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Home My WebLink AboutEastern Shores, Sec. 3 EASTEf{NSHOM~, SEC. 3 "SUBD,;y:eS:eON BOND "Rele~sed 9/10/66 Fidelity and Deposit Company HOME OFFICE OF MARYLAND BALTIMOI/,E 3 Bond No. 56 77 234 KNOW ALL MEN BY THESE PBESENTS I '!'hat We, H.J .5. LAND and DEVELOPMENT COBP., and J .K.S. LAND and DiVELOPMERT COBP., herelnafter called the Prlnclpal, and FIDELITY AND DEPOSIT COMPANY OF K!BYLAND, a corporatlon organlzed and exlstlng under the law. of the State of Maryland wlth an offlce and usual place ot buslness at 140 Wl11lam Street, Ne. York, Ne. York, herelnafter called the Surety, are held and fll'11ly bound unto the TOWN BOARD OF i'HE TOWN OF SOUTHOLD, LONG ISLAND, NEW YOiK, herelnafter called the Obl1gee, in the sum at TWELVE THOUSAND AND NO/IOO (tl2,OOO.OO) DOT.T.AllS, lawful money of the United States, for the payment whereat to the Obligee the Prlncipal binds itselt, its heirs, exeoutors, admlnistrators, successors and asslgns, and the Surety binds itself, lts succes.ors and assigns, JOintly and severally, tlrmly by these presents. SIGNED, SEALED AND DATED THIS 13th Day of August, 1965. . /'iA~Ah"'G $M~ WHEREAS, at a regular meeting at the SOU'l'HOLD 'l'OWN j-.- I held on July 13, 1965, the Board voted to adopt a resolution e:antlng final approval to the proposed subdlvision known as Eastern Shores-Seotion 3- and; WRBREAS, said approval was given subject to the executlon and posting of a Performance Bond by the Principal in the amount of TWELVE THOUSAND AND NO/IOO ($12,000.00) DOLLARS guaranteeing the oompletion of oertaln publlo improve.ents, to be oompleted which consists of grading, drainage, surfacing of roads and lnstallatlon at water mains. NOW, THEBEPOBE, the conditlon of this obligation is such that lf the Principal shall, wlthln the perlod of one (1) year frail date of thls bond, well and truly complete the lnstallation of the publlc 1.provellents herelnabove descrlbed ln accordance wlth the specltlcations as requlred by the PLANNING BOARD OF THE TOWN OF SOUTHOLD, LONG ISLAND, NEW YOiK, then th1B obHgatlon to be null and vold; otherwlse to reaaln ln full force and etfect. Sealed and Dellvered . ~ _L / ... ~ .~ /, ~ND~~St~i~ANY~ K!BtD BYIK.'V:/KC ,~~, A~~~IIi~FACT - . . -- <;;t121-30M. 3.64 165863 , Fidelity and Deposit Company HOME OFFICE OF MARYLAND BALTIMORE >1203 COVN:::~~_~;~:~;Q:~~:..__.._..._} ss: On the..mm_n...___..___J.J~_I1____mm..m_mm___day of_________n_nAy.g\U~j;_..._______m...n___...n_n___19___65.., before me personally came..___________~..~___y._._m~_~_G;r.aJ;_~__mn...._.m_.....__..____________.._____._, to me known, who being by me duly sworn, did depose and say, that he resides at.9_*.9._n~~_~~!1I!1_...~_~;r~~_~_'.m!l:~,,__.:!_q:r.~____9._t~1...___mm..... in the County of.....______Ne.nJ~.or.k_mmm..m..m..m...____m___' State Of..__...n._.__J{.~:!._X2_~~_m_m...__.mm...__m......., that he is Attorney-in-Fact of the Fidelity and Deposit Company of Maryland, the corporation described in and which executed the within instrument; that he knows the corporate seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation, and that he signed his name thereto by like order; and that'the Fidelity and Deposit Company of Maryland is duly authorized to transact business in the State of New York in pursuance of the statutes in such case made and provided; that the Superintendent of Insurance of the State of New York has, pursuant to Chapter 28 of the Consolidated Laws of the State of New York, known as the Insurance Law, issued to the Fidelity and Deposit Company of Maryland a Certificate of Solvency and of qualification to become surety or guarantor on all bonds, undertakings, recognizances, guaranties and other obligations required or ~:'~;;;E~s~;~:~!;:::UCh certificatZ~::~:__n~~~____~ Qualified in Queeus County Notary Public C rtificate filed in Maw Y.,k County C ission ,xpires March 30. 1966 At a reg&f~ meetmg of the Executive Committee of the Board of Directors of the Fidelity and Deposit Company of Maryland, held in its office in the City of Baltimore, State of Maryland, on the 4th day of March, 1965, the following Resolution was unanimously adopted: "RESOLVED, That J. M. Henderson, Edward J. Gorman, James M. Grant, Allan Major Race, John L. Brissel, P. C. Symonds, D. R. Buonomo, C. C. Lewis, Jerome W. Green, M. V. McGrath, James A. Lang, JamesJ. D'Amico, C. F. Messinger, A. A. Cella, M. S. Lennon, Joseph E. Dacunto, Alfred C.Handschuh, and James H. Martindale of the City of New York, State of New York, be, and each of them is hereby appoint- ed Attorney-in-Fact of this Company in the State of New York, and authorized, and empowered, acting alone, to execute and deliver and attach the seal of the Company to any and all bonds or undertakings for or on be- half of this Company and any and all reinsurance agreements covering bonds or undertakings, also to perform any and all acts for or on behalf of this Company in its business of guaranteeing the fidelity of persons holding places of public or private trust and the performance of contracts other than insurance policies, and executing and guaranteeing bonds, consents to orders and waivers of citation in proceedings in which this Company is a party, or other undertakings required or permitted in all actions or proceedings or by law required, and to attach thereto the seal of the Company. "And Be It Further Resolved, That the above named Attorneys-in-Fact are, and each of them is, further authorized and empowered to certify under the seal of this Company to this Resolution within the limits hereinbefore specifically prescribed for each. "This Resolution revokes that of July 5, 1962, in behalf of J. M. Henderson, Edward J. Gorman, James M. Grant, Allan Major Race, John L. Brissel, P. C. Symonds, D. R. Buonomo, C. C. Lewis, Jerome W. Green, M. V. McGrath, James A. Lang, James J. D'Amico, C. F. Messinger, A. A. Cella, M. S. Lennon, Joseph E. Dacunto, and Alfred C. Handschuh." I, J. J. MOORE, Assistant Secretary of the Fidelity and Deposit Company of Maryland, have compared the foregoing Resolution with the original thereof, as recorded in the Minute Book of said Company and do hereby certify that the same is a true and correct transcript therefrom, and of the whole of said original Resolution, and that the authority granted to the individuals specified'~!1 said Resolution of March 4, 1965, is in full force and unrevoked as of this date. " Given under my hand and the seal of the Company, at the City of New YOTk, this....._~~.:~m........m.._ August 65 day oL.m..mmm_nn..__nm.__.....n__n.........__....19.m__.___ cI/~~ NY2171b-2M,6-65 170192 STATE OF4..~......t.~..!."....~~..... } SS' :~i~~:~~'.t1~f:;;:;==~~_~-=~ with whom I am personally acquainted, who, being by me duly sworn, did depose and say: That he resides a~:l.,-t.,..i?..f1...Jl:r..tR..<r..~"~7fI!-~q.r.....A:...ft....that he is the....r1!}y..."=_S..._............................... of them_-:;('d:..!..:.....l:...~..""-...~mm..~.J~..4'...':>....ec...L~..':r.~..,,-,,-..:?L..C~.:~..r.:::..__...................__....._....... the corporation described in and which executed the foregoing instrument; that he knows the corporate seal of said corporation: that the seal thereto affixed is such corporate seal; that it was so affixed by order of the Board of Directors, and that he signed his name thereto by like order. LEFFERTS NOTARY PUBLICPAINE EOSON No. ~2-.I07768S ~tote of New York -ComrnJ.ion J::~_. Suffolk Count -"'''es March 30 y , J967 I>- I i ~ , B I NY230S-3M, 4-65 169666 ", , Nota", PubU& C01l,.ry i' SmE OF...&_':'!._____t~n"-___'.~_____} COUNTY OF..:!.'.':>._~--~-~_""'_____n...n_ 55: appe~r~t~:~:~_.~:::.~_d:::::.S:_~~:f::_:~:~::t~::::::~::::::::::~::::::::::::::~::::::~::::::~~:::~=-:f::.~._=:._=::..::: with whom I am personally acquainted, who, being ~ me duly sworn, did depose and say: That he resides at4t-Q'~.---&--?.<P.7---...---a_!..~-~I'-_T_I_),!_t__that he i. the.n~_!l.~._~__.____....___n__....._n..._._... ~~::~;-~;;~~~~;~ij,~:-i;;-~h.;hi;-.~;;;;~;:iEf:~~~~:;-~~~;:;;';;;~~h':t-::-2;;;~~~;;l;~~;;';i-~f-;id-;;;;;;;;;';:ti;;-~; that the seal thereto affixed is such corporate seal; that it was so affixed by order of the Board of Directors, and that he signed his name thereto by like order. ~ NE EDSON - rL:d'~g{.___~n__!2!-._. _. LEFFERTS .PAI '7'~ Notary Public -.._-....._- NOTARY PUBLIC, State of New York . Count, No. $.,/..1077685 ~ Suffolk County " NY230S-3M,4-65 169666 ~Qrt'lllllUion Expires March 30,1961 , - L1458-30M. 2.65 168811 FIDELITY AND DEPOSIT COMPANY OF MARYLAND Finaneial Statement DECEMBER 31, 1964 (I) ASSETS 'Bonds and Stocks. ...... . . . . . . . . . .. . . . . .. . . . . . .. . . . .. . . . . .. . . . . ... . .. Real Estate.... ..................................................... Cash in Banks and Offices.............. ............................... Premiums in Course of Collection (less than 90 days old). . . . . . . . . . . . . . . . . Reinsurance and Other Accounts Receivable............................ TOTAL ADMITTED ASSETS..... . . . .. . . . . .. . . . . .. . . . . . . . . . . .. . . . . . . . LIABILITIES, SURPLUS AND OTHER FUNDS Reserve for Unearned Premiums. . . . . .................. ...... ......... Reserve for Claims and Claim Expenses............ .................... Reserve for Taxes and Expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Miscellaneous Reserves and Other Liabilities. ........................... TOTAL LIABILITIES. . . . . . . .. . . . . . . . . . . .. . . . . .. . . . .. . . . . .. . . . . . . . . Capital Stock, Paid Up. . .. .. .. .. . .. . .. . .. . .. . .. . .. . . ... $5,000,000.00 Surplus. . . . .. . . . . .. . . . . .. . . . . . . . . . . .. . . . . .. . . . . . . . . . .. 69,607,091.82 Surplus as Regards Policyholders. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TOTAL............................... ........................... $ 94,825,404.71 3,722,386.56 5,684,390.50 3,837,171.29 982,534.03 $109,051,887.09 $ 22,981,863.05 7,409,120.00 2,109,300.00 1,944,512.22 34,444,795.27 74,607,091.82 $109,051,887.09 Securities carried at $930,674.85 in the above statement are deposited as required by law. 'Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of December 31, 1964 market quotations for all bonds and stocks owned, this Company's total admitted assets would be $108,619,510.67 and surplus $69,174,715.40. I, HARRY Y. WRIGHT, Treasurer of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company, on the 31st day of December, 1964, according to the best of my information, knowledge and belief. _..._..............................!!..'!:.~~1......!..:...~~!.~.~.~........... Treasurer STATE OF MARYLAND } CITY OF BALTIMORE SS: Subscribed and sworn to, before me, a Notary Public of the State of l14aryland in the City of Baltimore, this 25th day of January, 1965. " IN_I Seal Elenor K. Mitchell N olary Public