HomeMy WebLinkAboutYennecott Park
.. .
"YENNECOTT PARK'" :..; m:'13DIYISlON BOND-Released lC1'/.J;l71
Southold Town Planning Board
5DUTHDLD. L. I.. N. Y. 11971
PLANNING BOARD
MEMBERS
John Wickham, Chairman
Henry Mo.lsa
Alfred Grebe
William Unkelbach
Frank Coyle
July 18, 1968
Town Board, Town of Southold
16 South Street
Greenport, L.I., New York 11944
Gentlemen~
Enclosed pjease find a bond of Republic Insurance Company,
129 Fulton Street, New York, in the amount of $47,000.00 to
cover road, drainage, etc. work in the subdivision "Yennecott park",
owned by Donald and Lorna Tuthill, Southold, New York.
We understand this amount was approved by the Town Board at
the July 16, meeting.
Yours truly,
LMhJ. 2J~8~
J~~-';ickham, Chairman
Southold Town Planning Board
REPUBLIC INSURANCE COMPANY
.
129 FULTON STREET. NEW YORK, NEW YORK t0038
RIDER
TO BE A'l"l'ACHED TO AND FORM A PART OF BOND # 902360 ON BEHALF
of Donald E. Tuthill and Lorna E. Tuthill
in the sum of FORTY SEVEN THOUSAND AND OO/lOOths
( $47, 000 . 00 ) DOLLARS DATED Jul'l 2 1968
in favor of the TOWN OF ::fOUTHOLD, Su1:folk County, New York
covering improvements at Yennecott Park, Southold, Suffolk
county, New York
IT IS HEREBY UNDERSTOOD AND AGREED that the above
captioned bond is extended for a further period to expire July 2, 1971
under all of the terms and conditions as are
set forth in said bond.
SIGNED, SEALED AND DATED this 12th day of July
1968 .
J)-~ t; ~
Donald E. Tuthill
!J'--
RS 112
.
ACKNOWLEDGMENTS
COP ARTNERSHIP
STATE OF
COUNTY OF~
On this /7 day of
sonally appeared
be one of the fi rm
described in and who executed the foregoing instrument and he thereupon acknowledged to me that he
executed the same as and far the act'>;;',;';! deed of said firm.
} SS:
19 (,f
, before me per..
/!I.-ru oj.
6t:::::
NOTARY ~ULUC. ~~J_:'; G~ ;lew York
No 52-lJblbl00 :"uliolk cou~
CommISsion Expires March 30, 19 7
CORPORATE
STATE OF
COUNTY OF
}SS:
On this
sonally appeared
first duly sworn, did depose and say that he resides in
day of
19
, before me per..
to me known, who, being by me
; that
he is the
of
the corporation described in and whi-ch executed the foregoing instrument; that h. 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
COUNTY OF
}SS:
STATE OF
On this
day of
19
, before me per.
sonally appeared , to me known and known to me to
be the individual described in and who executed the foregoing instrument and acknowledged
to me that
executed the same.
"O"M 1[_23
. ,
REPUBLIC INSU~ANCE COMPANY
. '
Dallas, Texas
Eastern Department: 129 FULTON STREET. NEW YORK, N. Y. 10038
.
.
Financial Statement December 31. 1967
ASSETS
Cash
$1,568,331
3,765,133
525,453
186,805
3,772,977
3,500,000
1,291,048
.............................................
Agents Balances & Premiums Receivable
Due for reinsurance companies, neL......
Accrued Investments income ...............
Premium notes, less unearned interest "
Short term notes & other invested assets
Savings & loan association shares, at cost
Bonds, at amortized value:
U.S. Government ........................
1,872,371
Other bonds (state, municipal &
miscellaneous) ......................
Stocks, other than subsidiaries, at
market value ......... ..... ... ..... ....
Stocks of wholly owned subsidiaries,
at underlying book value ..........
Real Estate, at cost less mortgage note
payable of $1,362,794 &
accumulated depreciation .........
Intercompany receivables
Other assets
20,489,747
18,608,264
21,316,990
1,744,982
1,672,671
$80,314,772
LIABILITIES. RESERVES AND CAPITAL FUNDS
Liabilities:
Reserve for losses and loss adjustment expense $7,778,879
Contingent commissions payable .................... 942,654
Intercompany payab1es ................................. 734,297
Unearned premium reserve ............................ 50,033,345
Taxes, other than Federal taxes on income....... 653,000
Federal taxes on income ..............................
Dividends payable to stockholders .................
Other liabilities.............................. ............
Statutory reserves:
Excess of statutory reserves over case
basis and loss expense reserve.........~........ 1,100,000
Reinsurance in companies not licensed
in Texas ............................................... _ 21.097
Total Habilities and reserves ......61,890,363
300,000
327,091
Capital Funds:
Capital Stock:
Common-$5 par value per share;
2,000,000 shares authorized
1,000,000 shares issued ...._..........."....... 5,000,000
Surplus:
Paid-in
Unassigned
Total...................................
Excess of market value of stocks other
than subsidiary over cost ......................... 8,375,746
E.xcess of underlying book value of stocks
of wholly owned subsidiaries over cost ....... 2.459.444
Total capital funds-policy holders' surplus 18,424.409
$80,314,772
,- . .,
663,509
1,925,710
7,589,219
An. .s~curities are carried. in accordance with the requirements of the National Association of Insurance Commissioners as
fonows: 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 Directors 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 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 u;fertaldnp and other
obligatory instruments of like nature. Such attorneys-in-fact. subject to the limitations set forth 0; their 'respective certi&cates 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 power
and authority previously given to any attomey-in~fact. '
STATE OF NEW YORK
COUNTY OF NEW YORK
I ~,
.... Ralph L. .Price. ., being duly sworn, deposes and say" 1 amViCe~President.......
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 and that the same is now in full force and effect. Pursuant to said By-Law, George J. McGovern, Thomas
J. Keenan, Jobn F. Knight, Ralph L. Price, and Marlin F. Perry were duly appointed Attorneys-in-Fact 01 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, 1967 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 of the New York Insurance Law
(Chapter 882 01 the Laws 01 1939 01 the State 01 New York, constituting Chapter 28 oltbe Consolidated Laws oltbe State 01 New
York, as amended) issued to the Republic Insurance Company his certificate that said Company is qualified to become and be
accepted as surety or guarantor on all bonds, undertakings and other obligations or guarantees, as provided in the Insurance Law
of the State of New York, and all laws amendatory thereof and supplementary thereto; and that such certificate has not been revoked.
Swom to before me this
2
J
..1
,',$~,_ "1 ~_.<
iAL~
19~
\ DONALD M. DAILEY
~. NOTARY PU8L1C, STATE OF NEW YORK
. No. 52 - 5900600
Quolified in Suffolk Cou~O
Term Expires March 30, 19.../..
On thi. 12th day 01 July , 19~, belore me personaDy came
Thoma~ .T. Kpent=ln to me known, who beinp; by me first duly sworn, did depose and say
that he resides inMassapeqUa Pk, New york that he is an attorney.in.lact 01 the Republic Insurance Com~y,
the corporation described in, ano which executed, the foregoing instrument; he knows the co e seal (If sald corporation.
that the seal affixed to the loregoing instrument is such corporate seal; th it affixed thereto y he order 01 the Board of
Directors of said corporation and that he signed his name thereto, as attor y-in- ct, by like order an auth ity.
I
STATE OF NEW YORK
COUNTY OF NEW YORK
DONALD M. DAI~~"
NOTARY PUBLIC, STATE OF MlW '{!lIlt
No. 52.5900800
Qu.iitied in Suffolk CoU!\IV'7f'>
'Tertn Expires Marcil 30, 19....j.:....
RS 109 (68)
Notary Public
_._..-~- .--.-.---- .~_._.------..__. -~_._- ----_._.-"
I>-
REPUBLIC INSURANCE COMPANY
129 FULTON STREET
NEW YORK, NEW YORK 10038
BON D
KNOW ALL MEN BY THESE PRESENTS, That We, DONALD E. TUTHILL and
LORNA E. TUTHILL of 3020 Boisseau Avenue, Southold, New York as
Principals and the REPUBLIC INSURANCE COMPANY, a Texas corporation
authorized to do business in the state of New York and 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 FORTY SEVEN
THOUSAND AND OO/lOOths ($47,000.00) 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, SEALgD AND DATED this 2nd day of July, 1968.
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 roads and other improvements in "Yennecott Park",
situated at Southold, Suffolk County, New York, and in connection
therewith the Obligee desires this gond to be given:
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH THAT if the
Principal shall, in connection with the installation of roads and
improvements in Yennecott Park 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, then this obligation to be
void; otherwise to remain in 7~~e~t.~
Donald E. Tuthill
BOND #902360
c.
Lorna
~, 1<:,4
.
ACKNOWLEDGMENTS
COPARTNERSHIP
} ss:
19 r; J" ,before me per-
be one of the fi rm of
described in and who executed the foregoing instrument (md he thereupon acknowledged to me tho' he
executed the same as and for the act and deed of said firm.
/It,Mj,L ~
MilDRED C MAN
NOTARY PUBLIC, State of New York
No. 52-0618100 ::;uffo]~ COU~
CORPORA TE Comm,..,on Njl"..Morch 30, 1~7
STATE OF
}ss:
COUNTY OF
On this
day of
19 _ , before me per-
to me known, who, being by me
; that
sonally appeared
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; tha, he knows the corporat.
seal of said corporation; that the corporate seal affixed to said instrument is such corporate seal; tha, 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
STATE OF
}ss:
COUNTY OF
On this
sonally appeared
day of
19
I before me per..
, to me known and known to me to
be the individual described in and who executed the foregoing instrument and
to me that executed the same.
acknowledged
fl'O-.M E_aa
---..T ----.~.---.--
REPUBLIC INSU~ANCE COMPANY
Dallas,'Texas'
Eastern Department, 129 FULTON STREET, NEW YORK, N. Y. 10038
, .
.
Financial Statement December 31, 1967
ASSETS
Cash
.............................................
$1,568,331
Agents Balances & Premiums Receivable 3,765,133
Due for reinsurance companies, net....... 525,453
Accrued Investments income ............... 186,805
Premium notes, less unearned interest .. 3,772,977
Short term notes & other invested assets 3,500,000
Savings & loan association shares, at cost 1,291,048
Bonds, at amortized value:
U. S. Government ........................
Other bonds (state, municipal &
miscellaneous) ......................
Stocks, other than subsidiaries, at
market value........... ...... ..... ....
Stocks of wholly owned subsidiaries,
at underlying book value ..........
Real Estate, at cost less mortgage note
payable of $1,362,794 &
accumulated depreciation .........
Intercompany receivables
Other assets
1,872,371
20,489,747
18,608,264
21,316,990
1,744,982
1,672,671
$80,314,772
LIABILITIES, RESERVES AND CAPITAL FUNDS
Liabilities:
Reserve for losses and loss adjustment expense $7,778,879
Contingent commissions payable .................... 942,654
Intercompany payables ................................. 734,297
Unearned premium reserve ............................ 50,033,345
Taxes, other than Federal taxes on income....... 653,000
Federal taxes on income ..............................
Dividends payable to stockholders .................
Other liabilities.......... ..... ....... ...... ..... .........
300,000
327,091
Statutory reserves:
Excess of statutory reserves over case
basis and loss expense reserve.........*........ 1,100,000
Reinsurance in companies not licensed
in Texas ............................................... 21.097
Total liabilities and reserves ...... 61,890,363
Capital Funds:
Capital Stock:
Common-$5 par value per share;
2,000,000 shares authorized
1,000,000 shares issued................".......
Surplus:
Paid-in
Unassigned
5,000,000
663,509
1,925,710
7,589.219
Total...................................
Excess of market value of stocks other
than subsidiary over cost ......................... 8,375,746
Excess of underlying book value of stocks
of wholly owned subsidiaries over cost ....... 2.459444
Total capital funds-policy holders' surplus 18,424.409
$80.314,772
, . . ~
AI! securities are carried in accordance with the reqUirements of the National Association of Insurance Commissioners as
follows; eli~',:>le bonds at amortized values; stocks of associated insurance companies at pro rata share of capital and surplus; all
other secLritie., at quotations prescribed by the Association.
BE IT REMEMBERED, that at a regular meeting of the Board of Directors of Republic Insurance Company, duly called
aDd held at the office of the Company in the City of DaJlas, Texas, on the 28th day of February, 1961, a quorum being present, the
following By-Laws was duly adopted to become effective February 28, 1961:
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 attorneys-in-fact, subject to the limitations set forth in their respective certificates of
authority shall have full power to bind the Company by their si~nature 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 power
and authority previously given to any attorney-in-fact.
STATE OF NEW YORK
COUNTY OF NEW YORK
ss:
. . . . Ralph. L. Price ..... being duly swnrn, depnses and say" 1 am . Vi.ce . Pr.es iden.t. . . . . . .
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 and that the same is now in full force and effect. Pursuant to said By-Law, George J. McGovern, Thomas
l. Keenan, John F. Knight, Ralph L. Price, and Marlin F. Perry were duly appointed Attorneys-in-Fact of this Company without
imitation 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, 1967 taken
from the books and records of said Company and is prepared in accordance with the statements on Hie 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 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 qualiHed to become and be
accepted as surety or guarantor on all bonds, undertakings and other obligations or guarantees, as provided in th orance Law
of the State of New York, and all laws amendatory thereof and supplementary t at such certificate h not b n revoked.
..
DONALD M. DAIL
NOTARY PUBLIC, ST,\T[ OF NEW YORK
No. 52.5900600
Qualified in Suffolk CounW'1l'
Term Expires March 30. 19.-LY
On thi< 2nd day of Julv , 19~, before me personally came
Thomas J A Kp.enan to me known, who being by me Brst duly sworn, did depose and say
that he resides inMassapeqUa Park, New Yorkthat he is an attorney-in-fact, of the Republic Insurance Company,
the corporation described in, ana which executed, the foregOing instrument; th knows the corporate I of said corporationj
that the seal affixed to the foregOing instrument is such corporate seal; that i w affixed thereto by e rder of the Boud of
Directors of said corporation ilnd that he signed his name thereto, as attorney- -fa t, by lik order an
Sworn to before me this
2n
STATE OF NEW YORK
l s"
COUNTY OF NEW YORK
NOTARY
\ Q?,ILEY
~';i;,TE r:~ he',V YCRK
."
~
f\:;, . ~i;DG.;~G
Qualii:;;d ~L1lfQ!:, CG!J,n~1)
T,:,r" fx;- ~:,~ :\',;<':.'1 .cel, E'_.. ..V
RS 109 (68)
-
>
""
~
19-M.