Performance Bonda
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1990
_ 1 ' O"'T INSU-Aloe
International Fidelity Insurance Company
SURETY BONDS
HOME OFFICE: 24 COMMERCE STREET
NEWARK, NEW JERSEY 07102 Bond #856994
TEL. 201-624-7200
KNOW ALL MEN BY THESE PRESENTS: That we, the undersigned,
EMCEE Broadcast Products P. 0. Box 68 Susquehanna St. Extension White Ha�MPriRlfipal,
and INTERNATIONAL FIDELITY INSURANCE COMPANY, of Newark, New Jersey, a corporation organized and
existing under and by virtue of the laws of the State of New Jersey, and duly authorized to transact business in the
State of Pennsylvania , as Surety, are held and firmly
bound unto Board of County Commissioners
Monroe County
in the penal sum of
Three hundred thirteen thousand five hundred fifty one 80/100 (313.551.80) Dollars,
for payment of which well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors,
administrators successors and assigns.
SIGNED and sealed this 29th day of August A.D. Nineteen hundred and 90
THE CONDITION OF THE ABOVE OBLIGATION IS SUCH THAT, WHEREAS, the above named Principal did
on the day of 19 enter into a written contract with Board of County
for selling & installing transmitting equipment Commissioners Monroe County
or TV's
which said contract is made a part of this bond as though set forth herein:
NOW, if the said EMCEE Broadcast Products
shall well and faithfully do and perform'the things agreed by them to be done and performed
according to the terms of the said contract, and shall pay all lawful claims of sub -contra -,tors, materialmen,
laborers, persons, firms or other suppliers of implements or machinery furnished, used or consumed in the carrying
forward, performing or completing of said contract, we agreeing and assenting that this undertaking shall be for the
benefit of any sub -contractor, materialmen, laborer, person, firm, or corporation having a just claim, as well as for
the obligee herein; then this obligation shall be void; otherwise the same shall remain in full force and effect; it being
expressly understood and agreed that the liability of the surety for any and all claims hereunder shall in no event
exceed the penal amount of this obligation as herein stated.
No suit or action shall be commenced hereunder by any claimant or obligee:
a) Unless claimant, other than one having a direct contract with the Principal, shall have given written notice
to any two of the following: The Principal, the Owner, or the Surety above named, within ninety (90) days
after such claimant did or performed the last of the work or labor, or furnished the last of the materials for
which said claim is made, stating with substantial accuracy the amount claimed and the name of the party
to whom the materials were furnished, or for whom the work or labor was done or performed. Such notice
shall be served by mailing the same by registered mail or certified mail, postage prepaid, in an envelope
addressed to the Principal, Owner or Surety, at any place where an office is regularly maintained for the
transaction of business, or served in any manner in which legal process may be served in the state in which
the aforesaid project is located, save that such service need not be made by a public officer.
b) After the expiration of one (1) year following the date on which Principal ceased work on said Contract,
it being understood, however, that if any limitation embodied in this bond is prohibited by any law con-
trolling the construction hereof such limitation shall be deemed to be amended so as to be equal to the
minimum period of limitation permitted by such law.
c) Other than in a state court of competent jurisdiction in and for the county of other political subdivision
of the state in which the project, or any part thereof, is situated, or in the United States District Court
for the district in which the project, or any part thereof, is situated, and not elsewhere.
Signed, sealed and delivered EMCEE Br adcast Products
in the presence of: Principal:
Attest: - INTE*RNELITY URANCEC ANY
Attest: By:Li da A. Doheny Jot Attorney -in -Fact
INTERNATIONAL FIDELITY INSURANCE COMPANY
24 COMMERCE ST., NEWARK, NEW JERSEY 07102
STATEMENT OF ASSETS, LIABILITIES, SURPLUS AND OTHER FUNDS
AT DECEMBER 31, 1989
ASSETS
1989
Bonds (Amortized Value) ..............................
$43,223,254
Preferred Stock .......................................
1,000,000
Common Stocks (Market Value) .........................
1,145,223
Mortgage Loans on Real Estate .........................
85,923
Real Estate ..........................................
57,440
Cash & Bank Deposits .................................
9,705,568
Short Term Investments ................................
5,259,089
Unpaid Premiums & Assumed Balances ..................
744,557
Reinsurance Recoverable on Loss Payments ...............
1,914,748
Electronic Data Processing Equipment ....................
214,255
Interest & Dividends Due and Accrued ...................
1,148,652
Equity in Pools and Associations ........................
93
Funds Held in Escrow Accounts ........................
5,889,100
Collateral Funds Held Under Contract ....................
(5,889,100)
Contract Balances Due and Unpaid ......................
275,672
TOTAL ASSETS ................................ $64,774,474
LIABILITIES, SURPLUS & OTHER FUNDS
Losses (Reported losses net as to reinsurance ceded and
incurred but not reported losses) ........................
$22,809,554
Loss Adjustments Expenses .............................
7,836,057
Contingent Commissions & Other Similar Charges .........
168,329
Other Expenses (Excluding taxes, licenses and fees) ........
156,993
Taxes, Licenses & Fees (Excluding Federal Income Tax) ....
370,934
Federal and Foreign Income Taxes .......................
418,000
Unearned Premiums ...................................
18,805,573
Funds Held by Company Under Reinsurance Treaties .......
85,460
Accounts Withheld by Company for Account of Others .....
13,920
Liability for Unauthorized Reinsurance ...................
7,152
Liability for Uncashed Checks ..........................
57
TOTAL LIABILITIES ........................... $50,672,029
Common Capital Stock ................................ 1,330,000
Preferred Capital Stock ................................ 1,200,000
Gross Paid -in & Contributed Surplus ..................... 544,600
Unassigned Funds (Surplus) ............................ 11,027,845
Surplus as Regards Policyholders ................... 14.102,445
TOTAL LIABILITIES, SURPLUS & OTHER FUNDS $64,774,474
I, PHILIP KONVITZ, President of INTERNATIONAL FIDELITY INSURANCE COMPANY, certify that the
foregoing is a fair statement of Assets, Liabilities, Surplus and Other Funds of this Company, at the close of business,
December 31. 1989. as reflected by its books and records and as reported in its statement on file with the Insurance
Department of the State of New Jersey.
IN TESTIMONY WHEREOF, I have set my hand and affixed the seal
I Y //VC. of the Company, this February 28. 1990.
FOR 9
SEAL 3 INTERNATIONAL FIDELITY INSURANCE COMPANY
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