HomeMy WebLinkAboutGreenfields
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REPUBLIC INSURANCE COMPANY
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129 FULTON STREET
NEW YORK. NEW YORI< 1003G
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KNOW ALL MEN BY THESE PRESENTS, That We, LINDA GORWITZ AND
JUDITY BARNETT of 145 Argon Avenue, Coral Gables, Florida as Principals
ana LOUIS HODOR, ROGER GORWITZ, AND NATHAN WEINSTEIN, as co-principals
and the REPUBLIC INSURANCE COMPANY, a Texas corporation authorized to do
business in the State of New York, Having anioffice and place of business
at 129 Fulton street. New York. New York, as surety are held and firmly
bound unto the TOWN OF SOUTHOLD, SUFFOLK COUNTY, NEW YORK AS OBLIGEE
in the sum of ONE HUNDRED THOUSAND AND 00/100 ($100,000.00) DOLLARS
lawful money of the united States for the payment whereof to the Obli']ee
the ?principals , and the Surety bind themselves, their heirs, executors
administrators, successors and assigns jointly and severally firmly by
these presents
./"
SIGNED, SEALED AND DAmED THIS 22nd day of May 1975
WHEREAS, the above named Principal has agreed to comply with the
terms, regu1ations, and conditions of the Town of Southold, in connection
with the completion of roads and other improvements in Greenfields at Southold
situated in the Town of Southold, Suffolk County New York and in connection
therewith the Obligee desires this bond be given/
WHEREAS, the CO-Principals have a beneficial interest in said project,
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if
the principals shall in connection with the installation of roads and
improvements in ~reenfields at Southold, within one 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 satisfaction
of the Town of Southold, fuen this obligation to be void; otherwise to remain
in full force and effect"
CO-PRINCIPALS
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Louis Hodor
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~rwitz
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than Weinstein
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~ITH BAR TT,PR!NCIPAL
BOND #914800
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ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
} 55:
COUNTY OF
On this
day of
19
, before me per-
to me known and known to me to
sana lIy appeared
be one of the fi rm of
described in and who executed the foregoing instrument ond he thereupon acknowledged to me that he
executed the same as and far the act and deed of said firm.
CORPORATE
STATE OF
}SS:
COUNTY OF
day of
19
, before me per-
On this
sona lIy appeared
first duly sworn, did depose and say that he resides in
to me known, who, being by me
; that
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 sa 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
STATE OF Florida
}SS:
COUNTY OF 1)l.de
On this 2nd day 01 June 19 75 before me p
LouiLs.nodador, R9ger uorw:p;z, na1;lan weJ.nsteJ.n, , er-
sanally appeared J.n GorwJ. 1:2; & JUdJ. th Barnett , to me known and known to me to
be the individualalescribed in and who executed the foregoing instrument and they
to me that they executed the same.
acknowledged
tlllTARV PUBUC SlATE Of fLOR11lA .t lAl\l\t
NY COMMISSIOll WIRES JANUARY 9, 197~
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FORM E_23
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REPUBLIC INSURANCE COMPANY
Eastern Department: 129 FULTON STREET, NEW YORK, N.Y, 10038
FINANCIAL STATEMENT DECEMBER 31, 1974
ASSETS
1974
LIABILITIES, RESERVES AND CAPITAL FUNDS
Cash.................................. ........ ...
1,888.575
Bonds. at mortized cost (Schedule 1):
United States Government. . . . . . . . . . . . . . . . . . . . . . . . .
Other bonds .....................................
Commercial notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13,991,507
56,508,735
600.000
71,100,242
Investments in stocks other than stocks of
affiliates (Schedule 11)::
Preferred stocks. at market. ......................
Common stocks, at market. . . . . . . . . . . . . . . . . . . . . . .
Savings and loan association shares,
atoost...................................... .
Totalstocks .. ... ..... ....., ... .... .... ...:
8.656,78\
19.602,310
329.000
28,588,091
Investments in stocks of affiliates at under-
lying book value (Schedule II)....."..,.,
36,129,757
39,488,079
9,806,550
Agents' balances and reinsurance balances - net. . , . . . . .
Premium notes. less unearned interest ,................
Re~1 estate, at cost less accumulated depreciation
of576.172 ........ .HH H H" H.... HH HH HH
1,471.969
4,700.219
Other assets.......................................
Receivable from affiliates . ............... ..... .... .._
30.399
193,203,881
Liabilities:
Reserve for losses. . . . . . . . . . . . . . . . . . . . . . . . . _. . . . ..
Reserve for loss adjustment expenses........
Unearned premium reserve (Schedule VII) . . .
Taxes, other than Federal income taxes. . . . .
Dividends payable to shareholders. . . . . . . . .
Other liabilities '............ ....
Payable to affiliates. . . . . . . . . . . . . . . . . . . . . .
Federal income tax .. . . . . . . . . . . . . . . . . . . . .
32,056,711
3,846.435
114,303.187
708,300
10,000
5,077 ,258
139.882
-0-
Statutory reserves:
Excess of statutory reserves over loss and
loss expense re!;erves. . . . . . . . . . . . . . . . . . . . . . . . . . .
Reinsurance in companies not licensed
in Texas .......... ........ ...........,.......
Total liabilities. .......... ........ '.., ........
295,593
4
156,437,370
Capital shares and surplus:
Capital shares:
Preferred stock. Sloo pal' value per share.
Authorized 200.000 shares. issued
150.000 shares..................:...........
Common stock, SS par value per share.
Authorized 200.000 shares. Issued
Authorized 2.(0).000 shares. issued
1.000.000 shares. ............................
Paid-in surplus. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Excess (deficiency) of market v;tlue of
stocks over cost. other than stocks
of affiliates ......................'..........
Ex.cess of underlying book value of slo..:ks
of affiliates over cost. . . . . . . . . . . . . . . . . . . . . .. . .
Total capital shares and surplus. . . . . . . . . . . . . .
\2.000,000
5,000,000
6,000,518
16,476,002
<7,830,368>
5.\20.359
36.766.511
193,203,881
Note: AU 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.
"K BE IT REMEMBERED, that at;il regular meeting of the Board of Directon of Repu1?lic Insurance Company. duly called and held at the office of
the Company In the City of Dallas.-r"exas. on the 28th day or-February. 1967, a quorum being present. the following By.Laws was duly adopted to
become effective February 28. 1967:
ARTICLE X1- APPOINTMENT OF A TTORNEYS.IN.FACT
Appointment of Attorney-in-Fact. The President, or any executive Vice President. may from time to time. appoint by written certificates
attorneys-in-fact to act in behalf of the Company in the execution of policies of insurance. bonds. undertakings. and other obligatory instruments of
like nature. Such attorney-in-fact. subject to tbe limitations set forth in their respective certiticates of authority shall have full power to bind the
Company by their signature and execution of any such instruments and 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 I?ower and authority..greviously given to any attorney-in.fact.
STATE OF NEW YORK
COUNTY OF NEW YORK
} ss.
George J. McGovern , being duly sworn. deposes and says: lam Attorney-in-Fact
of the Republic Insurance Company. I have compared the foregoing 8y.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 transcrip,t therefrom and .of the whole Article Xl. of said original 8y.Law arid that
the same is now in full force and effect. Pursuant to said By-Law. George 1. McGovern. Thomas J. Keenan. J~mes N. Heiskell, Ralph L. Price, and
Marlin F. Perry were duly appointed Attorneys.in-Fact of this Company without limitation as to amount of bond executed and that said appointment
is now in effect.
The above is a true statement of.theassets and liabilities of'said Company at the close of business December 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 of Insurance of the State of New York has. pursuant to Section 327 ofthe New York (nsurance Law (Chapter 882 of the Laws of
1939 of the State of New York. constituting Chapter 28 of the Consolidated Laws of the St of New 'Y as amen d) ISSUed to the Republic
Insurance Company his certificate that said Company is qualified to become and be accep s surety t gu antor 0 al bonds. undertakings and
other obligations or guarantees. as provided in the Insurance Law of the State of New Vt r allla s a endator f and supplementary
thereto: and that such certificate has not been revoked.
day of
Thomas J Keenan
Massapequa park, New York
and say that he resides in that he is an attor
Company, the corporation described in, and which executed, the foregoing instrument; that he kno
that the seal affixed to the foregoing instrument is such corporate seal; that it was affixed thereto by:
corporation and that he signed his namc thereto, as attorney.in-fact, by like order and authority.
day 0
Mav
COUNTY OF NEW YORK
On this
22nd
to me known. who being. by me duly sworn. did depose
AS.'0915-751
, 19..1Z...
PATRICIA A, JAMES
Nolar/Publio,SI.!.ofNewYork
No.24-2928260
Qualified in Kings County
Commission expirfC'~ March 30,197 7
Ma.y . 19~. before me personally
Notary Public
PATf\!::;iA A. J.t\i','] 3
Nottli"'jPut.I(r:;,State ofNew'{ork
No.24-2928260
QuaUfied in Kings County
Commission expires Morch30,1917