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HomeMy WebLinkAbout296aNational. Bank of Lamar. Introduced SanuarV 28 ___ ,1929 By Co ssioner. i �i rT ' ' R X 8 0 L U i I. O Xw . ; 7 ' BE IT RESOLVED BY THE COUNCIL OF PLMIOT 4 ' That the Band. of the First National ank of Lamar as Principal and the United States Fidelit d W4,6anty 6ompany as Surety, in the sum of $52 ,980.00, - dated January 11.2, 1929, be received and filed and that the proper City Officials be and they are hereby authorized to execute and deliver to the First National Bank of Lamar, duplicate bonds as followst Bruner Park Paving Distri Bonds Nos. 34,3 73 and 74, dated May 1, 1924; Eiler Paving District Bonds. Nos. 20,21,,22,23 and 24, dated May 1, 1925; Newport Paving District Bonds Nos. 41 and 43, dated November 1, 1922; Summit Paving District Bonds. Nos. 10, 12,1.4,16 an&118, dated May 1 1925; Blake Paving District Bonds Nos. 3 and 40, dated ...4 May. L, 19240 n_ °> 7arrther that the City Clerk is here4y­anli and directed to send a copy of this Resolution to the First National. Bank of Lamar. Introduced SanuarV 28 ___ ,1929 By Co ssioner. _ntko '- /A2 . r ,s N0. _ BALTIMORE, MARYLAND. $ ____.. KNow ALL mEN BY THESE PRES NTS, That the First National Bank of Tamar, Colorado', as Principal (hereinafter called the "Principal "), and the United States Fidelity and Guaranty Company, duly authorized to transact the business of indemnity and suretyship in the State of Colorado and having an office and place of business in said state at Denver, Colorado, as Surety (hereinafter oalled° "the "Surety "), are held and firmly bound unto the City of Pueblo, Colorado, a corporation duly organized and existing under and by virtue of the laws of the State of Colorado; its legal representatives, successors and assigns, (hereinaf- ter called the "Obli so "), in the sum of FIFTY -TWO THOUSAND, NINE HUN- DRED EIGHTY DOLIARS 4152,380.00), LAWFUL MONLY OF THE UNITED STATES, to be paid to the Obligee, its legal representatives, successors and assigns, for which payment, well and truly to be made, the Principal and Surety bind themselves, their respective 'legal representatives, successors and assigns, jointly and severally, firmly by these pres- ents* Sealed with our seals and exeouted this twelfth day of January, nineteen hundred and twenty- nine.' WHEREAS, the Principal represents that it is the owner of City PwsaB3a0►, Bruner Park Paving District, Bonds Nos. 34, 35, 36, 37, 38, 70, 91 7 2 73 sncl7 all issued under date of let,= - 19f; and a-due May 1st, 1944 each in the amount of $1 000.00, with interest coupons maturing after May 1st, 1928 attached hereto; City of Pueblo, Eile� Paving District, Bonds Nos. 20, 21, 22, 23 and 24, all issued under date of May lot, 1925, and all dine May lst, 1945 each in the amount of $1,000.00, with interest coupons maturing after May lst, 1928 at- tached thereto; City of Pueblo, Newport Paving District, Bonds Nos. 41 and 43, all issued under date of November lst, 1922, and all due November lst, 1942, each in the amount of 1,000.00 with interest coin* pons maturing after May lot, 1928, attache thereto; City of Pueblo, The Summit Paving District, Bonds Nos. 10, 12, 14, 16 and 18, all is- sued under date of May lst, 1925, and all due May 1st, 1945, eaehin the amount of $1,000.00, with interest coupons maturing after May lst, 1928 attached thereto; and City of Puebla, Blake Paving District, Bonds Nosy. 36, 37, 38, 39 and 40, all issued under date of May lst, 1924, and all due May lst, 1944, each in the amount of $1,000.00, with interest coupons maturing after May lst, 1928, attaohed.thereto; and that all said bonds and interest coupons have been lost, stolen or des- troyed and eannot be found or produced: by force of which the Principal has requested the Obligee to issue to Principal or to Principal's order duplicates of said several bonds and interest coupons; or to pay to Principal or .credit_ to Prinoi.pal's aaegunt the face amount of the said several bonds (and interest thereon at the agr ®e d erte to ' tYie dii a of said payment), without the surrender thereof for cancellation; and ha also requested that the Obliges stop payment on said bonds and interest coupons so represented to have been lost, stolen or destroyed; and WHEREAS, on the faith of the for representations and in con- sideration of this bond of indemnity, the Obligee has agreed with the Principal to duplicate said bonds and interest coupons so represented to have been lost, stolen or destroyed; or to pay to Principal or to credit Principal's account with the face amount of said bonds (with in- terest thereon at the agreed rate to the date of said payment) _without the surrender of said bonds and interest coupons for cancellation; NOW, THEREFORE, THE CONDITION OF THIS OBLIG&TION IS SUCH, That, if the Principal, its legal representatives, successors or assigns, or any of them, shall in case said lost, stolen or destroyed bonds and interest coupons be found or come into the hands or power of any of them, or into-, hands, custody or power of any person, deliver or, _GNU 1 /ti 1144 sit r2 No. BALTIMORE, MARYLAND. S cause the same to be delivered unto the Obligee for cancellation; and shall also at all times indemnify and save harmless the Obligee from and against any and all claims, actions and suits, whether groundless or otherwise, and from and against any and all liabilities, losses, damages, costs, charges, counsel fees and other expenses of every nature and character, by reason'of the said bonds and interest coupons so rep- resented to have been lost, stolen or destroyed and /or the issuance of new bonds and interest coupons or duplicates thereof; or the paying or crediting of the face amount of the said bonds (with interest thereon at the rate agreed to the date of said payment) represented to have been lost, stolen or destroyed, without the surrender thereof; or the paying or transferring or registering in any manner by the Obligee of said original bonds and /or interest coupons, or any of them, so repre- sented to have been lost, stolen or destroyed, whether or not caused by, based upon or arising out of inadvertence, accident, oversight, neglect, or for any other reason, on the part of the Obligee or its respective officers, agents, clerks and employees and /or omission or failure to inquire into, contest or litigate the right of any applicant to receive any payment, credit, transfer, registration, exchange or delivery, in respect of the original of any of said bonds and interest coupons, rep- resented, as aforesaid, to have been lost, stolen or destroyed, and /or the duplicate or duplicates issued in lieu thereof and /or caused by, laced upon or arising out of any other matter or thing'whatsoever; and reimburse t Obligee immediately upon its demand, far or:� - on account of any or all such payments made by the Obligee or its respective officers, agents, clerks or employees, in the full amount of any and all such lia- bilities, losses, damages, costs, counsel and other fees, and expenses: then this obligation shall be void, otherwise to remain in full force and effect. And the Principal and Surety hereby agree with the Obligee that any obligation or liability of the Surety under this bond may be enforced against the Surety by the Obliges without prior demand upon or any precedent legal or other action or proceeding against the Principal; and the Surety hereby relinquishes and waives any right or privilege under or by virtue of the laws now or at any time hereafter in force in any jurisdiction, requiring any such demand or any legal or other action or proceeding against the Principal, as a condition precedent to the ac- orual of any obligation of the Surety under this bond or to the enforce- ment against the Surety by the Obligee of the obligations of the Surety herein expressed. -- FIRST NAT ONAL B OF LAMAR, COLORADO. B y�� e SlCLent . - Atte s er. Attest: r S ecretary* UNITED Attest : s core ary. COMPANY RESOLUTION OF BOARD OF DIRECTORS OF THE United States Fidelity and Guaranty Company Relating to the Execution of Bonds and Other Undertakings On motion made and duly Seconded at th regular meeting of the BOARD OF DIRECTORS OF THE U NITED STATES FIDELITY AND GUARANTY COMPANY called and held at the HOME OFFICE of the Company in the City of Baltimore, on the 9th day of December, A. D. 1901, at which was present a quorum of said Directors, as the same appears on the records of the Company, the following reso- lution was unanimously adopted: "RESOLVED, That the President or one of the Vice-Presidents and the Secretary or one of the Assistant Secretaries, be and they are hereby authorized and empowered to execute and deliver any and all bonds, recognizances, obligations, stipulations, under- takings or anything in the nature of either of the same allowed or required by law, municipal or otherwise, of the rules, regulations, orders, customs, practice or discretion of any boards, body, organization, office or officers, local, municipal or otherwise." LIST OF OFFICERS At a meeting of the Board of Directors of the United States Fidelity and Guaranty Company, called and held for the purpose of electing officers of said Company, at the Home Office of the Company, in the City of Baltimore, State of Maryland, on the 16th day of January, 1928, at which a quorum was. present, the follo were unanimously elected officers of said Company: R. HOWARD BLAND, x. a 3 s. >l r g° s 2�` "POESIDENT EDWIN W. LEVERING, JR .... ......... ........................ .----- Vice-President J. K EMP BARTLETT ................Vicc- President and General Counsel CHARLES L. PHILLIPS... ............ ............... ............... Vice-President W. W. SYMINGTON .... ...... ................. Vice-President and Secretary SIDNEY HALL ....° -------------------- . ------------ .-------------------- Vice - P resident W. GEORGE HYNsON ..................... ...Vice- President and Treasurer M. BARRATT WALKER ........... .................................... Vice-President JOSEPH W. BRISTOR .... ... Vice- and Assistant to President JAMES W. CAIN .......................................................... Vice •President D. Z. DUNOTT M. D .. ............................... .................Vice - President W. A. EDGAR .............................................................. Vice-President C. J. FITZPATRICK .................................... ..................ViC& T. HARTLEY MARSHALL .... ............................... .........Vice - President S. BLOUNT MASON JR ............................................... Vice•President JOSEPH F. MA TTHAI .................................................... Vice •President L. R. SOLLENBERGER .................... .............................. Vicc- President THE FINANCIAL STATEMENT OF THE UNITED STATES FIDELITY AND GUARANTY COMPANY BALTIMORE, MARYLAND At the Close of Business December 31, 1927 COMMENCED BUSINESS AUGUST 1, 1896 Par Value. ASSETS Market Value. LIABILITIES. $ 6,408,000.00 Goveinment Bonds ________________ ______ $ 6,658,017.50 Capital Stock paid in cash ------------------------------ 8.863,664.49 Baltimore City and other Municipal, State ......................Assistant Secretary Funds held under Reinsurance Treaties ________________ ___ and County Bonds ____________________ 9,153,895.21 Due for Return Premiums and Reinsurance ---------------- 8,585,000.00 Railroad Bonds _________________________ 8,849,887.50 Reserve foe 1928 Taxes and Expenses in Transit ------ - --- 7,852,000.00 Public Utility Bonds ____________________ 8,067,017.50 Commissions accrued on uncollected premiums _____________ 3,952,002.21 Miscellaneous Bonds _______________ _ _____ 3,974,239.71 Premium Reserve Computed in Accordance with 1,Z1Q Railr _ . ,_____ 1,284.3Z4.00 ofreaunts of New York Insurance De- $11',946.133430 -- =- - -- S96"m.00 Banc an",rust Company Stocks --------- 791,121.00 2,143,096.00 , - _ --- "- --- -'- -------- - _ __ Reserve for Claims Admitted and not­-A4-- 1,912,3 Miscellaneous Stocks _ _____ _______ _ __ _ ___ 2,364,1 mitted, in all departments, including cost St S $39,904,336.70 Total Bonds and Stocks--Market Values De, of adjustment, in accordance with New York Laws _________ 18,483,921.98 ,ember 31st, _______ __Value___ Home Office Building appraised by Insurance Department of $43,285,798.42 _________________ Surplus __ _______________________________ 11,246,490.42 Maryland ----------- ------- --- ------- -- --- ---- - --- New 1,164,674.48 \ York Office Building, appraised by Insurance Department of New York ------ ------- ------- --- ---- ---- -- -- -- 1,029.055.73 \ Philadelphia Office Building _______________________ ______ 325,245.07 \\ Other Real Estate -------------------------------------- 14,321.21 Loans secured by pledge of Collaterals ___ _________________ 11,622.25 Cash on Hand and in Depositories ____________ ___________ 4,193,263.44 Premiums in course of collection, not more than three months due - - ---- -- --- - - ---- ---- - - --- -- ---- 7.060.325.70 \ Deposit with Workmen's Compensation Reinsurance Bureau__ 249,012.48 Interest due and accrued _____________ __ 527 724 89 G. PORTER HOUSTON ......... ............................... Cotnpttoller•Auditor CHARLES C. CO NLON ..... ......... ... ....................... .Assistant Secretary WILLIAM B. HILL ......... ............................... ........Assistant Secretary FRANK J. MAGUIRE ........................ ........ ..............Assistant Secretary HARRY C. MCM ECHEN .................. ......:...............Assistant Secretary WILLIAM E. MOORE ...................... ......................Assistant Secretary R. H. MOTTU . ............................... ......................Assistant Secretary SULLIVAN PITTS ........................... ......................Assistant Secretary JOHN N. RICHARDSON ................... ......................Assistant Secretary THOS. P. STRAN, JR ..... ............................... "........Assistant . Secret47y GLOVER C. TRENHOLM ........................... ........... Assistant Secretary CHARLES G. WHYTE .................. ......................Assistant Secretary CHARLES V. 11EMSLEY ............................... ._ ..... Assistant Secretary F. IRVING COOKE ............ ................Assistant Treasurer and Cashier JOSEPH W. CROOK ....... ............. ........ ......................Assistant Auditor HENRY PATTERSON ......................... . ....................Assfsta,tt Aud it07 $ 7,500,000.00 636194.08 164,042.81 1,202,420.09 1,335,863.96 47,670,644.70 Due for Subscriptions, Department of Guaranteed Attorneys__ 129,450.14 -- Accounts with Suspended Banks ______________ ____________ 49,588.44 Amount due from Reinsurers on Paid Losses _______________ 24,063.71 Other Assets ------------------- ------- ---- ----- - - - - - -- 43,120.58 $58,509,26674 $58,509,266.64. I HEREBY CERTIFY, That the above Resolution is a true and correct copy of the Resolution of the Board of Directors of the United States Fidelity and Guaranty Company passed on the 9th day of December, 1901, at its regular meeting at the office of the Compay in the City of Baltimore, and that said Resolution is still in force. I DO FURTHER CERTIFY, That the above list of officers is a true and correct list of the officers of the United States Fidelity and - Guaranty Company duly elected at the meeting of the Board of Directors of said Company, held on the 16th day of January, 1928, and that said parties continue as said officers at the present time. _ I DO FURTHER CERTIFY, That the above financial statement is a true statement of the assets and liabilities of s pany as of December 31, 1927, taken from the books and records of said Company, and that nancial condition of the , l7innany is this day as favorable as when said statement was made. IN TESTIMONY WHEREOF, I hereunto subscribe my name and affix the seal Comps his___ day of----- January--------- - - - - -, »c 1929. ........... CITY OF BALTIMORE, Assistars ccrretary. "--�- STATE OF MARYLAND, sa c 1,_ _ Th ___ os• K• Bear i � a Notary Public for the State of Maryland, residing in the C' altimore, $late of Maryland, do hereby certify that on the ---------- Nt _____day of__.____!Ta - A. D.]1� before me, in the City of Baltimore, and State aforesaid, personally came___ Lawrence Ra Soll$nberger ------- --- - - - - -- ------------------------------ - - - - -- and I'1" ' • McMeohen g y y pose and say that they reside in the ------- Vice - President and Assistant Secretary, respectively, of the United States Fidelity and Guar - anty. Cosrpany, descAed Aa and which executed the attached instrument, that the seal affixed to said instrument is such corporate seal, and timt it was so affixed by order of the Board of Directors of said Corporation, and that they signed their names thereto by like order. - . O FURTHER CERTII -f, That -- Qbg rle a _C 0 _ C onlon -__ - -- the said Assistant Ser et3ry of the t3niStates Fidelity and Gua>:anty Company, did depose and say that the aforegoing statements, to which he certified, arc true and, corla-yn every particular. _ _IN WITTjESS WHEREOF-,-I have hereunto set my hand and affixed my official seal in the City of Baltimore, is the State ,k >re- seid ~this-- - - - - -- ZO tYl ---� -_ ` - -- -day of - - - - -- Ja A. D. 29 • ..... .................... .. .: ... . My copmussian _explxe8 the first Monday in May 19- 29 ota - A 7- - st .. STATE OF COLORADO) COUNTY QF PROW (see 1 /�J � , a Notary kai►i.io !'rowers Count in and for said County, in the State aforesaid, do hereby certify that Lewis Barmm and J. C. Cloudy, who are personally known to sb to be the same persons whose names are subscribed to the foregoing bond as having executed the Same respectively as Vice president and Cashier of -The First rational ,B of Lamar. Colorado, a corporation, and who are down to as to be such officers, respectivel a PPeared before ms this day in person, and severally acknowledged: Rat the seal affixed to the foregoing instrument is the corporate seal of said corporation; that the same was thereunto affixed by the authority of said corporation; that said instrument was by litre authority subscribed with its corporate name; that the said Lewis urea is the Vice President of Bald corporatio and the said J. C. Cloudy is the Cashier thereof; that by the authority Of said corporation they respectively subscribed their names thereto as Vice President and C and that they signed, sealed and delivered the said instrument of writing as their free and voluntary act and deed, and as the free and voluntary sat and deed of said corporation for the uses and purposes therein sot forth. Given tender mW hand and notarial soil, this ZZ &W 0501'11 ~f A. D. 1929. - -- • MY Commission expires etaty is .. . Lamar, Colorado, September 27, 1928 The Boar. of Directors not at lO :pO A. Ii. in the directors+ room of The lust Utional B a nk of Lamar at a call of the President, woad C. C. Thatcher, with the following directors present: larmsad Co C. Thatcher; yetis Barnum, C. B. Carlile, Mrs, 16 W A. Parrish • and J. C. Gaudy. The minutes of the last meeting were read and approved. Sa retie* of V. B. Carlile, and socended by Lewis Barnum, the following resolution was unanimously adopted: BBSOLM, That the President and C or the Vice - President and C are hereby authorised and dirscted to a*ecute for and in behalf of The Brat 8atienal B of Lamar * * i*demity boa" to procure duplicate bonds and coupons thereto attached for those stolen by bandits en lky 23, 1928. the ar there being no further business to come before the Board, eting adjourned until the *eat regular mee Of the President, Oice. or Cashier. or at a call meeting Attest: Rymoad C. C. Thatcher (Signed) J. C. Aeudy (Signed) Lewis Barama (Signed) C. B. Carlile (Signed) yrs. 169 A. Parrish (Signed) STATE OF COLORADO ) COUNTY OF P80WA8S )as. follows Is J. C. GOVA r, of Lamar, Colorado, do hereby certify as That I have been cashier of The first Yatieaal Baak of Laaar, Colorado since June 1 192!! and an *ow such cashior, and a s saah am in Charge of and in the possession of the records of Bald bang, which show that: That on September 27, 1928, the entire board of directors of said bank consisted of the following named persoas, to -Witt Raymond C. C. Thatcher, Lewis Barnum, C. B. Carlile, May A. Parrish and J. C. Ccudy. 'That I do also eortify that the alcove and foregoing minutes are a tray oopy of saoh of the minutes of a meeting of the beard of directors of said bank, held on September 27, 1929. an pertain is the m"ut on of the iade=L,ity bond attached horsto. IN IITUSS Mme' I be 04=to not JW hand and affixed the Goal of said bang thisorR P' day , A. D, - 192% .