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HomeMy WebLinkAboutR-93-0145ARU Amok J-93-148 -_ 2/16/93 9 3 _ 145 RESOLUTION NO. A RESOLUTION AUTHORIZING THE REPLACEMENT OF -- CERTAIN CITY OF MIAMI, FLORIDA STREET & HIGHWAY IMPROVEMENT GENERAL OBLIGATION BONDS, _- DUE DECEMBER 1, 1996, IN THE PRINCIPAL AMOUNT OF TEN THOUSAND DOLLARS ($10,000.00) WITH COUPONS DATED DECEMBER 1, 1991, TO SUBSTITUTE j LOST BONDS AND COUPONS. lvll BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI k.T-- FLORIDA: SECTION 1. The Commission of the City of Miami, Floridar� C+� (the "City Commission") hereby finds and determines that: 1+= (a) The City Commission has received and caused to be examined an affidavit sworn and subscribed to before a notary public on May 28th, 1992, by Dorothy M. Thomas that (i) Dorothy - M. Thomas is the lawful owner, or has a proprietary interest in the Ten Thousand Dollars ($10,000.00) principal amount of City of - Miami, Florida Street & Highway Improvement General Obligation Bonds, due December 1, 1996, bearing 6.00% interest, Certificate — Nos. 883, 887 and coupons dated December 1, 1991; (ii) the , Original Bonds and coupons dated December 1, 1991. have been lost3. - stolen or destroyed; (iii) said Dorothy M. Thomas has no other 4 knowledge or information as to the whereabouts of the Original —= Bonds and coupons dated December 1, 1991 (iv) the Original Bonds CTaY COMMSSION iEETLUG OF MAR 1 1 M3 tim NM 93- 145 0 and coupons dated December 1, 1991 have not been sold, assigned, endorsed, transferred or deposited under any agreement, hypothecated, pawned or pledged, or in any other manner disposed of by or on behalf of Dorothy M. Thomas; (v) the affidavit is made for the purpose of inducing the City of Miami, Florida (the "CITY"), to issue new or duplicate bonds and coupons dated December 1, 1991, in lieu of the lost bonds and coupons dated December 1, 1991, and to hold the City of Miami, Florida and its successors and assigns harmless against any loss or damage sustained by reason of the issue of such new or duplicate bonds and coupons dated December 1, 1991, or the refusal to make transfer of the original lost bonds and coupons dated December 1, 1991. (b) The City Commission has received and caused to be examined one counterpart of an Indemnity Bond, (hereinafter called the "Indemnity Bond"), executed May 28th, 1992 by the National Union Fire Insurance Company of Pittsburgh pursuant to which the National Union Fire Insurance Co. of Pittsburgh is firmly bound unto the City of Miami, its successors, and any other parties vested with powers or duties respecting the Original Bonds and coupons dated December 1, 1991, or the Duplicate Bonds and coupons dated December 1, 1991, (herein and in the Indemnity Bond called the "Obligees") in an aggregate amount sufficient to indemnify the Obligees in connection with the issuance of the Duplicate Bonds and coupons dated December 1, 9 3 - 14 -2- 1991, which shall remain in full force and effect until the Original Bonds and coupons dated December 1, 1991 are returned to the City and are cancelled. Section 2. For the purpose of providing bonds in substitution for the Original Bonds and coupons dated December 1, 1991 under the authority of the Charter of the City of Miami, Chapter 10847, Special Laws of Florida, 1925, as amended, there shall be issued Duplicate Bonds and coupons dated December 1, 1991 of the City of Miami, Florida similar to the Original Bonds and coupons dated December 1, 1991 to the fullest extent feasible, in the principal amount of Ten Thousand Dollars ($10,000.00), consisting of Certificate Numbers 883 and 887 designated "City of Miami, Florida Street and Highway Improvement General Obligation Bonds, " bearing interest at the rate of 6.00% per annum, payable semiannually in each year and stated to mature on December 1, 1996, and coupons dated December 1, 1991. The Duplicate Bonds and coupons dated December 1, 1991 shall be deemed to vest in the holder the same rights, privileges, benefits and immunities and to be subject to the Same limitations, requirements and conditions, as the Original Bonds and coupons dated December 1, 1991. Section 3. The Chemical Bank, in the Borough of Manhattan, City and State of New York, is authorized and directed herewith to cause the Duplicate Bonds and coupons dated December 1, 1991 to be printed and delivered to the City Commission for execution, 93- 1.45 _ j_ pursuant to the provisions of ordinance No. 9129, adopted July 10, 1980 and subsequent resolution(s) authorizing the issuance of the Original Bonds and coupons dated December 1, 1991 by the manual signature of the City Clerk, the facsimile signature of the Mayor, and the facsimile seal of the City. Upon satisfying himself that said Affidavit and Indemnity Bond are in proper form and have been duly executed and delivered and that the Duplicate Bonds and coupons dated December 1, 1991 are in proper form and have been duly executed, the Director of Finance shall cause the Duplicate Bonds and coupons dated December 1, 1991 (with counterparts of the Indemnity Bond and the Affidavit and a certified copy of this Resolution) to be delivered to Chemical Bank, for their delivery to said Dorothy M. Thomas. Section 4. Upon delivery of the Duplicate Bonds and coupons dated December 1, 1991 executed as herein provided, the Original Bonds and coupons dated December 1, 1991 shall be null and void and no longer an obligation of the City of Miami, Florida. If the Original Bonds and coupons dated December 1, 1991 shall be found or otherwise come into the custody or possession of the City or any Paying Agent of the City, the City shall cause the Original Bonds and coupons dated December 1, 1991 to be canceled, shredded and destroyed, and shall cause a signed certificate to such effect to be sent to the Director of Finance of the City, Chemical Bank, and the Paying Agents of the City respecting such issue of Bond. 93- 145 -4- Section 5. All costs and expenses incurred by the City in connection with the issuance of the Duplicate Bonds and coupons F dated December 1, 1991 shall be charged and collected by the City�- from the other of the Original bonds and coupons dated December}"— 1, 1991. Section G. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this llth _ day of March , 1993. XAVIER L. UAREZ, MAYOR ATTES MATTT HIRAI, CITY CLERK PREPARED AND APPROVED BY: RR' EL 0. DIAZ —_ DEPUTY CITY ATTO Y APPROVED AS TO FORM AND CORRECTNESS: A QU J JO E CITY ATTO E - 93- 145 = -. ..... �._._'gym ,h'....r. ,. „ 'e;,•f ....,.. .. . ;_::r ... -... C!r�, nFF MifJA;, FLOPIUtr INTER -OFFICE MEMORANDUM TO Honorable Mayor and Members DATE : R FILE of the CityCommission MAR ���`� sua,Ecr : Agenda Item - Replacement of Fast Bonds Y_ FROM : REFERENCES: _ Cesar H. Odio City Manager ENCLOSURES: j' It is respectfully recommended that the attached Resolution authorizing the replacement of certain City of Miami, Florida 1 Street & Highway Improvement General obligation Bonds, due December 1, 1996, in the principal amount of Ten Thousand Dollars ($10,000) to substitute lost bonds and coupons dated December 1, 1991, be approved. The replacement of bonds lost by holders of City -issued bonds requires City Commission authorization. Dorothy M. Thomas, holder of $10,000,000 in City of Miami, Florida Street & Highway Improvement General obligation Bonds, due December 1, 1996, and coupons. dated December 1, 1991, lost them and has posted the necessary Affidavit and Indemnity Bond to protect and hold harmless the City in regards to the issuance of the replacement bonds. The Finance Department hereby recommends the adoption of the attached resolution to replace the lost bonds and coupons dated December 1, 1991. = / CA- I t- CHEMICAL Chemical Bank 55 Water Strut New York, PAY 10041-0199 212/820-6620 C.T.©. vajWholft llrletlons Room S" June 10, 1992 Carlos E. Garcia Finance Director City of Miami F.G. Box 330708 Coconut Grove Station Miami, FL 33233-0708 Re: City of Miami Fl. 6% Street & Highway Improvement Bond Dtd 12/1/78 Due 12/1/96, Bearer Bonds 883/87 0 $5,000.00 Each Lost Coupon Due 12/1/91 Correspondence Control Number: 92-•707 Dear Mr. Garcia: We are enclosing, for your files, a counterpart of a Sole Obligor Open Penalty Bond of Indemnity and Affidavit of Loss submitted in connection with the loss of the above described security. Should the enclosures meet with your approval, kindly forward to us a letter authorizing us to make payment of the missing coupons without presentation thereof. The enclosed documents have been reviewed and meet with our approval. Very truly yours, nis Rei Ust Securities Analyst DO/dc Enclosures GEOSEM r CMMICALBA" -S-�iM3t�•3t 11 37 60 — 32 Wt V ItllCOKelt bV thitift frMUff, riall Witeut thiUm Me 1x&WuWA CompW of UvA kftha M s a Wr0e>'f~ orWIMd ~ ft lane of the Spa d Now YWk arid it* WAh~ #0 hsnsact RM buslnesa of in wain a and one oft in the Sues of New York and of is and place of btWtess at 70 NAt MIER 0 MW va"t New YMk 10t I otlser Smelt, and f an as Obligor (hereWwrw ceft "Obligor'•) is held and firmly bound uMo MY CP MAIM, FL OMMLBW Y and unto all such individuals, firms and corporations as may now or hereafter be acting as Transfer Agent(s), Registrar(s), Re- demption Agent(s), Deposftary(ies), Trustees and unto any other Paying, Distributing or DjsWrwv Agent or Agencies in respect of the below -mentioned certiicate(s), their resm1ive legal representstives, successors and assigns (herainatter collecovility card ..Obligees..), in an aggregate sum not exceeding the maximum for which Obligor may lawfully obligate ittte ff in respect of tdty single risk, lawful money of the United States, sufficient to indemnity Obligees, their respective legal representatives. successors and assigns, in case of a default under the conditions of this bond as hereinafter Ref forth, to be Maid to Obligees, their respec by pegs representatives, successors or as"gns, as interest may appear; for which payment well and truly to be made the Obligor binds 050, its Iega1 representatives, successor&, and assigns, jointly and severally. firmly by fftese presents. SEALED with ifs seal and executed in I MME counterparts, this tilA day Of pity , to 41 WHEREAS, the Obligor represents that EVJM BMW l3/W @ 0,000.401 MU, MW 03AM EM 12A/91 (such security or securities being hereinafter called "original" or "originals'*). and that the same are miskiid, lost, stolen of rkstroyed and cannot be found Or produced, by virtue of which the Obligor has requeisted Obligees to issue to: a new or duPbC&I9 instrument or instruments, or to pay to SWAM the amount due on said original or originals wMx)Ld surrender or presentation thereof for cancellation or stampfp or for any WW purpose. and WHEREAS, on the faith of the foregoing representation and in consideration W this bond of indemnify. Obligees have c om- phed or agreed to comply with said repuests; NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE, that d the Obligor, the legal representatives„ succae- rors or assigns of Obligor, or any of them, shall in case the original or originals be lound or come unto the hands, custody or power of any of them, or into the hands, custody or power of any corporation, firm or person, deliW or cause the same 00 be dafwared unto Obligires in order to be cancelled, and shall also at all times defend. indeimndy and save harmless OOlipeeel from and against any arid all claims, actions and suits, whether groundless or otherwise. and troen and agaerut any and ON Babb ties, fo w. damages, costs, charges, counsel teen &M other expanses of every nature and character by reason of the ar+drrw or originals and/or the issuance of a duplicate or duplicates to Neu thereot or in lieu of any instrument or instruments of ourporyed like issue and amount w': vh because of alteration, change or counterfeit may nol be identified as of as not the sW mW". taet. skAw or destroyed original or originals, or the making of any payment, credit, transfer, registration, conversion, exchange of delivery in respect of the original or originals without surrender thereof, and/or in respect of the duplicate or dupkcates, wttsttrw or not caused by, based upon or arising out of the honoring or refusing to honor the original or originals when prat an%d by tiny one, and/or whether or not caused by, based upon or arising out of inadvertence, accident, oversight of nepiact On the Dart of Obligees, or any of them, or their respective officers, agents. clerks, or employees and/or omission or failure to inquire into, con- test or litigate the right of any applicant to receive any payment, credit, transfer, registration, conversion, exchange. issue or de- livery in respect of the original or originals and/or the duplicate or duplicates issued in lieu thereof, and/or caused by, based upon or arising out of the release of any security or the satisfaction of any Instrument or Instruments under which the original or ong- ini fs and/or duplicate or duplicates are Issued or secured, and/or caused by, based upon or arising out of any other matter or thing whatsoever, then this Obligation shall be void, otherwise shall remain in full force and effect AND the Obligor, in consideration ole Issuance of new or duplicate tinsfrytrn�l or IttStrl4ment5 hereby agrees with the Oak ... fieds, that. in case apy litigation shall tie sI;kA diri•L+Pty'wis'd relareo to,`iouching or Itffacting the Obligees, or any of them, with regard to the issuance herelnbefore requested, it will be responsible for such litigation on behalf of the Obligees. if so requested by thm. or any of them, and, in any event, wdf pay all costs, counsel fees and charges connected therewith, whether such kb gation shall have been participated in by it or not 9 3 - 145 (12 1017(4-M 1141 OVER 'I1T CMWTY OF NEW YORK . NEW YORK •} sat.. 1, the undersigned IZ aathv AL lhaw- .beint duly sworn. depose and say: I as of legsl age and reside at L-Ukoty Pzaza,.Uew zaak., New VaAk 10006-3609 N su S/ b iA•the County of ___ Beat Vnhb I , State of - -Q - LULL On or about the — 116 : ' _ -___ _ day of VeCgmheA . 19 9._.,..terrain securities (hereinafter called the Securities) more particularly described'as C:L'rY CP MLW EL 6% ME= AM HIGHW DFROMM BM DID 12!1/78 U E 12/1/96 BMM BMM 883/87 @ $5,000.00 UM, Lwr c7a7Pw lE 12/1/91 ragistered in the ttsme of (Io4icate it in better total.) BEAM *we lose, stolen or destroyed under the following circumstances: (Describe clearly and in detail the eiecmrnscaaees under which the Securities ware lost, stoles or destroyed, tee place where they •ere lost knows to have bona located, and the efforts made to recover them) !:wept as stated above, 1 have no knowledge or information as to the whereabouts of the Securities. The sole and absolute owner of the Securities is Micaw by i which of the foilowieg is applicable, and, if "Q" or "C". iesart the required informatics.) O(A) the undersigned. (fig) Mphhdl Lunph piumc, FpnneA_ 9 SmL h Inc - a Corporation duly organised under the laws of the State of Nput ynhb . having its principal office air 1 UbqAtU Rtaza New yonk New Vo;ek 10006-3609 and Eam an executive officer. to -wit, the UpA "nsnated Emrptnuee of said Corporation and duly authorized by said Corporation to make this affidavits .- . a co-psawership `, tho V"detsigrred XaAatfiV. 1h{lma4 Wing duly sworn, dipose and say: ( sin of legal age and reside at06J602 lu-*@ County of _..,.New Vahk I , State of Now Vnhh- Om or about the 1 df: ' day of DeeefnbeA 19 90 certain securities (barainafcer called the Securities) mote particularly described'as ee r = r •.� ♦ r r r ,..e :s s t is s . : y •,y• :e s. c a �.� y --lugs KORKRUM mSistered in the name of (ladicete it in better fora.) BEAR Woo lost, stolen or destroyed under the (alloying circurnstsnces., (!Describe clearly end in detail the eir.uastances under which tie Seattities were lost. stoles or destroyed. the place where they were last It"we to have bees located, sad the e(tocts made to recover diem) itcept as stated above, ! have no knowledge or information as to the whereabouts of the Securities. The sole and absolute owner of the Securities is Undieate by a which of the following is applicable, and. if "B" or "'C". insert time required isformstics.) Q(R) the undersigned. 09) A U-4i1 Lunch E x" Eenklm 6 Smith TUC---. a�orpoeatiare duly organized under the lags of the State of 11lpw drank , having its principal office at- J Ubgag Mza. New Yo)tk. New Vonk 10006-3609 and Gast an executive officer, to -wit, the APAIgail-ted EmpLayepe of said Corporation and duly authorized by said Corporation to make this affidavit. Do , a co-parutersbip doing business under said name. having its principal office at and i ant a general partner of said firm. Except as hereinafter specifically stated, neither the Securities nor any of the rights represented thereby have beeu•sold, assigned, endorsed. transferred or deposited under any agreement or subjected to any hypothecation lien or pledge, or in any other manner disposed of by or on behalf of said owner and neither said owner not anyo .e on -behalf of said owner has executed any power of attorney, stock power or other assignment or authorization in respect thereof which is now outstanding and in force; and no person. firm or corporation other than said owmem has any right, title. claim, equity or interest in or to the Securities or any of the rights represented thereby. (Describe fully any excepticas to the foretoist) This affidavit is made for the purpose of inducing CT1y CF MIAMI, EL ,k PA tseseated . (1) to refuse co ham ebr 5eru:fsis�•s�'�� _ by anyone other than said owner for transfer, payment. exchange or otherwise. and (2) to issue sspl cemecu securities Jn lieu thereof or to make the transfer, payment, delivery or exchange to which said owner "'swirled ,, %,04 the Surrender of the Securities. Syf:scribsd d o*otn before cp me pnp pkLb on ttte _..• g +-..,- da of Au.�IIOAized S�gf +� `-�s s' ;k� Cpnaiassorexpires on > 19______, . a►nidavi,t Oust be Subscribed and sworn to brfore a Notary Public or other officer qualified to 'Such ?+tY Public (or orheR,officrr) onus& &(fix his seal of office uad stars the tiace,y ,.c �. if .ray. ash rQiich his rorctcsl,e'sidq repass. if executed outside dam State of fVcw York. a +Cowcry Cls7fc's;� .ertitka►te for atltr,r co Ri "t amrthearicattioo) evidencing the autlarity of they l+)ocmmvy Public (at other; trtficart) to a4ca Amt+ac her a�esachsd rota each cairrtsr -- Wtt of this atfidovic.., _ Vj- 1 40 3 American Home Assurance CompK _l PO" R OF ATTORNEY ational Union Fire Insurance Company of Pittsburgh, Pa. P-v^rvl rksttd Office: "19 Pine street. New Y-)rt, N N' KNOW ALL MEN BY THESE PRESS' I'S: T'l+At .�mencnn Home Awursnee Company, a New Yobs corEywit+ r and `-atinnaf t;nion fire insurance ( or^pam f Pittshurgh. Pa.. a PenncyF.anra . ra! , - +t,es !A-h htrchy s eine ik'iirtam J. Paterno, Norma Cruz, Debra Carnegie -Deming, ti'incent Moy, Michael Ferrcir:a: (if N- 'cw• York, New York--- r.-c and 1aa-ful :attorney+s-'n.i-a:*.. x;th fUO au:honty to execute on its !+ehalf bonds, inflerlakirip. rcc,lrnvan:es And other rnntrocta of indemnity and tttnss kn*c;ry in the natur ther_c f. ;uue,i n ,hr .,uTSe ref is husmcm, And to hind the respective cornpanc thcrcha. I N WITNESS WHEREOF. American dome Assurance Ca:mpany and National Union rire insurance- Company of Pittsburgh. Pa. have -each executed ~tse ;'rrsenta S ATE OF NTM YOF?X ) COLN`I'1t' OF NEWW YORK)ss. On this _6 day of A r� , 19.2, before me came the above named officer of American Ilome Assurance Company and National Union Fire insurance Company of Pittsburgh, Pa., to me personally known to be the individual and officer described herein, and acknowledged that he executed the foregoing instrument and affixed the seals of said corporations thercto by authority of his office. this _.(_day of April .1,999", Ail(" C Mark E. Rcalgan, S4 jior Vice President 70SPH A. NOZZ000 Ndwy P o:,e, St.";. co .uw Yoses Na 01•NO4652754 Quatif-ad m w•stchesh,r ,(,;gray Iarm Explres Jan. 31, . ,.... CERTIFICATE I:rrerpts of Resolutions adopted by the Boards of Directors of American Home Assurance Companyand National Union Fire Insurance Company of Pittsburgh, Pa. on May 18, 1976: 'RESOLVED, that the Chairman of the Board, the P_rcsident, or any Vice President be, and hereby is, authorized to -appoint Attorneys -in -Fact to represent and as I,. r and on behalf of the Company to execute bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature thereof, and to attach thereto the corporate seat of the Company, in the transaction of its surety business; -RLSOL T-D. that the signatures and attestations of such officers and the seal of the Company may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Attor9ey or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company wfien so affixed with respect to any bond, undertaking, recognisance or other contract of indemnity or writing ob!igatory in the nature thereof, "RES01Yt--D, that any such Attorney -in -Fact deli,,•ering a secrctana) certification that the foregoing resolutions still be in effect may insert in such certification the date thereof. said date to t?e not later than the date of delivery thereof by such Attorney -in -Fact.' 1. i'lirabeth M, Tuck, Secretary of amcncan I lane Assurance Company and of National Union Fire Insurance Company of Pittsburgh, Pa, do hereby certify that the f ;rcgi,mg excerpts of Resolutions adopted by the Boards of Directors of these corporations, and the Powers of Attorney issued pursuant thereto, are true and correct, and that both the Resolutions and the Powers of Attorney are in full force and effect. IN' WITNESS �MEREOF. I have hereunto set my hand and affixed the facsimile seal of each corporation r 1 4 this r`tt say of June 1992 Elizabeth M. Tuglaretary - 145 National union Fire Insurance Company of Pittsburgh, Pa. Executive Offices 70 Pine Street New York, NY 10270 FINANCIAL CIAL. STATEMENT ENT as of December 31, 1991 ASSETS Bonds................................................................... $3,271,785,327 Stocks..................................................................... 925,404.189 Collateral Loans ..................................................... 20,000,000 Cash and Bank Deposits ....................................... 166,986,644 Agents Balances or Uncollected Premiums.......... 1,773,563,267 Funds Held by Ceding Reinsurers ......................... 29,813,601 Reinsurance Recoverable on Loss Payments ....... 428,390,251 Comppaannyy's Interest in Arts of AIUA and AltJOA................................................................ 23,463,100 Other Admitted Assets ........................................... 690.665,619 TOTAL ASSETS ...................................... 7.320,071,998 4Mwormwide Bondi" LIABILITIES Reserve for Losses and Loss Expenses ................ $4.544,561,465 Reserved for Unearned Premiums ......................... 887,261,993 Reserve for Expenses, Taxes, Licenses and Fees ................ I ................. I......... 19,260.102 Reserve for Unauthorized Reinsurance ................. 40,961,498 Funds Held Under Reinsurance Treaties ............... 73,255,188 Other Liabilities....................................................... 333,823,120 CapitalStock.......................................................... 4,478,750 Surplus................................................................... 1,416,469,862 TOTAL POLICYHOLDERS` SURPLUS ................................................ 1,420,948,632 TOTAL LIABILITIES AND POLICYHOLDERS` SURPLUS ............... 7,320,071,99,9 Bonds and stocks are valued In accordance with the basis adopted by the National Association of Insurance Commissioners. Securities carried at $353,064,558 in the above Statement are deposited as required by law. CERTIFICATE EUZABETH M. TUCK, Secretary and MICHAEL J. ICASTELU, Comptroller of the National Union Fire Insurance Company of Pittsburgh, Pa. being duly sworn, each for himself disposes and says that they are the above described officers of the said Company and that on the 31st day of December, 1991, the Company was actually possessed of the assets set forth in the foregoing statement and that such assets were available for the payment of losses and claims and held for the protection of its policyholders and creditors, except as hereinbefore Indicated, and that the foregoing statement is a correct exhibit of such assets and liabilities of the said company on the 31 st day of December, 1991, according to the best of their information, knowiedge and belief, respectively. Secretary STATE OF NEW YARK SS.: COUNTY OF NEW YARK On this 30 Day of Aprd , 19 92 . Sefwe me came the above named officers of the National Union Fire Insurance Company of Pittsburgh, Pa., to me personally known to be the individuals and officers described herein, and acknowledged that they executed the foregoing instrument and attired the seal of said corporation thereto by authority of their office. 31079 (4/92) Comptroller JOSEPH B. NOZZOLIO Notary Public, State of New York No. 01-N04652754 9 3 — 145 Qualified in Westchester County Term Expires Jon. 31, 1994 State of --- County of I On this day of _ _ . 19 ._._., before me personalty came to me known, .e and known tome to be the individual described in and who executed the foregoing instrument, and acknowledged to tree that he executed the same. My commission expires — -- Notary Public ................................................................................ ..-----........ State of ss. County of - On this.— day of 19..._, before me personally came to me known and known to me 0-1 Qto be a member of the firm of described in and who executed the foregoing instrument, and he thereupon acknowledged tome that he executed the same as and for the act and deed of said firm. My commission expires Notary Public ...........................................................-----............................. State of County of fe On this day of ,19 _, before me personally carve to me known, who being by me duly sworn, did depose and say that he is the Q of the corporation described in and which executed the above instrument; that he knows the seal of said corporation; that the seat affixed to said instrument 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 by like order. My commission expires - Notary Public ................................................................ .......................... State of New York ss. County of New York « On this 4ih day of , June , 19 92, before me personally came Vincent Moy _ to me known, who, being by me duly sworn, did depose and say that he is an attorney -in -fact of National Union Fire Insuratnce Company of Pittsburgh, PA Qthe corporation described in and which executed the within instrument; that he knows the corporate seat of said corporation; that the seal affixed to the within instrument is such corporate seal, and that he signed the said instrument and affixed the said seal as Attomey-in•Fact by authority of the Board of Directors of said corporation and by authority of —this office under the Standing Resolutions thereof. ROBERT S. REID NOTARY PUBLIC, Seto of NOW York My commission expires � .^.4-P='7P1rrf'��d""°i°� T i45 6-22 (12.75) Ou3iilio'� Notary Pub n P.-Ir2s �O.l ilj, Commission Apr;l 20, 1994 9 3 �- 3305r By 3037(4%a3) I iyG t4