HomeMy WebLinkAboutR-85-0498J-85-443
4/25/85
t RESOLUTION NO. 859fi
A RESOLUTION AUTHORIZING THE EXECUTION AND
DELIVERY OF CERTAIN CITY OF MIAMI, FLORIDA
HOUSING BONDS OF 1984, IN THE PRINCIPAL
AMOUNT OF ONE HUNDRED THOUSAND DOLLARS
($100,000) TO REPLACE 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 March 4, 1985, by Merrill Lynch Pierce Fenner & Smith,
Inc., that (i) the firm is the sole and absolute owner of the One
Hundred Thousand Dollars ($100,000) principal amount of City of
Miami, Florida Housing Bonds of 1984, bearing 10.30% interest,
maturing June 1, 2006, and numbered RH 06-215 (the "Original
Bonds"); (ii) the Original Bonds were lost, mislaid, stolen or
destroyed; (iii) said Merrill Lynch Pierce Fenner & Smith, Inc.
has no other knowledge or information as to the whereabouts of
the Original Bonds; (iv) the Original Bonds have not been sold,
assigned, endorsed, tranferred 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 Merrill Lynch
Pierce Fenner & Smith, Inc.; (v) the affidavit is made for the
purpose of inducing The City of Miami, Florida (the "City") and
Chemical Bank, and Pan American Bank, N.A., as Paying Agent, to
refuse to honor the Original Bonds should they be presented by
anyone other than said Merrill Lynch Pierce Fenner & Smith, Inc.,
and to issue replacement Bonds in substitution for the Original
Bonds (the "Duplicate Bonds");
(b) The City Commission has received and caused to be
examined one counterpart of a sole Obligor Open Penalty Indemnity
CITY COMMISSION
MEETING OF
MAY 9 1985
Bond, Bond No. RDFI-3-85-1-311 (hereinafter called the "indemnity
Bond''), executed March 4, 1985 by Federal Insurance Company,
pursuant to which Federal Insurance Company is firmly bound unto
the City, Chemical Bank, 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; in case any
litigation shall be instituted in any way related to the Obligees
with regard to the issuance of the Duplicate Bonds, Federal
Insurance Company will be responsible for such litigation on
behalf of the Obligees, and in any event will pay all costs and
counsel's fees connected with such litigation, and will indemnify
the Obligees as otherwise provided in the Indemnity Bond, 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, 1925, as amended, and Resolution No. 76-1104, adopted
December 16, 1976, authorizing the issuance of $25,000,000
housing Bonds, the Original Bonds constituting a part thereof,
there shall be issued bonds of the City of Miami, Florida,
similar to the Original Bonds to the fullest extent feasible, in
the principal amount of One Hundred Thousand Dollars ($100,000),
consisting of certificate number RH 06-215, designated "City of
Miami Housing Bonds of 1984", bearing interest at the rate of
10.30% per annum, payable semi-annually on June 1 and December 1
in each year and stated to mature on June 1, 2006. Such bonds
being designated in this resolution the "Duplicate Bonds," shall
be issued in registered form.
The Duplicate Bonds shall be deemed to vest in the holders
the same rights, privileges, benefits and immunities and to be
subject to the same limitations, requirements and conditions, as
the Original Bonds.
2 ss-496.
I
Section 3. 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 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 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 affidavits
and a certified copy of this Resolution) to be delivered to
Chemical Bank for their delivery to said Merrill Lynch Pierce
Fenner & Smith, Inc.
Section 4. Upon delivery of the Duplicate Bonds executed
as herein provided, the Original Bonds shall be null and void and
no longer obligations 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 cancelled, shredded and
and destroyed, and shall cause a signed certificate to such
effect to be sent to the Director of Finance of the City,
Chemical Bank, Federal Insurance Company 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 be in effect
immediately upon its adoption.
PASSED AND ADOPTED this 9th day of May , 1985.
EST:
RA H I E
City Clerk
3
Maurice A. Ferro
MAUR E A. FERRE, Mayor
95-498
PREPARED AND APPROVED BY:
G. MIRIAM MAER
Assistant City Attorney
GMM/wpc/ab/452
APPROVED T RM AND CORRECTNESS:
LUC A. DO GHERTY
City Attorney
4
85-49f
r.:
- CWT OF MIAMI, FLORIDA
INritR-OPlntE. MEMORANQUM
------- ------
Sergio Pereira DATE: ^Ap1"i 1 10, 198S MCI
City Manager
SUOACT: Agenda Item Lost Bonds
z-
FROM: Carlos E . Garcia l REFERENCES:
Director of Fina
ENCLOSURES:
It is recommended that the attached
Resolution authorizing the execution and
delivery of certain housing bonds, 1984
series in the principal amount of One
Hundred Thousand Dollars to replace lost
bonds be adopted by the City Commission.
ri, ±
The firm of Merrill Lynch Pierce Fenner b Smith, Inc. has
provided
to the City a sworn affidavit to the effect that the firm
is the
owner of $100,000 principal amount of the City of Miami
Housing
Bonds 1984 Series, and that such bonds have been lost,
mislaid,
stolen or destroyed.
An indemnity bond from Federal Insurance Company has been
posted
in an aggregate amount sufficient to indemnify and save
harmless
the City in case any litigation is instituted in any way
related
to the issuance of these duplicate bonds.
The City's Law Department has examined these documents
and find
them in order.
The cost of issuing the duplicate bonds will be born by the bond
holder.
W
SS-498
41
t
el" OF MIAMI. PLORIDA
IN?K*,0FF CR MSMORANDWM
To: Lucia A. Dougherty DATE: February 8, 198S rue
City Attorney
Attn: Miriam Maer susjzct: Lost Bonds
FROM: Carlos E • Garcia REFERENCE::
Director of Fi na
ENCLOSURE!:
Please find attached, an Indemnity Bond and Affidavit received
from Chemical Bank in connection with bonds lost in the amount of
$1009000 by Merrill Lynch Pierce Fenner A Smith, Inc.
We are also enclosing proposed resolution for replacement of the
bonds. We would like to take this resolution to the City
Commission during the first meeting in May.
Please let me know as soon as possible if these documents have
your approval.
CEG:hb
.: Enclosures
i
- a
CleMICALBAWop .
Sete Obligor CAW Penifty Indemnity Sond
RbFi--3-8�-1=311
"
fv all ett log t4t69 j1rt5tnt59 that Federal Insurance
Company a corporatbh o►9anind under Me laws of the State of New York and duty ourerlted to
transact the business of insurance and sure"hip in the State= 44aw Jersj%
among other Stakfa, and having an
r
ofto and place of euslness at 100 William Street, New York, New York 10038
as Obligor (heremaf IK caged "Obligor'.) is held and firmly bound unto
The City of Miami Housing
Chemical Bank
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 ce"i icate(s), their respective legal representatives, successors and assigns (hereinafter coMac6Yely caved
"Obligees"), in an aggregate sum not exceeding the maximum for which Obligor may lawfully obligate mall in respect of any
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 set forth, to be paid to Obligees, their respective
legal representatives, successors or assigns, as interest may appear, for which payment wen 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 Three counterparts. this 4 th
day of
March.19 85
WHEREAS, tho obligor represents that Merrill Lynch Pierce Fenner 6 Smith Inc. is the Owner of
i
The City of Miami Housing Bond Reg 1984 Series 10.302 due 6/1/2006 certificate
number RH06-215 in the principal amount of $100,000 registered in the name of
t
t.
Merrill Lynch Pierce Fenner & Smith Inc.
(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 -
Merrill Lynch Pierce Fenner & Smith Inc.
-r,
a now or duplicate instrument or instruments, or to pay to Merrill Lynch Pierce Fenner 6 Smith Inc.
al;
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-
plied or agreed to comply with said requests;
NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE, that if the Obligor, the legal r esenla11M. succes-
sors or assigns of Obligor, or any of them, shall in can the original or originals be found or come into fhe 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, indemnity 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 liabili-
ties, 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
dekvery in respect of the original or originals without surrender thereof, and/or in respect of the duplicate or duplicates, whalher
or not caused by. based upon or arising out of the honoring or refusing to honor the original or originals when prowled 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 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 ansing out of the release of any security or the satisfaction of any instrument or instruments under which the original or orig-
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 whatsoever, then this Obligation shall be void. otherwise shall remain in full force and effect
AND the Obligor, in consideration of the issuance of new or duplicate instrument or instruments hereby agrees with the Obk-
gees, that, in case any litigation shall be instituted in any wise related to, touching or affecting the Obligees, or any of them, with
regard to the issuance hereinbefore requested. it will be responsible for such litigation on behalf of the Obligees, it so requested
by them, or any of them, and, in any event, will pay all costs, counsel fees and charges connected therewith, whether such kb
gation shall have been participated in by it or not.
021017 (e•771 e-93
OVER
85--498';
The Obligor further agreePal In case the mislakf, lost. Motion or deefroyed original or ot"Ift be found or Coo Into the
hands or power of any person, or into the hands. Cusiodv or pottier of the Obligees or any of them for any purpose ofh1N theft
cancellation without reissue. then the Obligor Ol forthwith. on demand, obtain and deliver to the Obligees either such on"
or originals or said new instrument or instruments or will pay to the Obligees a sum of money sufficient to enable the ohl,geilf
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 the conditions of this bond. it waives and releases any and aM 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 Obligee! or any of there
The Oblgor agrees that its liability hereunder shop be absolute. subsea only to the conditions herein expressed.
No ineccU=y in fM deacrtfnlon of the securd as referre0 to as the onginr l or originNft shah alfar, may or atfet t Me oblige-
tiona of the MOW hereurift.
This bond shelf be deemed a New York contract and shall be governed as to all matters whatsoever, whether of validity.
interpretalion. obligation, performance or Otherwise exclusively by the laws of the State of New York, and alt ouetdiorls aMwq
with respect thereto shah be determined in accordance with such laws. Regardless of where actually delivered. this bond Shalt
be deemed fo 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
ByKZ
Attorney in•FaCt
STATE OF
ss
COUNTY OF
On the day of in the year 19 before me personally
appeared
to me known, who being by me duty sworn, did depose and say that he resides at
` that he is Of
the corporation described in and which executed the above instrument. that he knows the seal of said corporation. Mal the seal
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
Notary Public in and for the above County and State
My Commission expires
SS-496
A
NOTARIAL AClMWLWOWMT
CITY, COUNTY A STATE OF NEW YORK, se
On tnta d}1, day Of ___ _ X-A-ch, 19. ,,. before Me pow ally Came Hughes
_ to ne knowi . who, being by me duly sworn. did depos 4hd say that he is an Attarneytn-Fata o
the FEDERAL ROURAMM COMPANY, the Corporation described In and which executed the annexed inabllment; that he knows the corporate seal; that i
was 3o affixed by oido and authority of the Board of Directors of said Corporation. and that he signed his name thereto by like order end author".
Nato am TA ... �'C
s
AeknewNilWtl tthe wan tobtlwd nil
NOT"my P;— _ .:t . it��a Yorff
• - on apt teed wMbn.
C-� • tk t - -
Comasnsa ppaarrnyy �w
Financial Statement Of Federal UiSANDB OFom any at of December 31, 1983
STATUTORY OASIS
ASSETS
United States Treasury Sonds ..........
United States Government Secured
New Housing Bonds ................
State and Municipal Bands ............
Other Bonds ........................
Preferred Stocks .....................
Common Stocks .....................
Other Invested Assets ................
Short Term Investments ...............
TOTAL INVESTMENTS
LIABILITIES AND
SURPLUS TO POLICYHOLDERS
S 178,070 Outstanding Losses and Claims ........ S 739.816
65,264 Unearned Premiums .................. 372,027
484,062 Funds Hold under Reinsurance Treaties 7,108
18,475
79.099 Non -Admitted Reinsurance ............ 20.219
206,324 Other Liabilities ...................... MAN
4,224
84,042
1.090.160 TOTAL LIABILITIES ................ 1,268,313
Investment in Affiliates:
Great Northern insurance Cc ......... 19,532
Pacific Indemnity Company .......... 73,751
Chubb We Insurance Co ............ 47.903
Sellemead Development Corp ........ 83,848 Common Stock ...................... 13.987
i Chubb Ins. Co. of Canada ............. 14,826 PaW�in Surplus ...................... 40,913
Other ............................ 19,013
Cash .............................. 5,347 Earned Surplus...................... 189,204
Net Premiums Receivable ...... ...... 194,199
Reinsurance Rscoverable on Paid Unrealised Appreciation of Investments .. 99,712
i Losses .....................
' Other Assets ........................ 4b.a70 SURPLUS TO POLICYHOLDERS ..... 343.906
TOTAL ADMITTED ASSETS ......... S 1,612,219 TOTAL ........................... S 1.812.211
Investments are valued In accordance with requirements of the National Association of Insurance Commissioners.
Investments valued at $29.474 are deposited with government authorities as required by law.
sTATa oP NEW Toren i wnTnneAlloM
r:. cow" or New Tait
1, the undwapnaC AMNtwa $Scmtwy of dtd PEDLUL OOLVAMCa COMPAMT, do its ft0 owft dint dN ktorarhq N a trt11 dttodrpt frtrn drd ay utw w dM land Canpwgr a wfopwe by its goad of Ordc
on Maven 11, tpal wad stow rdoardly wawhddd Mwth it, IN2 area eve eve erltN a M fua lotoa aftd detol.
" AIITICLE xViti.
Se~ 2. At bortoa, WNPUMV& aonnara and oath w4ft twtb ow Iran a dOOYd for wN an bdntx of tM Comtwty wima it at &m0wit:dd by I" w as G1WW to dttdoana, may
Will" ot.aoatNa M dN nwM wad on WAN at end Canpwq aarwr Oy ant Chufffl n a eta VIoa.Ch.tr m a "* Pra dwa a a �. fwnpy wan IN Saauwy a M AaMtara
Soawary. ~ dada1111411111IF1110WIL SOW WA any ON W IWO 01116 a or wtwnoy§4114 t delow wad in wqr raokaton of the aowd of Diewwo or arse Ettaoudva Cometrna.
or at arty POW of attomdy anaAad a praMdd for to adatan 9 Wow. may dpWAd wry guar Bono, urNanatttrtp or cow obopton a protttdw In vim resokmw or poww of anormy,
eaofftn a At powwt of aaorraw for wad at won of eta Cott"" may wM me be nomad in dN nanN ant on DwMA at tna Company, MINT by do Chatnnan or Wes Via*la ~
a dM P11100 era vlow tNtdwa or M ANWAN vio►PrawowA, tow" with ft Sdorwwy a an ANOW SWmWy. ~am respecbrt dawprtwrwN. The a g wd of arch aft
M" b• arlprdra M. 0 - A or rdMprNo a "
I WW GwW lhw ate PEDUAL NGLVLWW WWANT it dub t1Cwtldo M wwom hdMay IN Ru" WAtatda at Mal 0111110 etwaa w ant UnMd $'atM of ARWnM 1011 1t w Cottr OL PWn Rico.
Moh df atd AGINr at of Cwtwxl with ail dttasom of PW" Edwwd WMA and it attic d* Wwam M OWN N am dtM" an 1, , tMtdWWNROL dfo pamMNd or raglpred by 4w.
1, eN undweerNd Aaartwa Sea" w PRIMAL ROLML MC! Co1MAMT. do 10 601 aindy than VW fors oM Pow d NAWMy N in W lood red�y/dMd:a.
Gh" undw nqr hwhd and ant "of of awe Company a Now YoM. N.Y.. tau■ „D� th �" d lVi8]� Ch 198s,
"ym Aatwwa SdtYdtiry �3�
85-498
POWER OF ATTORNEY
K low as Man by theea Presents, That the FEDERAL INSURANCE COMPANY, t S Mountain View Aomd, Warren. Now Jersay. a Now Jamey Corpora•
tion, has constituted and appointed and does heroby constitute and appoint Mark A. Cook, Thomas R. Short. Jr., A. J. Kny. Joseph P. Milan. F.M. Seagllc .
Robin Grunwald, Dorothy D. Mraboweeky, Marie Hughes, William S. SucknUl and Joan S. Kenney of New York, Now York.
E, Aftol 1z and al t.� ! Wmentl Son wheemin tt said FERAL Such
CCOMPANYis namrow as Obligo M to and deliver for and on ate behaM any
to WWn WhMMI. tM OM! ROW" MIatM1ANCa COMAW Ma. O mWK 10 0Sydow. EMON MMM ~ft 10 Oftkpr00 0y IN AMtataM VI00 Pra0r0aO arr0 A01N0rO aaentarY OW MO eer0ar010 Mal
to M hoW WMd Mb /a OR Of Apo, teM.
STATE Of NEW YOMK l
County of Now vak )j
M.
RDEMAL 04 COMP
ey
MM7CIOOM
Adeft" Von PraadaM
On Me to day of A0M taM. OWN WA 0MMII0' OM MOWN Nrpnt, to m0 known &A by m0 WOM 10I0 ANIBM SIVOWY Of uu RDEMAL MIaYMANN COW&W era CA 00 NO dMorem m MO
w m N10O M fo klt0-, POW a AMOnw are IM 0at0 Monad MON btktp by M d* wan. Mo d0D0aa aw My 0W M • AMMat a.a.try a tM ROa11AL eMYMANCa t70MrAN1' ana know Ow
tw10aO10 O0a draa0f Mm iM @W ~ 10 0r0 0 I, q Pw a ANW"W r 8MO 0aMM MM and wtl fNNW afAMOO by MKS 0100 ey' a 0M0 Calgary 8M Ina M Ogle WO hww 01 AMnoN
Mt AMtrxMtt aatxaran a are Calgary ay rka atAMflly:111a M • a0YMM00 wwr OMteO MOCk*M are kttaw MM 10 M AMrM001 VOILA- Pruom a Oad Caroaq. Ono ow tM Org m m a sad Onma MOCWm
w Wftd 10 SM PWW a AWWay a in 90 ekt "' nMrdwt 0 a Oft 0 MM7cwm Ore was vW00 momfew by may at no of and M ONr011M t pMarOO.
Qy ~• � 4
* � AVOLtGl��►,
fam 2mo8334IMay. EMI N.V. MO. MAIL
AckraWwdW 0nd Sworn to bammra n0
on un am abas wrww
/i
Mmy K @Wd#j N01aly fllbka
Nmdry Pulft SW at Now van NO.2s-02MO
alowad Mr Kmp C A* — Ctktt mw ON in Now v01k CAW"
r-," 1aaon aao m MMndr 30. IM
ova+
85-498
' .t. YOrtK
One Liberty Pinta 8. 165 Pr6ndwny
(.Ion ♦ 11 111
H.A. W31liame... ...... .... ...... ....................... ........... ............ ...........lUelttalc:nll
That he is the Vice President of Plerri11 Lyncht
Ir�tllc i1�i1� ���11iii ili lh„�,` ;IttJ �ilv.. Pierce t Fenner & smith Incorporated with offices
located within the aforesaid premises.
Thal caul Jul"11K•11t lcmitles ut
..........................................................................................................................
11•t:.111% les-114111%ll►Ir fat evrtulm securities iiKm particularly tkrsterihed an lullu%rtl:
Jlltl 1� (fit- It•t;ltl :IINI Ip•111•11vial mviter III
(Gs.o temple -to desg.sutsen of tlse lest, %talon or dost.eirod seev►lless. Inelvdinll, it 11e9111, ell. neobsr, close,
nva►ee of $hens send snennsr .oeistered; it bends, title of issue, boo "oboe, loge elsesent, date el pettiest
co.rtl#n ettocbed when lost, stolen or destrered end, 11 reltleNred, sonnet of e#listreNon.)
$1000000 The City of Miami Housing Bond Reg. 1984 Series 10.30% due 6/1/2006
Certificate number RH06-215 registered in the name of Merrill Lynch Pierce
Fenner & Smith Inc.
I hill. ill(, alal s e uritit:s• 1 wlWell., { ctldoned. !11' ei Jur
sedr dcacriUu exact mariner of cltllurtsum�:nl.l
......................................................................................................................................................
'lilted t►r111K•r the Silal ;1evisriticsi m it UK: rights of ill- dCllllttent In Ust- said tt4curition 112W. ill wIFjIU or
Ili Iarl. I2L•1•11assigned. 11untili ned. hyputhec•att:d. pledged ur uUwrwise dtt•ppcw ul':
111:11. t1a! tlepuurnt Is etltitled to Uic lull and exclusive l"vession of Ulu fluid IlCCuritics
' 'I hat on or (►bout.. 21AI85.. The�.Above...Desctibed..Security
(vescrshe in detest the ct.cumstences sur.wrndtne Ih# less. IWO of destruction of N1e socwl/ies end slot
e#lorl he$ been node to ##cute thew.#
disappeared from the ........ h�tvQ„m��e•,
or cau�eri .>;o, bP•.mnOe.•enquires of,1.1 ,persons in ,whose,,custody
the security ttnP..been..or is„lileply •to„be„bust„wholly,,wthout•,:succes
i
and I believe the•. � me to hive .been_ lost�,,misl dr, stolenx,,,or................
de^troyed...•..Th'1R... EtfI'laity .t... ?S...Il1kl�.�... 'o ... h.�...P.urAog.0.. 41:..�flduc n8...�.......
4 The City of..Miami..11oua.ng .attd..tA...issue..xepLaaemeat..ca�tifi.caks..�.n..L.itu..>:hxeA.n
_. :.. .
... ....... . ... I ...............................................................................................................................
It. I:, undin simml that the word "mecurities" mentioned herein slmll atuan one or hoary Uloa On
1lartit•tilar im-4tnlntent w duculyent an nbuve described.
belurc• 11 lltts..kth.......
dity r .....
19 .. 5
PUNSC. I.•(c.
IUatc ell •xpintliun or culmnun%loin as wall aaa
owl of le Notary sbuuW bu affixed.)
' HENRY NOLLA1 M*N,. ,j
r.
Notary public. state of Nett ,e ,
Ne.31.804=t
Qualilied in Now Yak C
Call""on Upires Mersa O30.1210
( e ure(s) of eponenl(a))
8e. —49