furthrr depo... and saYI that he lignrd his name and allixtd thr Corporato SuI of tbe Company to
the annrxrd Bond on behalf of ..South .Fo...k...De.v.elopmenLCorp. undrr authoritr ~;Verl
and conferrrd upon !:ire b; , ....t.;" p"",,. of Attorney from thr said Company liln.d byMatthew
SilverlllllDthe Presidont of ..id Company IIl1d . George Pdmer..tho "sst.Stcrttary
o~ said Company pursuant to a Resolution duly adoptrd by thr Board of D.inctorl of said Company on the
21st day of February. 1911. a copy of which. certified by thr Secretary of tho Company. is attachod to saie
Power of Attornry. and which is as followlI. to wit:
"ReSOLVED, Th~t Inttrnational Fi~,"','1 In,urwnr, Compdn" do lad !!ntb, doc. authoriu Ind empOWtr it. President or
anyone member or it. Encutive Committtt Hv.raU., ill conjunction -with Itll StcrtUI'y. or Assiltlnt Sternarr. under ill
Corporate St.l to appoint Iny penon or ptrlOn. U InOlaty or attornty...l..fact, or Ileat or .pltta of ..id Compaa, in ltt
name .nd .. Iu ICt to n:,catC' .nd deliver .n., In. alt contract. luar.nt.-la. tIN IeIcHty of penon. holdinl politioll' of
public or private trust, and to f'(ecut. bond. or undrn.kinll of ulrrtythlp required or plrlftlthd in .11 ~ction. or proeud.
in,. or by law allowrd.
And b, it Fu,.t""" R"olv~d, ThH the Prtsidtftt or .ftT on. m,mber of ita EXIRtiv. Committe. "nrally in conjunction with
Ie. Secretary. or A"i.E.nt S"rrurr. .balt be .nd hereby .reauthorized and empowtnd to ..ke. IZf(utr .nd drlber on beh.lf
of tbe uid Company in in nlat' Ind aad,r it. Corporat, Seat an, PoWtrl of Attorne., that nuf Dr required to carry out
the parpoltt aad objrC't. of tbe fOf"olal rtlOlutioll,"
That the said Power of Attotlley Wa. dattd March 11, 1964 and wa. in full force and
elflCt at the time hr signod the .aid Bond. and is no w in full fotce Ind elflCt.
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Attorney-in-fact
Bond No. 7389
Subscribed. .worn to and acknowledpd. hefon
me 011 thl datr fint a~ writtclI.
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EUGENE R. FP.:r\NCOLlNI
ATTORNEY AT LAW
PONQUOGUE AVENUE
P. O. DRAWER "F"
HAMPTON BAYS. NEW YORK 1 1 ~46
RA 8-'403
AREA CODE 518
July 6, 1967
Town of Southold
Office of Build~ng Inspector
Tnw~ C]~rk's Of~ice
Southold, New York
Att: ~w. Howard Terry,
Building Inspector
RE: Performance Bond of International
Fidelity Ihsurance Co. No. 7389
Dear Mr. Terry:
Pursuant to your letter of June 29, 1967 to the
South Fork Development Corp., relative to the above
mentioned performance bond, I am returning herewith said
bond, indicating that a contract was entered into with
the South Fork Development Corp., and have also indicated
on said bond that the roads and other improvements will be
built to the Southold Town specifications.
In the event you should require any additional
information, please do not hesitate to contact me.
Very truly yours,
ERF:ap
Ene.
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INTERNA TIONAL FIDELITY INSURM"CE COMPANY
II HIU STREET, NEWARK. NEW JERSEY 07102
STATEMENT OF ASSETS, LlABIUTlES, SURPLUS AND OTHER FUNDS
AT DECEMBIiR 31, 1966
L,nr!. r~, -" .::..,'; values) .....................,...................................................... $131,423.25
Common stock (at market values) ................................................................ 82,012.50
Mortgage loans an real estate ........................................................................ 15,658.00
Ca,h and bank deposits ................................................................................ 304.611.63
Uncollected premiums (net as to items OVer (9O)ninety days due of $2,089.79) 21.838.71
Funds held by or deposited with ceding reinsurers ........................................ 25,000.00
Reinsurance recoverable on Ion payments .................................................... 32,123.20
Interest due o~d accrued .................................................................................. 2,122.45
J, ..tTS
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Total a_to ................ $614,789.76
losses ........ ........................................................................................................
loss adjustment expense. ................................................................................
Other expenses (eXcluding taxes, license. and fee.) ....................................
Taxes, licen.es and fees (excluding Federal Income taxes) ........................
Unearned premium. ......... .................................................................................
Fund. held by Company under rein.urance treatie. ....................................
Amounts Withheld or retained by Company for account of others ................
Unearned premiUms on reinsurance In unauthorized campanie. $3,902.62
Ie.. funds held or retained by Company for acc?unt of .uch
unauthari79d Cn'"p"n1e~ $~,~ 'Z.60 .... .........................................
L1A8IUTlES, SURPLUS AND OTHER fUNDS
29,894.25
10,642.35
1,000.00
5,000.00
75,379.14
53,632.60
5,915.26
2iO.02
Total Iiabilitie. ................ $181,733.62
Capital paic: up (common stock, authorized, i.sued and outstand.
ing 280,000 shares of the par value of $1.10 per .hare) .... $308,000.00
UnaSSigned funds (surplus) ............................................................ 125,056.14
Surplus as regard. pallcyholders .................................................................... $433,056.14
---
Total liabllltfe., ,urplu. and ather funda ................ $61"-789.76
I, Matthew Silverman, President of International Fidelity Inaurance Company, certifies that the foregoing is a fair
Statement of Assel1, Uabilitie., Surplus and other Funds of Ihi. Company at the clo.e of business December 31, 1966
a. reflected by jlJ book, and records and os reported in Ita filed annual statement for 1966 with 'he Inaurance Depart.
ment of the State of New Jersey.
f
IN TESTIMONY WHEREOF, I have let my hand and affixed the seal of the Company,
this 28th day of February, 19~
INTERNATIONAL FIDELITY INSult,t.NCr- C('\....D!.~"o
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PrealcIeM
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Attest,_._ i-'
Milrtlia Weinberg
rt
By:
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HOME OFFICE:: " HIL.I.. STREET
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NEWARK, NEW JE"-SEV 0"1'102
POWER OF A HORNEY
Bond #7389
KNOW ALL MEN BY THESE PRESENTS: that TNERNATlONAL FIDELITY INSlIRANC:~ GMF!\~r"
New Jersey Corporation, having its principal office in the SHy of Newar;" Couc'.,'
of Essex, and State of New Jersey, pursuant to the following resolutioc wi-ie' 'n,
arlopt~r to" the Directors .f sajd (:C'}rnpo' on M?rC0 ~) 19t5-1- and ':.'~.i cl '"
effcct to wit:
"BE IT RESOLVED, that either Matthew Silverman, President, or Georae PabC', .
Vice President, shall have power and authority to execute on behalf of :')T2R~;:.';c',,:'
FIDELITY INSURANCE COMPANY Powers of Attorney authorizing and qualifvir,(1 \',e Atlo~ne-
in-Fact named therein to execute on behalf of INTERNATIONAL FIDE,ITY ;~3C;RMJC~ ;'c."h").
bonds and undertakings, recognizances, 'contracts of indemnity, and othe-r \\Tjt~ ~:1~3
obligatory in the nature thereof, and further that either the aforesaid Matthe", 5i Iv",-
nan, President or.George Palmer, Vice President is hereby authorized to affix tie
Corporate seal of said Company to Power of Attorney executed pursuant h,'reto."
Has made, constituted and appointed and by these presents does mak,". cons,;;.'c!.\'
and appoi nt
C;i?ornl' Palmer
of
------...,
attorney-in-fact to make, execute and deliver for and on its to-
as its act and deed, provided a copy of this Dower oi ,tt,r,e"
bond identified as follows:
Gardpr Ci ty, r,;e:N Yr)r;:"
its tru~ and lawful
half as sLrety, and
is attached to such
Any and all forms and evidences of suretyship or co-suretys~ip on any and all
types of bonds or undertakings. Also, any and all forms and evidences 0' FiE c,;,;R:,"
or CO-SURETYSHIP on any and all types of bonds, or undertakings in sure'tlshlp. execu-
ted or oriq1 nated by a Surety other than INTERNATIONAL FIDELITY IlJSURA';:: '-(;.',WNJ".
And the
to be signed
. affixed this
execution of such bonds or undertakings
by its duly authorized officer, and its
22nd day of June
in pursuance of thase pr0ser~s
corporate seal to be hereunto
1967.
INTERNATIONAL FIDELITY INSURANCE COMP4NY
By ~A'#~- c~ft~-€__~___
Matthew Silverman, President
STATE OF NEW JERSEY
)
I SS
COUNTY OF ESSEX
On this 22nd day of Jun.? ,1967 before me the 9ubscri ber, a
Notary Public of the State of New Jersey duly commissioned and qualified, came
Matthevl S1 lverman to me personally known to be the individual and
officer described herein, and who executed the pr3ccding inatru~ant, and he acknow-
ledged the execution of the lame, and by me being dUly sworn, deposed and said that
hi> i" Pre~id'nt of INTERNATIONAL FIDELTTY INSURANCF COMPANY, that the seal off Xi>~
t" +IiA pr,,,,,-,,,.,inq {nqtT'umol;'nt 1", t.hp; r:orporate seal of laid Company. and the Is1d
corporate seal and his signature were duly affixed and subscribed to the said ir',,' C!..
ment by the authority granted him by the resolution of the Directors of laid Company.
referred to in the preceding instrument and now in force.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
at the City of Newark the day and year first above written.
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NOTARY PUBLIC
r}~A,JCi.; Lfnl:hJIOFF
N0fAP,Y PV~'UG or i.EN JEIlSEY
Mv Comm"',I:lI1 Exprrcs Sept. 17, 1970
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