HomeMy WebLinkAboutR-91-01953-91-151
1/12/91
PtESOLUTION NO. 9 1 — 19 5
A RESOLUTION AUTHORIZING THE REPLACEMENT OF
CERTAIN CITY OF MIAMI, FLORIDA STREET AND
HIGHWAY IMPROVEMENT GENERAL OBLIGATION BONDS,
DUE MAY 1, 2001, IN THE PRINCIPAL AMOUNT OF
FIVE THOUSAND DOLLARS ($5,000.001) TO
SUBSTITUTE LOST BONDS.
BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI
FLORIDA:
SECTION 1. The Commission of the City of Miami, Florida
(the "City Commission") hereby finds and determines that%
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(a) The City Commission has received and caused to be
examined an affidavit sworn and subscribed to before a notary
public on September 18th, 1990, by Security Pacific/Sequor Group,
that (i) Security Pacific/Sequor Group is the lawful owner, or
has "a proprietary interest in the Five Thousand Dollars
i
($50"000.00) principal amount of City of Miami, Florida Street and
? Highway Improvement General Obligation Bonds, due May 1, 2001,
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bearing 8.9% interest, Certificate No. 945; (ii) the Original
? Bonds have being lost, stolen or destroyed;
g y (iii) said Security
Pacific/Sequor Group has no other knowledge or information as to
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the whereabouts of the Original Bonds; (iv) the Original Bonds
have`not been sold, assigned, endorsed, transferred or deposited
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under any agreement, hypothecated, pawned or pledged, or in any
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i other manner disposed of by or on behalf of Security
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Pacific/Sequor Group; (v) the affidavit is made for the purpose
of inducing the City of Miami, Florida (the "CITY"), to issue new _=
t or duplicate bonds in lieu of the lost bonds, and to hold the
s City of Miami, Florida and its successors and assigns harmless
against any loss or damage sustained by reason of the issue' of
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such new or duplicate bonds, or the refusal to make transfer of
the original lost bonds.
- cm,
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� or
MAR 14 19
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777
(b) The City Commission has received and caused to be
examined one counterpart of an Indemnity Bond, (hereinafter
called the "Indemnity Bond"), executed October 2nd, 1990 by the
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Federal Insurance Company pursuant to which the Federal. Insurance
Company is firmly bound unto the City of Miami, its successors,
and any other parties vested with powers or duties respecting the
Original Bonds or the Duplicate Bonds (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, which shall remain in full force
and effect until the Original Bonds are returned to the City and
are cancelled.
Section 2. For the purpose of providing bonds in P
substitution for the Original Bonds under the authority of the
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Charter of the City of Miami, Chapter 10847, Special Laws of
Florida, 1925, as amended, there shall be issued Duplicate Bonds
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of the City of Miami, Florida, similar to the Original Bonds to
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the fullest extent feasible, in the principal amount of Five
Thousand Dollars ($51000), consisting of Certificate Number 945-,
designated "City of Miami, Florida Street and Highway Improvement
General Obligation Bonds," bearing interest at the rate of 8.9%
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per annum, payable semiannually in each year and stated -to mature
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on May 1, 2001.
The Duplicate Bonds shall be deemed to vest in the holder
the same rights, privileges, benefits and immunities and to be
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subject to the same limitations, requirements and conditions, as
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the Original Bonds.
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-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 to be printed and delivered to the
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City Commission for execution, pursuant to the provisions of
Ordinance No. 9129, adopted duly 10, 1980/ and subsequent
resolution(s) authorizing the issuance of the Ort it aI Bonds, by
the manual signature o the City Clerk, the facsimile signature
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of the Mayor, and the facsimile seal of the City,"
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Upon satisfying himself that said Affidavit and Indemnity
Bong are in proper form and have been duly executed and delivered
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and that the Duplicate Bonds are in proper form and have been
duly executed, the Director of Finance shall cause the Duplicate
Bonds (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 Security Pacific/Sequor
Group.
Section 4. Upon delivery of the Duplicate Bonds executed as ',
herein provided, the Original Bonds shall be null and void and no
longer an obligation of the City of Miami, Florida. If the
Original Bonds 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 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,.
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and the Paying Agents of the City respecting such issue of Bond.
Section 5. All costs and expenses incurred by the City in
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connection with the issuance of the Duplicate Bonds shall be.
charged and collected by the City from the owner of the Original
Bonds.
Section 6. This Resolution shall become effective
immediately upon its adoption.
PASSED AND ADOPTED this 14th day of March
„
t
XAVIER L.(!UPREZ, WxYOR
AT S
Y HIRAi, CITY CLERK
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PREPARED AND APPROVED BY: APPROVED As TO FORM AND
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G'1'NE
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_`�' J G L. ERNI�NI?EZ
RAPHAP0 � I
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CHIEF ASSISTANT CITY ATTO Y C TY ATT zY
:
7
CITY OF MIAMI, FLOAIbA
INTER -OFFICE MEMORANDUM CAn17.
to: Honorable Mayor and Members DATE . FILE
of the City commissionFEB 2 71991 ;
l SUBJECT 12
Agenda Item - Replacement `
if of most Bonds
REFERENCES:
FROM
Cesar H. odio -
City Manager
ENCLOSURES:
a
RECOMMENDATION:
It is respectfully re commended that the attached Resolution
authorizing the replacement of -certain City of Miami, Florida
Street and Highway Improvement General Obligation Bonds, due May
1, 2001, inthe principal amount of Five Thousand Dollars
($5,000) to substitute lost bonds, be approved.
BACKGROUND:
The replacement of bonds lost by holders of City -issued bonds
requires City Commission authorization. Security pacific/Sequor
__ __- - -- _t ..___a ln'l— "At. C+-rue+- anA
IRM
CIF*MfW
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Fir`ritricial Services Division
sts. Cuaorner Servkes
9ohdholder rlelatlone UnN
56 Mtet Strobl, New Y&k, NY 10041
Tel: (212) 8"20
December 4, 1990
City of Miami, Florida
Attn: Director of Finance
P.O. Box 330708
Miami, FL 33133
Re: City of Miami, FL
8.9% Street and Highway Improvement Bond
Dated 5/l/83 Due 5/1/2001
Bearer Bond 945 @ $5,000.00
Lost Coupon Due 11/1/93
• Correspondence Control Number 9-653
Gentlemen:
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 coupon
without presentation therof.
The enclosed documents have been reviewed and meet with our
approval.
very truly ours,
Dennis O'Reilly
Lost Securities Analyst
DO:ca
Enclosures
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CKMICALBAK
97084-67
"Sole Obligor Opm Penalty Irtdem My Bond
cv fM All4&ft hV t499911r9litUtS, that
1�L�D SAL 11(sumeri COWPA"
a corporation organized under the laws of the State of A"Ad duly aufftodbilid 10
transact the business of insurance and Suretyship in the States of New York and
! among other States, and havtnp an
of ice and place of business at 100 William Street
Obligor (hereinafter called "Obligor") is held and firmly bound unto
CITY OF MIAMI, FL
CHEMICAL BANG
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), Depositary(ies), Trustees and unto any other Paying, Distributing or Disbursing Agent or Agencies in respect
of the below -mentioned certificate(s), their respective legal representatives, successors and assigns (hereinafter collectively called
"Obligees"), in an aggregate sum not exceeding the maximum for which Obligor may lawfully obligate itself in respect of any
single risk, lawful money of the United States, sufficient to indemnify Obligees, their respective legal representatives, successors
and assigns, in case of a default under the conditions of this bond as hereinafter set forth, to be paid to Obligees, their respective
legal representatives, successors or assigns, as interest may appear; for which payment well and truly to be made the Obligor
binds itself, its legal representatives, successors, and assigns, jointly and severally, firmly by these presents.
SEALED with its seal and executed in . TWO counterparts, this 2nd
day of October .19 90
WHEREAS, the Obligor represents that
CM OF MIAMI FL 8.9% STREET NO HIGHWAY 1NPROVEM-T BOND DM 5/1/83 DUE 5/1/2001 BEARER BOND 945
@ $5,000.00, LOST COUPON DUE 11/1/93
(such security or securities being hereinafter called 'original" or "originals"), and that the same are mislaid, lost,
_
stolen or destroyed and cannot be found or produced, by virtue of which the Obligor has requested Obligees to issue to -
SECURITY PACIFIC CLEARING & SERVICES CORP.
anew or duplicate instrument or instruments, or to pay to SECURITY PACIFIC CLEARING & SERVICES
CORD ,
the amount due on said original or originals without surrender or presentation thereof for cancellation or stamping or for any
other. Purpose; and
WHEREAS, on the faith of the foregoing representation and in consideration of this bond of indemnity, Obligees have com-
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plied or agreed to comply with said requests;
NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE, that if the Obligor, the legal representatives,•sucGes-
sors or assigns of Obligor, or any of them, shall in case the original or originals be found or come into the hands, custody
or power of any of them, or into the hands, custody or power of any corporation, firm or person, deliver or cause_ the same to
be delivered unto Obligees in order to be cancelled, and shall also at all times defend. indemnify and save harmless Obligees
from and against any and all claims, actions and suits, whether groundless or otherwise, and from and against any and all liabiti-
On. losses; damages, costs, charges, counsel fees and other expenses of every nature and character by reason of the original
or originals and/or the issuance of a duplicate or duplicates in lieu thereof or in lieu of any instrument or instruments of purported
like issue and amount which because of alteration, change or counterfeit may not be identified as or as not the said mislaid, lost,
stolen or destroyed original or originals, or the making of any payment, credit, transfer. registration, conversion; exchange or
delivery in respect of the original or originals without surrender thereof, and/or in respect of the duplicate or duplicates, whether,
or not cauW by, based upon or arising out of the honoring or refusing to honor the original or originals when presented by any-
one, and/or whether or not caused by, based upon or arising out of inadvertence, accident, oversight or neglect on the part of
Obligees, or any of them, or their respective officers, agents, clerks, or employees and/or omission or laaurg to inquire into, con-
test or litigate the right of any applicant to receive any payment, credit, transfer, reQiStration, conversion, exchange, issue or do
livery in respect of the ongrnal or originals and/or the duplicate or duplicates issued m lieu therepf,.ar,dlor"seuaod oy, based upon
or arising out of the rQleasB of any security or the satisfaction of any instrument or instrument & under.Which the origtgal or prig
inals'and/or duplicate or duplicates are issued or secured, and/or caused by.. based upon or arising out of any other matter or
thing whalsoovtfr. then this Obligation shall be void. otherwise shall remain in full force and effect. :.
AND the 001for. in cony erattion;of the issuance of new or dupbCale instrument qr instruments hsreptr braes with the Obli
.
goes,,hJ.tt;+fesd >}riy ttgation shall t?e instituted in anywise related to, touching or affecting the C9pll�e@s, or any of;_them. With
rsKj, a[f tt?�ikie issuanll laere�ntQre r}�ies1 ad , d Brill be resPonsibie for such iitigation on btfhaq of the E?1tKt. so r+dgges!7,.
th@n tar Any of ahem end, to .any evont, aril) pay.all costs, counsel fees 4niil charges corinecled therewith. whether Ouch'41
3itition She►! •have ow Rari►pipatad in by if or not.
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a 1t3lS4a791$ OVER ',��
The Obligor further agreed in case the mislaid, lost, stolen or destroyed bl bi i�tt li f$ fbUnti of colt° into IhA
hands or pourer of any Berson, or into the hands, custody or power of the Obflg 'or AM Of therlt fpr AN purpose other than
cancellation without reissue, then the Obligor will forthwith, on demand, obtain and deliver to the Obligees either such Original
or originals or said new instrument or instruments or will pay to the Obligees a sum of money Sufficient to enable the Obligees
to purchase In the open market Securities of the same issue and amount as the original or originals.
The Obligor agrees that, in case of any default under "111% conditions of this bond, it waives and releases any and all right or
claim against Obligees or any of them, whether by way of subrogation or otherwise, for any loss, expense or liability incurred by
the Obligor caused by, based upon or arising out of the enforcement of this bond by Obligees or any of them.
The Obligor agrees that its liability hereunder shall be absolute, subject only to the conditions herein expressed.
No inaccuracy in the description oethe securities referred to as the original or originals shall alter, modify or affect the obiiga-
bons of the Obligor hereunder.
This bond shall be deemed a New York contract and shall be governed as to all matters whatsoever, whether of validity,
interpretation, obligation, performance or otherwise exclusively by the laws of the State of New York, and all questions arising
with respect thereto shall be determined in accordance with such laws. Regardless of where actually delivered, this bond shall
be deemed to have been accepted by the Obligees in the State of New York.
The Obligor hereby further agrees to furnish Obligees, without expense to Obligees, a new Bond of Indemnity, which may
differ from this Bond in amount or in any other respect, with satisfactory surety or sureties in case this obligation should not at
any time for any reason in the opinion of Obligees afford sufficient protection.
MISRAL IUSURANCE COMPANY
Br
Attorney -in -Fact i
P0W9A OF ATTOANNY -
KrIew All Mon thm P fOsiahts, Tr
b't► F'EdERAL IN>><UpANCte COMprINIi1,16 Mwntitn . 'W,11V6tPAh, NAV► Jerbey, An Indiana t'arporatton,
.hit tonbtitt#M And 1110"int4d And do4b hereby COAstttUte and i000.lAt Mark A. Oddi6y Christopher J. Prr�tiklin, Malcom
Curt♦ay-►,+ Dorothy Kern, Malrie Hughaa, Gail Victor, Nancy Villano and Elba Santiago of Nov Yorkil
l� ��IC IfGiYilli�.is iiYWiGlliifi WfY,YIiY,YIi,YiJ►YiiiYWY`ii.iYiiifl, iYYWrY111ti.�in ii.Q..iMi WwliiiiYi Yi,iYiYI.YUY.if N�,YWtnw�rYdYiYWl�in.YYY,�.1."�i-riiii.iYii,Y.a114t YiWii��illiilil NYY1WIC
eAt: A�&r Iswful Attibm"In-FACT lc 09ftUte under such deli Aation ill Its nAfne and to Affix ftt 06MO16t4 8e61 to and deliver for and on its b0ill Any And
fill Lost instrument Bonds wherein the said PEDEAAL IN9UNANCI COMPANY is named as Obligor.
M WNneN 1Yftsriof, ►nor Mid M01111AL INSURANCE COMPANY his, punluent to its Brl wi. caused Mesa p►NMft to be Signed by ffa Vim Pteeldam and ANietirn Sfttmry and ha torim"fl aaat to to hlfafd
amend this 1 f3 t day d May to 90
f:+
Coil NY
�/�3i �Jittt�1-401.1 '010-16��
A Mph, inn! D. Olson
AaalalaM visa P 40" t
OMAtt OF NEW YOM
County of New Writ N.
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On this 1 S t day ofMay It 90 Sabra me oeeonasy Gant Richard Night. to me known surd by me known to be AWWM Sam" of the FEDERAL INSURANCE
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COMPANY. the Cmporatan described in and which executed the bngoirp Power of Attorney and the said Richard Hight bekrg by me duly swan. did A poaa and Say this he is ANietant Secretary of the FEDERAL
INSURANCE COMPANY and knv" the Corporate Nat thereof; that the Nat affixed to the foregoing Power of Anomey is such eorpaaI seal and wait therelo of ed by su~ty of the Brkawe of said Company
and that he signed said Power of AhorMy as Assistant Secretary of said Company by like authority; that he Is apuatrtted with James D. Olson and knows him to be Vim PrNidem of Mid Company, and that tee
sgnatun of Nld Jam" D. own subscrbed to ad Power of Attorney is in the genuine handwriting of sold James o. Dixon and was therafo subscribed by authority of said By-laws and in deponaet's onNnte
y T. . Woi Acknowodpe0 and Sworn to betas me
t, on the data above wrNenNOTARY
me —(fir ptiftc
wry E.111199111VIbke
OR Nt'N Notary awn of New York No. of
OuailNd Ouane County — Cordffcosa god in County
Comml- on Espkea June 30L tee0
Financial Statement of Federal Insurance Company as of Oedember 31, 190
IN THOUSANDS OF DOLLARS
STITUTM. SIISIS
LIABILITIES AND
ASSETS .. SURPLUS TO POLICYHOLDERS
United States TFeasury Bonds . ....... 5 389,271 Oulitarlding Lasse and Lass Expenses .. i 2,888 438
United Slates Government and Federal Unearned Premiums .................. 833,501
Agency Guaranteed Bonds ........... 322,546 Aticrued Expensea-R .. . . .............. 74,351
State and Municipal Bonds 1,876,348 Non,Admitled Reinsurance.42,658
Other Bonds 451,754 DWIderlds Its Policyholders ............ 23,84o
Common Stocks ..................... 268,469 Lass PWMio TMnoter ................ (141.024)
Preferred Stocks ..................... 240 Other LWWNties...................... 180.214 ,
Other Invested Asseb............... 57,836
Short Term Investments ..... 33,333
Real Esafe ... 5,401
TML INVESTMENTS .............. 3,385,228 TOO AL LIABILITIES ................. 3.88t;459
Investments in Affiliates: Capital Stock ........................ 13,987
Vigilant Insurance Company .......... 173,621
Great Northam Insurance Company ... 55,990 PaWn Surplus ...................... 472.986
Pacific Indemnity Company .......... 288,784
Bottomed Development Corporation... 336,518 Unassigned Funds ................ 457,187
C.C. Canada Holdings Ltd ........... 62.616
Other ............................ 48,140 Unrealized Appreciation of Investments .. 340.463
Cash .............................. 13,121
Net Premiums Receivable ............. 428,505 SURPLUS TO POLICYHOLDERS ..... 1,292,623
Reinsurance Recoverable on Paid
L B"s ..... 45.962
Other Assets ........................ 137.578 TOTAL LIABILITIES AND SURPLUS
TOTAL ADMITTED ASSETS .......... S 4,974.081 70 POLICYHOLDERS ..... S 4,974.001
investments are valued in wr-rdan— w&% P...,a...-.195
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NOTARIAL ACKNOWLEDGEMENT
CITY, COUNTY S STATE OF NEW YORK, as
On this grid ..- _ day Of October. tg 90, before me personally Came
Maria_ HmsLny� i
to me known, who, being by me duly sworn, did depose and say that he Is aft' No -t 61�_
the FEDERAL INSURANCE COMPANY, the Corporation described In and which executed the annexed instrument; that he knows the Co'that it
was so affixed by order and authority of the Board of Directors of said corporation, and that he signed his mama thereto by like order and auth67+ity.
Notarial sail E1.1A SANVAGO a awom �,�n
NOTARY PUBLIC, State of Nevi tjk on the dm
No. 48-45450
Qualified in Bronx ciurtty
Certificate Rlod in New York County Public
ComRfll w Expires Jamlery 31, 1992 Ir
STATE OF NEW YORK l a CERTIFICATION
County of New York I
1. the wWen tgna0. Ani tent Secretary of the FEDERAL INSURANCE COMPANY, do hereby anfty that the tolowNq Is a tnrs excerpt from MN syuwe of the sad Company as adopted by fat Board of Directors
on March 2. 1990 and Mal Ma Sy4.aw is in full fora and eMed.
••ARTICLE XV9L
Section 2. Atl baWs. undeAakhga, conbacte and 0ttW k*vwmnN ottw Man a above for and on behallof Ow Comprry whidr Nis authorized bylaw of IN charter to execufa. may and shal be eaftuw
in the name and an batraM of Mrs Company sitter by dra Grakrrnn «are via Chaimrrr or the Praaidant «a vice Ptealdem jokNy with tM Secretry of an AssfmWlt Sarntary: uirear Mrek raspsctfw
dagnetane, aiapt that terry one a moea offian «atbrtNys Yrfact deaipnaNd M try ►Solution plow Board of DNectots «the Exaarliw Commill se. «in any powr of att«ney executed a provdW
W in Section 3 Delow, may execute any such bond. undrta" «order obapaan as provdsd in such resolution or poww of ey.
Section 3. AN power of attorney for and on behaM of the Company may and MWI be el,eaiNd In Vw name ntd on b@W of M» Company. elMr by pre Chairman of the via Chairman or the Pre AWM
or VIM Prsaidenrt or an Assistant via President jointly with MN Secretary or an Ambient Secretary. under Nair rwpeetMe damiprratlpr That Mprrhre of such 0111c may be argrared prinls0 or - , nrm0 -
Tho aipnatum of each of fha WWwkrp ollim : Chairman, via Chairman, President, any Via Prent any
Aaiearrt via an PtsaidetN y seaowV. try Aebm m aeentay and fM aW of ft Canpany
nay be afftred by faCaktrNt to any powM o1 sprnsy «Io NW Halal - teWNq theappoMSlnC Aabstant Se«etarles o►Aaarreyrb•Faef IN purposes only of executing and ataeMtq bonds bred urwNnak-
inpe and othr wrlm obNpro y Ir► thenmare threot, and any much pow« of attorney Or WWICMM bearing such hcesirele siprrshes Of ImainMs nd SW be mad and binding upon the Company antl
any such powr so executed and uerMamd by such awmw alOrrslue and I t , I Ile cab shard be vald and ardNg upon the Company with 1Mpmd to any bond or undertaking 10 wnfeh N is attached."
the U above of America, nlehl- of
wtdr o1 the Provir�ioes �Catradb wMh the rcaptlet►C W Ftµinaar Fehwd duty MMasufW btd Nilmo witinew � to ioaeaioand surety, business MM s� y t Ow Sulan dirrdbebldnps. pamrNted « requksd pyColunrbN. Puerto taco. am ..,f
1. ft undemigned AUNUM Secretary of FEDERAL IIgYRANCE COWANY, do Araby arlly 00 the )regoYg Power of Harney bin kill rotor a d alOwL
ctAwtr wiar my Ana and the sw of .ad Company at warn NJ.. • 2 nd ay, d October 19 90
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fPr Hight Aebmtrrl
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...- ,,,.. 02— 4-011a N.Y. REG. MAIL
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1 Aq PwlnbeJ $e sefljjo4lne luawwwto6 411M pej!sodep eke fjp n penjeA puew
'S/eU0(igIWUJOQ a3uninsul;o UOl1EI*OSSy ISU011ew a,, leaiwl
In erumrsunl►s• -_.. .. }
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A. •�r c
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?; I, the undersigned.
AanAt-a . A An nnof f
being duly sworn, depose and say' that she is an officer of the corporation Secntity
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,,,..,ay
in -the County of __Cook , State of Illinois _
t, On or about she
__Tth�_ d av of 4X4gj.,_. , 10 . ar T certtift se•eurities
(hereinafter called the Securities) more particularly described'as__
�1T'f O PM.;1.1 F1_ 1,.',1 :;Tqr a►,p HIGAM 1TMJ'V?•�"iT 3U DR) /i/; ��.;� 5/i/2 ii�) 3r.� E�i "3ci�;'::j45
-X0!,Pa4 DID
registered in the name of (Indicate if in beater form.)
i
- HARER
were Yost,, stolen or destroyed under the following circumstances:
Yob.
1 (Describe clearly and in detail the circumstances under which the
Securities were lost, stolen of destroyed, the place where they were r
i last known to have been located, and the efforts made to recover them.)
v
Except as stated above, I have no knowledge or information as to the whereabouts of the Securities.
i
The sole and absolute owner of the Securities is
(Indicate by ® which of the following is applicable, and, if "B" or "C", insert the required information.)
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i
0(A) the undersigned.
xFxkR) . Security ty Pacific gezunz a Corporation
i llinos having rc
dilly organized under the laws of the State of Ig itsPinci Pal offie
at, 33 •East Congress Pkwy. and,
Vam an executive officer, to -wit, the Acg i stantyi cP Prpa i r3pni- of said Corporation and duly 1
authorized by said Corporation to make this affidavit.
❑(C) , a co -partnership
doing business under said name; h..ving its principal office at
3 and I am a general partner of said "firm.
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i Except as hereinafter specifically stated, neither the Securities nor any of the rights, represented thereby have
iaeen-sold, assigned, endorsed, transferred or depositedunderany agreement or.subjected to any hypothecation x
' lien or pledge, or in any other manner disposed of by or on behalf of said oavner and neither said owner nor anyone
on,, behalf of said owner has executed any power of attorney, stock power or other assignment or authorization to
z
- respect thereof which is now outstanding and in force; and no person, firm or corporation other than . said owner
has any right, title, claim, equity or interest in or to the Securities or any of the rights represented thereby.
} (Describe fully any exceptions to the foregoing)
Y} This affidavit is made for the purpose of inducing CITY Cf ;411%,.1, : !. ,
.and Chemical Bank, as pAYl'xi a , (1) to refuse to honor the Securities epoula $
they be presented by anyone other than said owner for transfer, payment, exchange or otherwise, and (2) to issue
replacement securities is lieu thereof or to make the transfer, payment, delivery or exchange to which 4014
would be entitled upon the surrender of the Securities.
Subscribed and sworn to before'„
_1
I Qr
on the day of , 19
"OFFICIAL
RAYMOND J, MARAT6A
(Seal) Notery Now, StIh"4i III
.�...,
My commission
My Commission expires on l�_......_.,, �n R#t�tlr� rf is
i (This affidavit mt+st be subscribed and sworn to.. before a #�atary Public Qr.:fldatc of,��et�_� �,
f; adminiptcr oaths, Such Noiacy Public
(or other officer) most affix Ilia seal of otit+�s ssaca
+. .
iiy, 9a, whi�6 his commissi�aa expires. If executed outside the Stara oaf New Yuct�r a �a�►
y sc+�ili ►te far chcc oo. invat authentication) vy deaciag the Outhnclry of the N_QWy jPs�k 46i,� 7 ����t
f i eel to act MW411 be stwited co c +Rh i:ouaWparc of this aft ric.
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