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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.