HomeMy WebLinkAboutR-90-026313
J-90-204
03/29j00
RESOLUTION NO. 90 -026 3
A RESOLUTION AUTHORIZING THE REPLACEMENT OF
CERTAIN CITY OF MIAMI, FLORIDA GENFRAL
OBLIGATION BONDS, DUE APRIL 1, 2010, IN THE
PRINCIPAL AMOUNT OF FIVE THOUSAND DOLLARS
($5,000.00) 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:
(a) The City Commission has received and caused to be
examined an affidavit sworn and subscribed to before a notary
public on November 20, 1989, by .Edythe T. Unrad, that (i) Edythe
T. Unrad, is the lawful owner, or has a proprietary interest in
the Five Thousand Dollars ($5,000.00) principal amount of City of
Miami, Florida General Obligation Bonds, due April 1, 2010,
bearing 9.20% interest, Certificate No. R10 226; (ii) the
Original Bonds being lost, stolen or destroyed; (iii) said
Edythe T. Unrad., has no other knowledge or information as to the
whereabouts of the Original Bonds; (iv) the Original Bonds 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 Edythe T. Unrad; (v) the
affidavit is made for the purpose of inducing the City of Miami,
Florida (the "CITY"), to issue new or duplicate bonds in lieu of
the lost bonds, 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,
or the refusal to make transfer of the original lost bonds.
(b) The City Commission has received and caused to be
examined one counterpart of an Indemnity Bond, (hereinafter
called the "Indemnity Bond"), executed November 20, 1989 by the
Fidelity and Deposit Company of: Maryland pursuant to which the
CITY COI}' MISSION
MEE`I"IISG OF
RE5!?1u]
REN�kRAS:
,U
J-90-204
03/29/90
RESOLUTION NO. 90-02G3
A RESOLUTION AUTHORIZING THE REPLACEMENT OF
CERTAIN CITY OF MIAMI, FLORIDA GENERAL
OBLIGATION BONDS, DUE APRIL 1, 2010, IN THE
PRINCIPAL AMOUNT OF FIVE THOUSAND DOLLARS
($5,000.00) 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:
(a) The City Commission has received and caused to be
examined an affidavit sworn and subscribed to before a notary
public on November 20, 1989, by Edythe T. Unrad, that (i) Edythe
T. Unrad, is the lawful owner, or has a proprietary interest in
the Five Thousand Dollars ($5,000.00) principal amount of City of
Miami, Florida General Obligation Bonds, due April 1, 2010,
bearing 9.20% interest, Certificate No. R10 226; (ii) the
Original Bonds being lost, stolen or destroyed; (iii) said
Edythe T. Unrad, has no other knowledge or information as to the
whereabouts of the Original Bonds; (iv) the Original Bonds have
not been sold, assigned, endorsed, transferred or deposited under
any agreement, hypothecated, pawned or pledged, or :_n any other
manner disposed of by or on behalf of Edythe T. Unrad; (v) the
affidavit is made for the purpose of inducing the City of Miami,
Florida (the "CITY"), to issue new or duplicate bonds in lieu of
the lost bonds, 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,
or the refusal to make transfer of the original lost bonds.
(b) The City Commission has received and caused to be
examined one counterpart of an Indemnity Bond, (hereinafter
called the "Indemnity Bond"), executed November 20, 1989 by the
Fidelity and Deposit Company of Maryland pursuant to which the
CITY COMMISSION
MEETING OF
A P R9I `L 1 &;3
RESOLUIiON Nu. t�►
REMARKS:
AdL
Fidelity and Deposit Company of Maryland is firmly bound unto the
City, of Miami, its successors, and any other parties vested with
powers or duties respecting 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
substitution for the Original Bonds under the authority of the
Charter of the City of Miami, Chapter 10847, Special Laws of
Florida, 1924, as amended, there shall be issued Duplicate Bonds
of the City of Miami, Florida similar to the Original Bonds to
the fullest extent feasible, in the principal amount of. Five
Thousand Dollars ($5,000), consisting of certificates number R10
226, designated "City of Miami, Florida General Obligation Bonds,
bearing interest at the rate of 9.20% per annum, payable
semiannually and stated to mature on April 1, 2010.
The Duplicate Bonds shall b--e 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.
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
City Commission for execution, pursuant to the provisions of said
Resolution authorizing the issuance of the Original Bonds, by the
manual signature of the City Clerk, the facsmile signature of the
Mayor, and the facsmile seal of the City.
Upon satisfying himself that said affidavit and Indemnity
Bond are in proper fcrm and have been duly executed and delivered
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 its delivery to said Edythe T. Unrad.
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,
and the Paying Agents of the City respecting such issue of Bonds.
Section 5. All costs and expenses incurred by the City in
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
immediately upon its adoption.
PASSED AND ADOPTED this 12th day of April
ATTES .
MATTY HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
fCAL-EJANDR0 VILA ELLO
HIEF ASSISTANT CITY ATTORNEY
APPROVED AS TO FORM AND CORRECTNESS:
'70 GE I FE NANDL�
CITY ATTORN IY
become effective
XAVIER L. IcUtEZ
M A Y O R
.. Cn
9023
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM
CAw23
lionorabie Hayor and -Members
TO of the City Commission DATE �J � 1 FILE
1990
SL18JECT Agenda Item - Replacement
of Lost Bonds
FROM Cesar H. Odio REFERENCES
City Manager
ENCLOSURES
RECOMMENDATION:
It is respectfully recommended that the attached Resolution
authorizing the replacement of certain City of Miami, Florida
General Obligation Bonds, due April 1, 2010, in the principal
amount of Five Thousand Dollars ($5,000) to substitute lost bonds,
be approved.
BACKGROUND:
The replacement of bonds lost by hold;�:rs of City -issued borids
requires City Commission authorization. A holder of $5,u00 in
City of. Miami, Florida General Obligation Bonds, due April i,
2010, lost them and has posted the necessary affidavit and
Indemnity Bond to protect and hold harmless tl1e 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.
.70-04'-'W'G3
Ar
&T.B. CuRkOMW
SSW*rt 84v , Wm YOM NY IN41
Tot M2) =4W
November 30. 1989
Mr. Pete Chirct
City Hall
3006 Aviation Ave
Mani. FL 33133
Re: Miami Florida General Obligation 9.20% Due 4/112010
Certificate A10 226 - $5,000 reg n/o Edythe P. Unrad
Dear Mr. Chirct:
We are enclosing for your files, a counterpart of a Sole Obligor
Open Penalty Bond of Indemnity and Affidavit of Lass submitted in
connection With the loss of the above described security.
Should the enclosures Greet With your approval, kindly forward to
us a letter authorizing us to issue a replacement certificate in
the name of Edythe P. Unrad.
Very truly yours,
Margaret Payne
Lost Securities Analyst
MP/rg
Enclosure
�T
First in
Service
[?slivery
90-0263
V
c
Ma-MCA.:_A
$~Jtiee and Trust Sermic"
66 Water Street —_
Now York, N.Y. 10041 �.
INDEMNITY BOND
.fir'
" 84" (7+40)
IMPORTANT INSTRUCTIONS
1. The Surety Company executing this Bond must be one of the
standard companies, authorized to write indemnity bonds in the State of
New York and acceptable to each of the Obligees.
Z. This Bond must be acknowledged by both the Principal and the
Surety Company.
The Notary Public (or other officer) taking the acknowledgment must
affix his seal of office and state the date, if any, on which his commission
expires. In the event the acknowledgment of the Principal is taken before a
Notary Public (or other officer) not authorized to act within the State of
New, York, a County Clark's Certificate (or other competent authentication)
evidencing such official's authority must be attached to each counterpart of
the Bond.
3. The authority of the officer of officers executing this Bond on
behalf of the Surety Company must be shown by a copy of the by-laws,
resolutions or similar authorization, certified by the Secretary ex an
Assistant Secretary of the Surety Company as being in effect on the date of
execution of this Bond and, in case the authorization is given to the holdet
of a particular office, the mlification must state that the person executing
this Bond was the holder of such office on said date. Certffkataous by
attorneys-isrfact or by "resident" officers of the Surety Company or by an
officer who executes this Bond are not acceptable.
If the Principal is a corporation, the authority of the officer or officers
awcuW1 this Bond on behalf of the Principal must be shown in Him
Ana mer.
4. In a cast where the new insUmment is to be issued in the name of,
or paynwit in respect thereof is to be made to, somomw other d=1 the
registamd holder of the lost, stolen or destroyed security, all the farnsakties
necessary to complete a transfer must be complied with, including ft
furnishing of a detached instrument of assignment by the registered holder —
or his legal representative with the ftnature thereto guaranteed in the
customary manner, transfer tax stampo (or funds in lieu thereof) and such
other papers as may be necessary under the chvun stances.
S. An affidavit establishing ownership of the lost, stolen or destroyed
wcutity and setting forth in detail the facts and circumstances of the last,
theft or deattruction should be attached to each counterpart of this Bond,
unless previously furnished.
90-0263
L-1
LA
MXT) if 9979633-335 --`
(rhatt s-1 R*nA, Narxw )'tarp, arras r-",4h i,4tr%mgpy leered re--".)
INDEMNITY BOND
Inow all Aten UVY4tor VIrrornts. that,
Edythe T. Unrad of 1601 Oakwood, Apt. 404, Highland Park,
I l l i n ),l„S kU a 5
(Gm complete eften)
e-_..-__---__..______________ __ , as Principal (hereinafter called the Principal), and
-Fidelity and Deposit Company of Maryland
_..___..________ -_.._____-.,.__.,_a___ , duly authorized to transact the business of
indemnity and suretyship in the State of New York, and having an office and principal place of business in The City of
• i*lsw�lf<tEk� Baltimore, Maryland at Ill John Street,
as Surety, (the Principal and said Surety being hereinafter collectively sometimes called the Obligors) are held and
flmly bound unto 'Miami Florida General Obligatim
Chemical Banc
and unto all such individuals, firms and corporations, as now or hereafter may be acting as Trustee, Depositary, Fiscal
or Paying Agent, Registrar, Transfer Agent or in any other capacity in respect of the security or securities mentioned
bellow, their respective legal representatives, successors and assigns (hereinafter collectively called the Obligees), in an
aggregate sum sufficient to indemnify the Obligees and each of them in can of a default under the conditions of this
Bond as hereinafter set forth, but not exceeding the maximum amount for which said Surety may lawfully obligate
itself in respect of any single risk, to be paid to the Obligees and each of them,:: their regnctiv+e interests may appear,
in lawful money of the United States of America, for which payment well and truly to be made the Obligors do bind
themselves and each of their hairs, legal representatives, successors and assigns, jointly and se~werally, firmly by these
presents.
SEALFD with the teals of the Obligors and dated this 20th day of November ,Ig 89
WHEREAS the Obligors repres-.rat that the Principal is the sole and absolute owner of
f11 06 1 • •I1/P' :4 1 Ief-
and all rights represented thereby (such security or securities being hereinafter calked the Originals) and that the
Originals have been lost, stolen or destroyed and cannot be found or produced; and
AREAS at the nequest of the Obligors and in reliance upon said representations and in consideration of the
execution and delivery of this Bored, the Obligees arc willing to issue and deliver to the Principal or upon the Principal's
order a new instrument or instruments in place of the Originals or to make a payment, credit, transfer, registration,
smcchasge or dahwry called for by, opm or is nslpez af, the Originals wi requiring the preseatatkm or awrander
thereof for cancelation or stamping or for any other purpose:
NOW, THEREFORE, THE CONDMON OF THIS OBLIGATION IS SUCH that if the Obligors, their heirs, lq*
representatives, sascressors and assigns shall forever defend, indemnify and hold harmlen the Obligees and each of them
from and against any and all claims, demands, actions and. suits (whether growsdk u or otherwise) and from and against
any and all liabilities, losses, damages, cost and dwSes (including counsel Ears and all other expenses) of every nature
and character as the same may arise or be made against or be incurred by the Obligees or any of them, or to which the
Obtigm or any of them any be subjected, or which the Obligees or any of them rray sustain; whether by reason or in
consequence of any claim which may be made in resluct of the Originals, or the immcc or delivery of, or refusal to
issue or deiiver,_a now insirrsment or instruments to any person or persons presenting or surrendering the Originals, or
the immce or delivery of a now instrument or instruments In place of the Grigirtals as a foreWd, cw otherwise, without
requiring the pre"11 atiou or surrender thereof, or the making of a payment, credit, transfer, registration, exchange or
delivery upon or in respect of the Originals or of the new instrument or instruments issued in place thereof, or any
other act or refusal to act which the Obligees or any of there may or may not do or permit upon or in respect of the
Originals ce of the now instrument or instrurnextti issued in plux thereof, whether or not caused by, basted upon or
arises out of inadvertence, accident, ovw,rsight, neglect or odwnvise on the part of Obliptes or any of theca or on the
part of an officer, agent, clerk or employee of the Obligees or any of them, and whether or not any act or refusal to act,
which the Obligees or airy of them may or may not make, do or permit, is made, done or permitted without previous
inquiry into or contest of the propriety of any such act or refusal to act, then this obligation shall be void; otherwise it
shall remain in full fora and effect.
902G3
. -,. Y--- - --I-
E
Thais Brad shall be deemed a continuing obligation and successive rramries rosy be had herd fm the various
matters in respect of which the Obligees or any of them shall become entitled to be indemnified.
The Obligors, agree that in case the Originals be found or come into the hands, custody or power of any of them Of
into the hands, custody or power of say other person or persons the Obligors forthwith on demand shall deliver or
cause the same to be deLvered to the Obligees in order to be canceled or shall pay to the Obligees in cash whatever sum
shall be required on the date of such payment to enable the Obligees to purchase in the open market a security or
securities equivalent to the Originals.
The Principal and Surety jointly and severally agree that, if for any reason and at any time or from time to time the
Obligeesany of them shalt deem insufficient the indemnity provided hereby, the Principal and Surety shall forthwith
upon deftnd furnish the Obligees with such additional indemnity as the Obligees or any of them may reasonably
require, and in the event of failure so to do the Obligees or any of them may proceed forthwith to effect
insurance for the benefit of the Obligees as their interest may appear in such amount as the Obligee
effecting such insurance may in its absolute and uncontrolled discretion deem reasonably necessary for the
protection of the Obligees hereunder, and the Principal And the Surety jointly and severally agree that they
shall forthwith upon demand reimburse the Obligee effecting such insurance for the, cost thereof. To the
extent that such reimbursement Is not so made the Obligee effecting such insurance shall be conclusively
deemed to have sustained lots and damage by reason of the issuance and delivery of a new instrument or
ittstruments in place of the Originals or the payrnent, credit, transfer, registration, exchange or delivery upon
or in respect of the Originals sA aforesaaid.
Said Surety agrees that its liability hereunder fill be absolute and unconditional regardless of the
eatistence or non-existence of liability of the Principal hereunder and whether such nonexistence of Liability
be by reason of any irregular or unauthorized execution of or failure to execute this Bond or any absence
of interest of the Principal in the subject matter hereof or otherwise and that its liability hereunder shall
accrue and become enforceable against it; without prior demand or any other precedent action or proceeding
against the Principal.
The obligation hereby created in favor of each of the Obligees shall remain unaffected by the termination
of the particular capacity in which may Obligee may now or hereafter be acting with respect to the Originals.
This Bond is entered into under and pursuant to th+s laws of the State of New York and shall in all
respects be construed in accordance with the Ion of said State.
(Individual) y dLt t' (L S•)
(Partnership)
A Gen" FWtarr
(Corpmation)
ftm*"
Attest:
Attest:
WILLJ" WAAR. JR„ ATTt?1tNJ14"ACT
STATE OF Illinois
COUNTY OF Cook
[nai av Un this 20th dgy of November 19 L9, before me peromau ► appeared
_Edythe T. Unrad
to me known and known to me to be the Individual described in and who executed the foregoing instrument, and
s he duly acknowledged to me that s he executed the arras.
A
T,Iv nntrmMi cci ran cvr�i roc r 19 loon
ItTA TF, OF,-.._.....__.._—.,-
tMl.
cx>bi' OF_ ___m_.�____
on d9k &p M
to TM %townt and known to me
mom
to be a rnernber of tlha firm of described its and which executed the foregoing itset ument, and he thereupoe acicnowtedged to rm that he
signed the same as and for the act and deed of mfid firm.
corporatim
-
1111"t
STATE OF_
CDt,TNTY OF
-- I ss..
On this day of - - t 9 .before we prm,= ty appeared
to ax known, who, being by me duly swum, did depose and say; that he resides at
_ is the City of -
State of ;that he b the of
the corporation described in azd which executed the foregoing iststrument; that he knows the seal of said
corporation; that the seal affixed to said kgaumaat h such carporste seal; that it was so affutM by order of the
Dowd of Directon of said corporation; and that be signed his name thereto by Eke order.
STATE OF
COUNTY OF
Slut of New York
Votmey of Ww York ss'
Oa this 27.th day of November
. 1989 . Wore me personslly appeared
VAMM Sprit:. Jr. to me known.. who. Wag bye tee duly swoca, did depose and say: That he tedden
In Nutley. N.I.; that he is an Altorrrey-its-Fart of Fidelity and Deposit Company of bWyland, 9M ooep�atloa
dammed Is Md +s h" assarted the .tkbW liss"Mmem. thin Ise know the awpo mte fW of ssld ooepot
an ** ad aft6atd to the wiwe mat is socb eorporate no. grid that he signed the said bOMMM
ad if&W this taW seat as Autorvicy in -Fact Uy authority of the Iloard of Directors of said eaapsatatltW
gad by authority of hu ofrece wider the Standing itc'solutions thereof.
CHARLES C. I FPM- TA1
NOTARY PUDUC, State of Nswl't,Or(�
No. U-49O6095
OtsWittrd to Now York G4un
Tor W03tan Explr" lon, 9t, i
9 V 2"'G3
I
PowAr of iA"orney = -
FiDELITY AND DEPOSIT COMPANY OF MARYLAND
NOWose+ct mr*AoRt. has _
KNOW ALL MEN BY THESE PRESENTS: Tint the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a corporation of the
State of Maryland, by C. M. I'£COT, JR. , Vice-Preeideat. *ad C. W. ROBBINS -_
Assistant Secretary, in pun uance of authority granted by Astick VI, Section 2, of the By -Laws o1 said Company, which are set —
forth on the reverse side hereof and an hereby oettified to be in hull torte an etfct on the date hereof, do" hereby nominate,
aaaistitu and appoint Willism Spear, Jr. of Nutcv, New Y.
.........
A'.
H-S true wdul agent and Attorney -in -Fact, to snake, exand d or. and on its behalf as surety, and as its act and deed:
any and all bonds and undertakings_ ...... . .............
execution of such bonds of rand! v o presents, shall be y binding upon said Company. as tulle
nand amply, to all intents and purposes, as if th d been d ecuted and acknowledged by the regularly elected officers of
the Company at its office in Baltimore, V-1
it own r persons. Th i s powe r o f at to rney revoke s c h a t
issued on behalf of Willi.a , Jrt•7 ted, March 31, 1987.
The said Maistaat Socret.ary does � t6"-tract set forth on the reverse side hereof is a true copy of article VI.
Section 2. of the By -Laws of wid y, sad ' in force.
IN WITNESS WHEREOF, the Presi Assistant Secretary have hereunto anbecribed their names and affixed the
Corporate Seal of the said FtD AND D COIt�'ANY OF MARYi.AtiD, this 15th •day of
June , A.D. I @? ®v"
_ FIDE DEPOSIT COMPANY OF MARYI.AND
ATTEST: � SEA L %i�
I
y......,_....�• B_ i'tee- ace ........ ,..........
Aio6wf Secretary
Sratz of M�►s►vtawo
CM of 1BALT1srMc
pn this 15th day of June . A.D. 1987 , before the sabuxiber, a Noury Public of the State of
Maryland. in and for the City of Baltimore. duly commissioaW and qualiGod, came the above -named Vice -President and Assistant
Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to nee personally known to be the individuals and officers
described in and who execrated the pn"duag iarutrtuoeet. and they each acknowledged the execwtioa of tie same, and being by
me duly sworn, severally and each for himself deposes6 and saith. that they are the said officers of the Company aforesaid. and
that the seal affued to the preceding instrument is the Corporate Seal of said Company, and that the said Corporate Seal and their
signatures as such olfioas were duly affixed sod tttbscrbed to the said betrument by the authority sad direction of the said Corporation.
IN TESTIMONY WHEREOF. I have hereunto set my hood and affized my Official Seal, at the City of Baltimore. the day and
year first above written.
�; • ., ' / !Votary Public Comn3iss' zpires July 1. 1990
• CERTIFICATE
I. the undersigned, Anistaat Secretary of die FIDELITY AND DEPOSIT COWANY OF :KARYI.AND. do hereby oertify that
the original Power of Attorney of which the lovegoing is a full, true sad coss+eci copy. is is full lawn wad effect on the date of this
oertirwate; and I do farther cartiiy that the Vine-Prerid sst who esecuted the acid Power of Anarsey was oee of the additional Vice.
Presidents specially authorized by the Board of Directors to appoint any Attorney -in -Fact as provided in Article VI. Section 2. of
the By -Laws of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND.
Thin Certificate may be signed by facsimile under and by authority of die following resolutiom of the Board of Dirrewn of the
FIDELITY ANi) DEPOSIT COMPANY OF MARYLAND at a smarming duly called and held on die 166 day oI July. 1969.
RESOLVED: "That the facsimile or mechanically reproduced signature of any Assistant Secretary of the Company, whether msade
bereto(mv or hereafter, wherever appearing upon a ca tirwd copy of any power of attorney 6vued by the Company, ahall be valid
and binding upon, the Company with the same lam and effect as though manually affixed."
IN TESTIMONY WHEREOF. i have hereunw subecribsd my matte and affixed the corporate seal of the said company. this 2tb
dayol November . Ig89,
093-2899 -T—
Assmant Secs ecary
e
A
EXTRACT FROM BY-LAWS OF FIDELITY AND DE"IT COMPANY OF MARYLAND
"Article VI. Sectim 2. glee Chairman of the Board. or the Pr"edemt, cc any Exmutive Vier-Prrsidmt. or any of the Senior Vice-
Pr"66mts or Via -Presidents specially sutlwhied so to do by t1w Board fA Directort nr by the Executive Committee. aWll have
Pow", by VW with fire concurrence of the Secretary or *my one of the Assistant Seu tarim to appoint Resident Via-Presid4mts,
Asaiawnt Vice-Preoide is and Attorneys -in -Fact as the bum of doe Company may require, or to madwise any person or persoas
to ememle on belssif of the Caepauy any boaada, andertsbags, rempiaancers, stipulations, policies, cmtraccts, agreements. deeds. —_
wW re6wo and awAgnta mou of judpments, decrem mortgages ssrd instruments in the nature of rraortgagra, ... and to aft: the
seal of the Company thereto."
A -
90 2 3
Af.
S
FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
Statement of Financial Condition
AS OF DECEMBER 31. 1988
The
go
CoffPXWs
ASSETS
• *Bonds ............................................... .................t 230,533.833
.Ak *Stocks................................................................ 17302.323
Real Estate............................................................. 31781.808
Cash in Banks and Offices and Sbort Term Investments ...................... 11,997.076
Premiums in Course of Cotlection fleas than 90 days old) ..................... 17,402,065
Reinsurance and Other Accounts Receivable ................................. 16,078,591
TOTAL ADMITTED As,SSTs..............................................t 4531595,6%
LIABILITIES, SURPLUS AND OTHER FUNDS
Reserve for Unearned Premiums..........................................S 126,254,745
Reserve for Claims and Claim Expenses .................................. . . 99,765,959
Reserve for Tries and F.apes........................................... 9,775,650
Miscellaneous Reaetves and other Liabilities ................................ 23,973=7
ITI TOTAL LIABILES.................................................................8 259,769,881
Capital Stock, Paid Up.. . ............................... t 5,000,000
Surplus ................................................ 188,825,815
Sdrl ius as Regards PolicyboWers.......................................... 193,825,815
TOTAL................................................................t 453,595,696
Securities carried at $5,117,789.00 in the above statement are deposited as required by law.
*Securities carried on basis prescribed by the National Association of Insurance Comtnissiorsers. On the basis
of December 31. 1988 market quotations for all bonds and storks owned, this Company's total admitted assets
would be $W,236,223.00 mad amplus as regards policyholders $193,466,342.00,
I. W ILLIAM R. AMOS, Treasurer of the FIDELITY AND DEt'OSIT COMPANY OF MARYLAND, do hereby certify
that the foregoing statement is a eocrecK exhibit of the assets and Rab7ides of the said Company, on the 31a day
of December. 1988, aDoording to the bw of my information, knowledge od belief.
WiWsm R. R►mpe
Tremor
STATE OF MARYLAND
CITY OF BALTIMME SS:
Subo ribed and sworn to, before me, a Notary Public of the State of Maryland in the City of Baltimore, this
31st day of January, 1989.
S061 Notary Pub&
My ocamnission expires July 1. 1990.
90-ozGi
R e)
sTAT)-; cal" tr_,LINOIS
Cot'y4 Y OF COOK
1, the under-;tnev Edythe T. Unrad - -� -- -
keying duty sworn, depose and say:
1 am of legal age and reside at �4 k� aJ '
iet the County of 1_ _ , State of'.�f 1* S
On or about the __3_ d ey of ,5.c �$ IG_ 19 .._ , certain securities
(hereinafter called the Securities) more particularly described'as
Re: Minia Florida General Obligation 9.23 Die 4/1/2010 Cert RIO 226
$5,000 reg n/o Edythe P Unrad
registered in the narne of (Indicate it in bearer form.)
were lost, stolen or destroyed under the following circumstances:
(Describe clearly and in detail the circumstances under which tl}e
securities were lost, stolen or bestroyed, the piste where they wstw
last known to have been located, and the efforts lead* to recover burst.)
Scc�,rr'r�cs jos�'
Eiteept as stated above, I have no knowledge or information as to the whereabouts of the Securities.
The sole and absolute owner of the Securities is
(Indicate by 6 which of the followinx is applicable, and, if "8" or "C", insert the reupited information.)
/((A) the undersigned.
[3(s) . a Corporation
duly organized under the laws of the State of . having its principal office
ALt, and
Yarn an executive officer, to -wit, the of said Corporation and duty
authorized by said Corporad,�o to make this affidavit,
O(C) , a co -partnership
doing business under said name, having its principal office at-.
and 1 am a general partner of said firm.
Except as hereinafter specifically stieeid, neither the Securities not any of the rights represented thereby have
been 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 nor anyone
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 fo:ce; and no person, firm or corporation other than said owns
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)
NC EXCEPTIONS
This affidavit is made for the purpose of inducing Miamia Florida General Obligation
.and Chemical Dank, as Trustee , (1) to refuse to honor the ",..:atities shoule
they be presented by anyone other than -.P:d t+waer for transfer, payment, exchange or otherwise, and (2) to issue
qprsaplars..,.on securities is lieu J.crcof or to make the transfer, payment. delivery cc ezttaange to which slid awnet
would be entitled upon the sLurender of the Securities.
Subscribed and sworn to before me �~ V
*aa tht: 20th day of November 89%//,77 Z'V�ao
(Berl)
f1Aic Cdramission expires on ay 16 r 19 90
(This affidavit muse be svbscribed and sworn to before a Notary Public or other officer qualified to
administer oaths. Such Nvtsry Public (or ghee officer) must affix his seal of office a" state the bate,
if any, as which his commission expires. It executed outside the State of New Yock. a Co"tr Clcrk'a
Certificate (or other competent authentication) evidencing the authority of the Notary Public (or otber�.-
--
o(ticet) to act must be attached to each counterpart of this affidavit. !; , ,q � �