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Home My WebLink About1930-39 -00755 ,~,~r) NO .............................................. PUBLIC OFFICIAL BOND NDEMNI INSURANCE COMPANY O TH AMERICA KNOW ALL MEN BY THESE PI~SF-4NT~, That we .......... ...g.....~.~._..~_O__~ ..................................................... · New York ............................................................................. of. ........................ ~ ........................... m ~e Stere o~_ .................................. ................................................ as Pfin~pal, and the INDEMNITY INSuRANcE COMPANY OF NORTH AMERICA, a corporation duly organized and existing under and by virtue of the laws of the State of Pennsylvania, as Surety, are held and firmly ~und unto ....0.~.~....~.*..~.,.....~....~.~.~ ........................................................................ in the full and just sum o~..~. ~.Q.~..~..~Q~.~. .......................................... ~ .......................................... ~. .......................... ($ .................. ~Q.,.~Q.*..O0. ........................................ ) Dollars, lawful money of the United States, for the payment of which well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents; SIGNED AND SEALED this .............. 1.~ .................. day o[ ........... ~.~g~.._A. D. 19.~.... WHEREAS, the said ........................... .~.,.....~,.....~.~ ............................................................................................................................................. ha~ been duly elected or appointed ............. ~....~.....~ ....................................................................................................... for the term be~nning...........~g~...~.~.~.....~.~.~..and ending ............ ~.~g.~.~....~.~.~. NOW, THEREFORE, the condition of the above obligation is such, that if the a~ve bounden E. LUC ....................................................................................................................................................................................................................... shall well and faithfully per- form all th~ duties of his said o~ce of. ~.~..~.~.~.~.~.....~~. ........................................................................ as required by law, then this obligation to be null and void; othe~ise to be and remain in full force and virtue. This bond is given and received under the follo~ng exp~s~ condition~: That if the Surety shall so elect, this bond may be cancelled by giving thirty (30) days notice in writing to .................................. .......................................................................................................................................... a~d this bond shall be deemed cancelled at the expiration of thirty (30) days after such notice has been given, and said Surety remaining liable for all or any act or acts covered by this bond, which may have been committed by the Principal up to the date of such cancellation~ under the terms, conditions and pro~sions of this bond~ and the Surety shall, upon surrender of this bond and its release from all liability thereunder, refund the premium paid, less a pr~rata part thereof, for the time this bond shall have been in That the Surety hereunder shall not be liable for any loss which may be sustained through the fiilure of any bank or banks or other depository to pay or deliver over any moneys and securities deposited with it by the g.g. said ............................................................................................................................. which may come into his hands by virtue of his said o~ce. IN TESTIMONY WHEREOF, the said Principal has hereunto set his hand and seal, and the said INDEMNITY INSURANCE COMPANY OF NORTH AMERICA, has caused these presents to be signed by its duly authorized o~cers, and its corporate seal to be hAreunt~ a~d, the day and year first above written· ~ 1...~? ~ (Seal) By... 'D" ""~ ................. COHNTY OF ~ ~: Before me, a..~..ff~thl, ...................... .~ ................................. day ........... .................. a. D. p,r~onally appeared the *aid ............................... ~.~ ~ ~.~ ............................................ to me known and tnown to m* to be the individual de~crlbed in and who executed the foregoing bond, and acknowledged to me that he executed the ~ame. OFFIC~,I~ DIRECTORS PUBLIC OFFICIAL BOND $ ON BEHALF OF IN FAVOR OF Effecii~ Da/e ........................................................................... 193 ......... Expire.r 19 ......... Bond No ................................................................... INDEMNITY INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA . January 1959 before me peisonally appeared .............................................. ~..t......L,-.:......W~-...?.T.,]~...B.-..-I~..Q. ...................... to me known who, being by me duly sworn, did depose and say: That he resides in..._..~..e..~.t...w..°....°.d...z...l~:..~'-'. ................................................ ; that he is Resident Vice President of the INDEMNITY INSURANCE COMPANY OF NORTH AMERICA, the corporation described in and which executed the foregoing instrument; that he knows the corporate seal of the said Corporation; that the seal affixed to said in- strument 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 as Resident Vice President by order of the Board of Directors of said Corporation; ELLA GIER and the deponent salth further that he is acquainted with.;. and knows her to be the Resident Assistant Secretary of said Corporation; that the signature of the said Resident Assis- tant Secretary subscribed to said instrument, is in the genuine handwriting of said Resident Assistant Secretary and was thereto subscribed by order of the Board of Directors of said Corporation and in the presence of the deponent; and the de- ponent saith further that the Superintendent of Insurance of the State of New York has, pursuant to Chapter 33 of the Laws of the State of New York for the Year 1909, constituting Chapter 28 of the Consolidated Laws of the State of New York as amended by Chapter 182 of the Laws of the State of New York for the year 1913, issued to the INDEMNITY INSURANCE COMPANY OF NORTH AMERICA his certificate, that said Company is qualified to become and he accepted as surety or guarantor on all bonds, undertakings and other obligations or guarantees, as pro- vided 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; and that the assets of said Company, unencumbered and liable to execution exceed its debts and liabilities of every nature whatsoever, by more than the sum of Six Million (156,000,000) Dollars. Witness my hand and seal the day and year aforesaid: ~SEAL] N.v. co. elk's uo. ma Ree. Uo. os4~* .... 5 ......... Nas*~u co, cl~', Uo. ~-a-40, ~ea .......... ~..~O1:~ OF BY-LAW BE IT REM~M~Ri~i~,~I~ :~t~regular meeting of the Board of Directors of the INDEMNITY INSURANCE COMPANY OF NORTH AMERICA, duly called and held at the office of the Company, in the City of Philadelphia, State of Pennsylvania, on the 12th day of July~ 1920, a quorum being present, the following By-Law was duly adopted: ARTICLE XlL "S~c~os 1. The President, or ~.ny Vioe-President ~ l~ve power and ,uth..ori.ty.to..ap .l~u~ t~dent Vi~tPrt~oi~ dents, Remdent Aeslstant Secretaries sad tttorn~-Ln:faot, sad to.outhouse t~em.to ,e~.eo}~te suture thereof. S~c'rm~2. ResidentVioe-Presideotstha~havepowersadanth~ri~.tosign~.ndexo~u.te~nbehalfo~theC-omp'sa.y any sad ail bonds and undertakings, reeognizsaoes, oontmets of md~mn.~ty and ot.h.e.r ~v~itt~, obligatory m the n~ture taereo:, aaa to bind the Compm~y thereby aa fully and to the same extent aa the President eoula mae . ~n~t attest an the behalf of the Coronary amy and ail bonds sad undertakings, reeo~n~saees, oontrmots or maemm~y ama o~aer nn~s obligatory i~ {~ ~ature thereof, sad to ~indthe Compamy thereby aa fully and to the s~me extent aa the Seoretery or other attestin~ officer eould bind i~. Sgc~o~l 5. All R~ident Offioere and Attorneys-in-faet are hereby authorized to verify amy a~davlt required to be af~techod to bonos sad undertakings, reeo. gnizanees, contracts of indemnity.sad .other .w.riti.nj~s.o.b. ii.g~te~,l~n gh~e~It~,.t,ur~_,t.h~e_r~vf laws of the Company." FINANCIAL STATEMENT--DECEMBER 31, 1938 ASSETS LIABILITIES *Bonds and Steoke, VsJued aa Required by Reserve for Unpaid Losses .~nd Olaims .............. $12,t53,371.00 Hew York State Inenranee Depsztment...$25,102,621.64 Reserve for Unearned Premiums ........................ 6,541,729.00 Aeorued Interest .................................................... 117,224.96 Aeerued Commleslolls (Hot Due) ...................... 42~,12~.57 Cash in Offioe and Basks .................................... 2,117,793.23 Reserve for Taxes sad gxp~. n..s~.. ........................ 815,000.00 Premiums in Course of Colleotion (No~ Over Reserve for Liquid,flea of Allianoe Casualty g0 Da~vs Due) ................................................2,136,751.29 Company ]~osesa sad E.xpenses....; ............. 349,499.82 322,606.07 Unearne(l Premiums on Reinsurance m Corn- Other Assets .......................................................... psaies Hot Authorized in New York State 22~,652.14 Reinsursaeo Recoverable on Paid and Unp.~.d Losses from Compaaies Not Authorized m Blew York State ............................................ 241,58.5.80 Surplus ........................................................ Total Admitted Assets ................................ $29,796,997.19 Total ............................................................. ~9,796,997.19 *Bonds &~ Amortized Values; fltooke at Market Values. December 31, 1988. O.u the baals of Deoember 31, 19~8, marke~ qao.t~.~o~.ns~f~o~r a~ll 8eourities oarried e.t $1,i99,985.29 ~n the above statement ~re depomted for purposes reqmre~ oy . .................................................................. .................................................................................................. have been appointed Resident Vice- President and Resident Assistant Secretary, respectively, of the INDEMNITY INSURANCE COMPANY OF _. New Yolk, N.Y. that both of said appointments are in full force NORTH AMERICA a, .................................................................................................... , and effect as of the date hereof, that said appointments were made under and by authority of the foregoing By-Laws, which said By-Laws have been compared by me with the originals thereof as recorded in the minute hook of said Com- pany and is a true and correct transcript therefrom of the whole of sections 1, 2, 3 and $ of Article XII thereof and are in full force and effect, and that the foregoing is a true and correct statement of the financial condition of said Company, as of December 31, 1938. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said corporation this 1st d,y~£ January To be attached to and form a part of Public Official Bond No. 200,755, issued by the IND~TT INSURANCE COMPANY OF NORTH A~em~ICA (hereinafter called Surety), in the amount of ~ THOUSAND AND 00/100 ($10,000.00) DOLLARS, on behalf of E. E. LUCE, as Principal, in favor of 0RI~T, N.Y. FIRE DISTRIOT (hereinafter called Obligee). W~WEAS, the 0bligee and the Surety have mutually agreed to decrease the amount of the attached bond as hereinafter set forth. NOW, TWWREFORE, in consideration'~b~f the decreased premttm~ charged for the attached bond in its decreased amount, it is under- stood and agreed as follows: 1. That, subject, to all the rems, conditions and l~mtta- tions of the attached bond, the amount thereof shall be. and the same is hereby decreased from Ten Thousand and 00/100 ($10,000.00) Dollars -to- TH~E. THOUSAND AND 00/100 ($3,000.00) DOLLARS, as to losses sustained after the 1st day of January, 1940. 2. That the liability of the Surety shall not exceed the amount of insurance in effect when the dishonest act resulting in loss shall have been committed; nor shall the liabilityof the Surety for loss occurring during the two or more periods in which different amounts of insurance are granted, exceed a sum equal to the largest amount of insurance granted during the two or more periods in'which the loss shall occur. SIGNED, SEALED and DATED this ~0th day of November, 1939. ACCEPT~u: ORIENT, N.Y. FIRE DISTRICT INDE~TY INSURANCE C0MPAN~ ~OF NOR'I'~ A~.:RICA ~Resident Vies President ~d Attest ~~~ of N.Y. Resident As~ist~t seeret~