HomeMy WebLinkAboutRichmond Shores (2)
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Southold, N.Y. 11971
(516) 765-1938
August 25, 1987
Mrs. Judith .T. Terry
Town Clerk
Town Hall
Southold, NY 11971
Re: Richmond Shores at Peconic
Updated Bond Estimate
Dear Mrs. Terry:
As per the Planning Board's conditional resolution
of June 1, 1987, at the August 10, 1987 the Planning Board
resolved to recommend to the Town Board that the updated bond
estimate for Richmond Shores at peconic be accepted at $300,000.
This increase over the the original updated bond estimate
of $250,000 is as per the correspondence of Raymond L. Jacobs,
Highway Superintendent.
It is also requested that the applicant post a bond,
letter.of credit, or passbook for $300,000 and pay an inspection
fee on the differential in the amount of $10,000. (5% of
$300,000is $15,000; $5,000 fee was paid on the first bond;
therefore $10,000 balance to be paid based upon updated bond
estimate) .
If you have any questions, please don't hesitate to
contact our office.
Very truly yours,
. '32 YlfLltt O;\L~lG C;pcil~
BENNETT ORLOWSKI, JR., CHAIRMAN
SOUTHOLD TOWN PLANNING BOARD
By Diane M. Schultze, Secretary
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REPUBLIC INSURANCE COMPANY -
129 FULTON STREET
NEW YORK, NEW YORK 10038
"
BON D
KNOW ALL MEN BY THESE PRESENTS, That We, H.E.C. F:E.L!] ';:>. of c/o
K & C Agency, Inc., 515 Rockaway Avenue, Valley Stream, N;,,,.' '~:)rk as
Principal and ROBERT E. CUMMINS AND SERENA L. CUMMINS a:: ::c',:'incipals
and the REPUBLIC INSURANCE COMPANY, a Texas corporation cl.ltl,)]:'ized to
do business in the State of New York, having an officem:i J' .,,"ce of
Business at 129 Fulton Street, New York, New York as Sun,t:y ';,re held and
firmly bound unto the TOWN OF SOUTHOLD, SUFFOLK COUNTY, Nt:,.:.: :>RK AS OBLIGEE,
in the sum of ONE HUNDRED TWENTY FIVE THOUSAND AND 00/1')(1 ':: ,;:5,000.00)
DOLLARS, lawful money of the united States for the paym,ent: 1 ,']O,reof to the
Obligee, the Principal and Surety bind themselves, thei~ ,IE. :", executors,
administrators, successors and assigns, jointl" and sever;,: 'I firmly by
these presents.
SIGNED, SEALED AND DATED THIS: 19th day of SeptemcE!r ]79.
WHEREAS, the above named Principal has ag::eed to compJ:' "i th the terms
regulations and conditions of the Town of Southold, in conn,,: tion with
the completion of items as shown on Town Engin.eers Estimate :.atec. May
29, 1979 for subdivision of "Richmond Shores at peconic", f:..:Llated in the
Town of Southold, Suffolk County, New York and in connect::i.o: l therewith
the Obligee desires this bond be given;
WHEREAS, the Co-Principals have a beneficial interent .~. said project;
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUi ::,:, that if
the Principal shall in connection with the ins':allation of :, l.i.d items on
Engineers Estimate in Richmond Shorest at peconic within th12E: (3) years
from the date hereof, complete said improvements to be in i".': :'Clrdance with
the construction, specifications of the LTown of Southolcl" dll. in
conformance with the plot plan approved by the Southold ~:m'r.l Planning
Board and to the satisfaction of the Town of Southold, them:his obligation
to be void; otherwise to remain in full force and effect..
NO party other than t he Obligee shall hav,~ any rig:h1:s : l,reunder as
against the Surety.
The aggregate liability of the Surety on .:he bond obl;i., r l.tion shall
not exceed the sum thereof for any cause or reason what SCHI.V, , :.
~.p P~RIINN(CIPALS
~[r~-- _~
Robert E. Cummins
~ H>r"'- ~ ~'"^"^~~
Serena L. Cummins
~
R.E~.C:/!3;:,~:,r~Y CO.
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BY 'L;~:'~..~~ -' ~,If:;
RE..p;';;:i\r'URAt:oMP~
B~:~~lk
Ti;~,,; J. Keenan
1\ ti~~n e,y- i n- Fact
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BOND#928l04
RS 104
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ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
} S5:
COUNTY OF
On this
dayaf
19
, before me per..
to me known and known to- me to
$onolly appeared
be one of the firm of
described in and who executed the foregoing instrument and he thereupon acknowledged to me that h.
executed the same ds and far the,act and deed af said firm.
CORPORATE
STATE OF
}ss:
COUNTY OF
On this
day af
19
, before me per-
sona lIy appeared
first duly swo,n, did depose and, say thot he resides in
to me known, who, being by me
; that
he is the
of
the corporation. de-scribed 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 Boord of Directors of said corporation, and that he signed his
name thereto by like order and authority.
INDIVIDUAL'
STATEOF rJ~i
COUNTY OF N Il-SS fl-J
4
On this .0& day of ,5..,:;:t L
~
sanally appeared R()~-r E- GvH 1'71 JJ } J.-vllf-.Jh- L. e.';I1ntN'S . to me known and known 'to me to
be the individual)described in and wha executed the foregoing instrument and T4J acknowledged
to me that ~ executed the same.
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, before me pe',.
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REPUBLIC INSURANCE COMPANY
Eastarn Departmant: 129 FULTON STREET, NEW YORK, N.Y. 10038
FINANCIAL STATEMENT DECEMBER
31. 1 978
ASSETS
1978
........... $ 2.472.527
Cash.......... .
Bonds. at mortized cost (Schedule n:
United States Government....... .................
Other bonds ....................................
Commercial notes .................". ,.,....""
Total Bonds. . . , , , " , . . , . . , , , , . . , , , . . . . . . . . , , . ,
Investments in stocks other than stocks of
affiliates (Schedule II)::
Preferred stocks. at market...."..." . .........
Common stocks. at market......,.. ,.. .........
Savings and loan association shares,
at cast,.. ".............................,.. ,
Total stocks. . . . . . . . . . . . . . , , , , , , . . . . . . . , , .
Investments in stocks of affiliates at under-
lying book value (Schedule 11)........,.,.",.......
Agents' balances and reinsurance balances - net. . . . . . .
Premium notes. less unearned interest ......"",..,.
Re~.1 estate. at cost less accumulated depreciation
of759,017 ....... .......................... ..
Other assets ..".,.........,.""................
Receivable from affiliates ...",.,..................
22,415,629
98,582,554
8,048,301
129.046,484
17,721,722
26,691,150
44,412,872
LIABILITIES, RESERVES AND CAPITAL FUNDS
1978
...........$ 59,764,157
5,761,856
99,374,432
926,000
1,000
9,669,562
85,562
5,368,734
68,472,533
Liabilities:
Reserve for losses.
Reserve for loss adjustment expenses. . . . . "
Unearned premium reserve (Schedule VII) , , . . . . . . . .
Taxes. other than Federal income taxes. " , , , . , , . . . .
Dividends payable topolicyholders...".,.,."....
Other liabilities " " " . " . . . . . . . .. . . . . . . . . " . . . . . .
Payable to affiliates. . . . " " , . , , , , . . . .
Federal income tax ..""""" _ " . . . . . . . . . . . .
Funds held by company lU1der . . . . . . . .
Reinsurance Treaties
Statutory reserves:
Excess of statutory reserves over loss and
loss expense reserves. . . . . . .
Remsurance in compames not hcensed
in Texas. . . . . . . . . . . . . . . "
561,397
49,440,696
92,777,798
2,923,129
1,276,010
4,296,839
39,050
$326,685,405
Total liabilities . . . . .
249,985,233
Capital shares and surplus:
Capital shares:
Preferred stock, SIOOpar value per share.
Authorized 200.000 shares, issued
150.000 shares . ".,"............".....",.
Common stock. 55 par value per share.
Authorized 200.000 shares. ISSUed
12,000,000
Authorized 2.000.000 shares. issued
1 ,OQO,OOO shares , .,.",.,"........."
Paid-in.surplus............. "....,.....
Retained earnings ."".,...,." ...."..."...
Excess (deficiency) of market value of
stocks over cost, other than stocks
ofaffitiates ....................
Excess of underlying book value of stocks
of affiliates over cost. . . . . . . . . . . . . . . . . . .
Total capital shares and surplus........"..
5,000,000
6,000,518
36,954,386
<459,312)
16 285 956
76,700,172
$326,685,405
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 meeting of the Board of Directon of Republic Insurance Company. duly called and held at the office of
the Company in the City of Dallas. Texas. on the 28th day of-February. 1967. a quorum being present. the following By.Laws was duly adopted to
become t:ffective February 28. 1967:
ARTICLE XI - APPOINTMENT OF A TTORNEYS.IN.F ACT
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 behl'j.lf 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 certificates of authority shall have full power to bind the
Company by their signature and execution of any such instruments aQd till 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 authority,J!reviously given to any attorney-in.fact.
STATE OF NEW YORK
COUNTY OF NEW YORK
} ss.
james n. heiske11
attorney-in-fact
. being duly sworn, deposes and says: I am
of the Republic Insurance Company. I have compared the foregoing 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 transcril?t therefrom and of the whole Article XI, of said original By-Law arid that
the same is now in full force and effect. Pursuant to said By-Law. John J. Zahn, Thomas J. Keenan.' James 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 the, assets and liabilities of "said Company at the close of business December 31,1978 taken from the books and
records of said Company and is prepared in accordance with the statements on file with t.he Insurance Department of the State of New York.
The Superintendent of Insurance of the State of New York has, pursuant to Section 327 of the New York Insurance Law (Chapter 882 of the Laws of
1939 of the State of New York. constituting Chapter 28 of the Consolidated Laws of the State of New York. as amended) issued to the Republic
Insurance Company his certificate that said Company is qualified to become and be accept sure to guarantor on all bonds, undertakings and
other obligations or guarantees, as provided in the Insurance Law of the State of New Yo laws endatory thereof and supplementary
thereto; llnd that such certificate has not been revoked,
19th
day of
~
COUNTY
On this
RS-109
. ~.
,~ . .
- .
, ..
september
, 19~ before me personally
} ss.
~ 9th day of
thomas j. keenan
new york
and say that he resides in that he- is an attorney-in.fact of the Republic Insurance
Company, the corporation descrioe4 in, and which executed. the foregoing instrument; that he knows the corporate seal of said corporation;
that the s.eaJ affixed to the foregoing instrument is such corporate seal; that it was affixed thereto by the order " oard of Dire tors of said
co~poration and that he signed his name thereto, as attorney-in.fact. by . r nd author it "
to me known, who being by me duly sworn. did depose
ca~~~':~~:'~:-X~1L~t;J ;.jdil:~ ";:'''. iCJ:m.
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OCtober 10. 1979
Richard F. Lark. a.q.
Main Road. P. O. SOx 973
Cutehogue. Mew York 11935
Dear Mr. Larke
The Southold ~OWT' Board at a regular meeting
held on October 9, 1979 approved anei accepted the
~erformance Bond in the amount of $125.000.00 for
road8 and improve.ente in the eubdivieion known ae
"Richmond Shore. at Peconic~.
Verl truly your.,
Judith T. Terry
Town Clerk
CC I Plarminq SOard
, /.....
/\//
/
j/
RICHARD F. LARK
ATTORNEY AT LAW
MAIN ROAD - P. o. SOX 973
CUTCHOGUE. NEW YORK 1193D
".tINED
St~281979
J'JIWII I:IIdI JlIDIIiIIII
TELEPHONE 518 734.6807
September 28, 1979
Mrs. Judith T. Terry
Southold Town Clerk
Town Hall - Main Road
Southold, New York 11971
RE: Richmond Shores at Peconic
Dear Mrs. Terry:
In connection with the above~captioned sUbdivision, I
am enclosing a Performance Bond in the amount of $125,000.00
issued by Republic Insurance Company (Bond #928104) which
conforms to the requirements of the Southo1d Town Planning
Board as set forth at a meeting on July 23, 1979.
RFL/mld
Enclosure
..
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;f!t'~~J)~1f-fZ- cd' .a;-CJ7'~
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JUDITH T. TERRY
TOWN Q.ERK
REGISTRAR OF VITAL STATlSTICS
~"';:~;~'~b:~
,:.~1'.7i';~
." ... '. "'.
OFFICE O~TO~i~;E:~K
TOWN OF. SOUTHOLD
.' 7\) ",?"j",,'<l;
SUFFOLK cOlJN'ry
, .,,,
'~~'~'??z;:0,::">>;" '.'
TELEPHONE
(516) 765-1801
Southold, L. I., N. Y. 11971
June 24, 1980
RECEIVED
JUL 7 1980
Town Clerk Southold
Republic Insurance Company
129 Fulton Street
New York, New York 10038
Gentlemen:
The Town of Southold is presently holding the below listed
bonds for roads and improvements in subdivisions. Please advise
if these bonds are still in force and effect.
C.P.F. Land Corp., Bond #9jll0l4, $90,000, Blue Horizons Section I
C.P.F. Land Corp., Bond #921015, $110,000, Blue Horizons Section II
~
Greenbriar Homes Inc., Bond #.!319456,_$142,000, Greenbriar Acres
at Mattituck.
Peconic Homes Corporation, Bond #917092, $50,000, Greton Estates
75 Highland Rd. Corp., Bond ~9~!L $200,000, Highland Estates
Adelphi Land Corp., Bond #919R::\0, $26,760, Peconic Knolls
R.E. C. Realty Co., Bond #9..2.8.]..04., $125,000, Richmond Shores at Peconic
Col. Ted Dowd
Kwasneski, Bond #915530, $53,000, Sleepy Hollow
..---'
Hochman, Bond #916263, $20,000, Syloret
Very truly yours,
~J-~C--
Judith T. Terry
Town Clerk
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REPUBLIC INSURANCE COMPANY
129 FULTON STREET
NEW YORK. NEW YORK 10038
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BON D
KNOW ALL MEN BY THESE PRESENTS, That We, R.E.C. REALTY CO. of c/o
K & C Agency, Inc., 515 Rockaway Avenue, Valley Stream, New York as
Principal and ROBERT E. CUMMINS AND SERENA L. CUMMINS as Co-Principals
and the REPUBLIC INSURANCE COMPANY, a Texas corporation authorized to
do business in the St.ate of New York, having an office 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 TWENTY FIVE THOUSAND AND 00/100 ($125,000.00)
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 A,ND DATED THIS: 19th day of September 1979.
WHEREAS, the above named Principal has agreed to comply with the terms
regulations and conditions of the Town of Southold, in connection with
the completion of items as shown on Town Engineers Estimate dated May
29, 1979 for subdivision of "Richmond Shores at Peconic", situated in the
Town of Southold, Suffolk County, New York and in connection therewith
the Obligee desires tchis 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 Principal shall in connection with the installation of said items on
Engineers Estimate in Richmond Shorest at peconic within three (3) years
from the date hereof, complete said improvements to be in ~ccordance with
the construction, specifications of the LTown 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, then this obligation
to be void; otherwise to remain in full force and effect..
NO party other tchan t he Obligee shall have any rights hereunder as
against the Surety.
The aggregate liability of the Surety on the bond Obligation shall
not exceed the sum thereof for any cause or reason whatsoever.
R.~y CO.
BY' ?~
az;PRINCIPALS
_[ r Mfiw",",- '--
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Robert E. Cummins
~ ,.,.:yo.'_ J ~lNY~Y""_'v>
Serena L. Cummins
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BOND#928104
SURA
B .
s J. Keenan
rney-in-Fact
R& \04
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ACKNOWLEDGMENTS
COPARTNERSHIP
STATE OF
COUNTY OF
} SS:
On this
day of
19
, before me p.r-
~mnally appeared
be one of the firm of
to me known and known to. me to
d...cribed in and who executed the foregoing instrument and he thereupon acknowledged to me that he
executed the some ds and for the oct and deed of said firm.
CORPORATE
STATE OF
COUNTY OF
}SS:
On this
day of
19
, before me per-
to me known, who, being by me
; that
sonolly appeared
first duly sworn, did depose and soy 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 Boord of Directors of said corporation, ond that he signed his
name thereto by like order and authority.
INDIVIDUA~
STATE OF rJ- i }
COUNTY OF N I1-5S rtJ 5S:
On this C;~4 day of ~
"-
sonolly appeared R"t,,,It1"" r-:. t.,Vl1l1,P I J-'Yk-.JO\- L.
197?
, before me per-
r- Ql1hlNS , to me known and known to me to
be the indjviduol)described in and who executed the fO~90in9 instrument and
to me that ~ executed the some.
T~
acknowledged
t~ if g~
!
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RICHARD F. LARK
ATTORNEY AT LAW
MAIN ROAD - P. O. BOX 973
CUTCHOGUE. NEW YORK t 19315
IlICelVED
SEP281979
tqwn _ &ouIIiolll
TELEPHONE !518 734.6807
September 28, 1979
Mrs. Judith T. Terry
Southold Town Clerk
Town Hall - Main Road
Southold, New York 11971
RE: Richmond Shores at peconic
Dear Mrs. Terry:
In connection with the above~captioned subdivision, I
am enclosing a Performance Bond in the amount of $125,000.00
issued by Republic Insurance Company (Bond i928l041 which
conforms to the requirements of the Southold Town Planning
Board as set forth at a meeting on July 23, 1979.
RFL/mld
Enclosure
'c -
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.
".,'
October 10, 1979
Richard F. Lark, Esq.
Nolin Road, P. O. Box 973
Cutehoguo, New York 11935
Doar Hr. Lnrk:
'rh~ Southold Town Eoard at a regular me&t1n9
held on October 9, 1979 approved and accepted the
werform3nce Bond in the amount of $125,000.00 for
roads and im9rovementa in the subdivision known as
"aichmond Shoree at Peconic~.
Very truly yours,
Judith T. Terry
Town Clerk
cc. P13nning Board
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REPUBLIC INSURANCE COMPANY
FINANCIAL
Eastern Depertment: 129 FULTON STREET, NEW YORK, N.Y. 10038
STATEMENT DECEMBER 31, 1978
- ,;:::,:<..t"~
,?/'r"i:,;
ASSETS
1978
Cash..................."......,.............. ... $
2,472,527
Bonds. at mortized cost (Schedule I):
United St:ttesGovernment........................
Other bonds" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Commercial notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total Bonds. . . . . . . . . . . . . . . . . . . - . . . . . . . . . . . . . .
22,415,629
98,582,554
8,048,301
129,046,484
Investments' in stocks other than stocks of
affiliates (Schedule II)::
Preferred stocks. at market.....................
Common stocks, at market ....,................
Savin~i and loan association shares.
at cost.'. ................................. .
Total stocks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17,721,722
26,691,150
44,412,872
Investmenb in stocks of affiliates at under.
lying book vatue(Schedule In. .....................
49,440,696
92,777,798
2,923,129
Agents' balances and reinsurance balances - net. . . . . . .
Premium n'Dtes.less unearned interest ...............
Re~l estate. at cost less accumulated depreciation
of759,017 ..... .............. ................
Other assets .. ... ...... ........ ......... .......;.
1,276,010
4,296,839
39,050
$326,685,405
Receivable fromamliates ..........................
LIABILITIES, RESERVES AND CAPITAL FUNDS
1978
59,764,157
5,761,856
99,374,432
926,000
1,000
9,669,562
85,562
5,368,734
68,472,533
Liabilities:
Reserveforlosses.. ........... ........ .......... $
Reserve for loss adjustment expenses. . . . . . . . .. .. . . _
Unearned premium reserve (Schedule VIO . . . . . .. .. .
Taxes. other than Federal income taxes. . . . . . . . . . . .
Dividends payable to policyholders. ..............
Other liabilities . ...............".......... .....
Payable to affiliates. . . . . . . . . . . . . . . . . . . . . . . . .. . . .
Federal income tax _..__..... -....... ..... ......
Funds held by company under ................
Reinsurance Treaties
Statutory reserves:
Excess of statutory reserves over loss and
loss expense resel'Vcs. . . . . . . . . . . . . . . . . . . . . . .'. . .
Reinsurance in companies not licensed
in Texas. . " . . . . . . . . . . . . . . . . . . . . . " . . . . . . . . . . .
Total liabilities . .. . . . . . . . . . . . . . . . . . . . . . . . ...
Capital shares and surplus:
Capital shares:
Preferred stock. 5100 .par value per share.
Authorized 200.000 shares. issued
150,000 shares ....... ............ ..........
Common stock. 55 par value per share.
Authorized 200.000 shares, Issued
Authorized 2.000.000 shares. issued
1.000,()(x) shares. . . . . . . . . . . . . . . . . . . . . .. . . . .
Paid.in.surplus ..............................
Retained earnings.............................
Excess (deficiency) of market value of
stocks over cost. other than stocks
of affiliates ........ ..... .......... ...:....
Excess of underlying book value of stocks
of affiliates over cost .. ............. ........
Total capital shares and surplus. . . . . . . . . . . .
561,397
249,985,233
12,000,000
,,\:.
5,000,000
6,000,518
36,954,386
<459,312)
16 285956
76.700,172
$326,685.405
Note: All securities are carried in accordance with the requirements ofthe 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 meeting of the Board of Direeton of Republic Insurance Company. duly called and held at the office of
the Company in the City of Danas. Texas, on the 28th day of'Fetiruary. 1961, a quorum being present. the fonowing By-Laws was duly adopted to
become effective February 28, 1967: .
ARTICLE XI-APPOINTMENT OF ATTORNEYS-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 certificates of authority shall have full power to bind the
Company by their signature and eXei:ution of any such instruments aad t" attach the seal of the Company thereto. The President. or any EXei:utive
Vice President. or the Board of Directors, may at any time revoke all power and authority"areviously given to any attorney-in-fact.
STATE OF NEW YORK
COUNTY OF NEW YORK
} <S.
. attorney-in-fact
. betn~ duly sworn, deposes and says: I am
of the Republic Insurance Company. I have compared the foregoing 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 therefrom and of the whole Article XI. of said original By-Law arid that
the same is now in full force and effect. Pursuant to said By-Law. John J. Zahn, Thomas J. Keenan. ~ )l!-mes N. Heiskell, Ralph L. Price and
~arlin f. Perry were duly appointed Attorneys.in-Fact of this Company without limitation as to amoun! of bond' executed ano that said appoint~ent
IS now In effect.
jarnes n. heiske11
The above is a true statement of the. assets and liabilities of'said Company at the close of business December 31,1978 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 oflnsurance of the State of New York has. pursuant to Section 327 ofthe New York Insurance Law (Chapter 882 of the Laws of
1939 of the State of New York. constituting Chapter 28 of the Consolidated Laws of the State of New York. as amended) issued to the Republic
Insurance Company his certificate that said Company is qualified to become and be acc-ept sure to guarantor on all bonds, undertakings and
other obligations or guarantees. as provided in the Insurance Law of the State of New Yo law!; endatory' thereof and supplementary
thereto; and that such certificate has not been revoked.
19th
"L
~,l"t.; 0: "';c;.: "H.'~
" \. r,,"->>-.' Sf\"
':)"..:...ITI .....<;A.."
~~':,'J :,:.l:c::. 28, 19.. '
,'.'"
} SS.
~9th day of
thomas j. keenan
new york
and say that he resides in that he is an attorney-in-fact of the Republic Insurance
Company, the corporation described in, and which executed. the foregoing instrument; that he knows the cor
that the seal affixed to the foregoing instrument is such corporate seal; that it was affixed thereto by the order
corporation and that he signed his name thereto. as attorney-in-fact, by . nd authori
,\.;,.;,:-;
'.;,j
C'Jrnl..'li-.i.:Ur~ ;~X:,
On this.
september
. 19~ before me personally
RS-l09
to me known. who being by me duly sworn. did depose
Mi\..'.-
otary Pt:b1i<.;, ~. ..' . '",
Q. 41--4668453 - Qu.~" h' ~"'<.-,,'-" '0'1
CoIJ1Dllssioll Expuea ManiB iM 19-.~\.
Notary Public