Performance Bond_5 1
September 9, 1991
Mr. James R. Paros
COUNTY OF MONROE
Division of Public Safety
5192 Overseas Highway
Marathon, FL 33050
Dear Mr. Paros:
BROADCAST PRODUCTS
RECEIVED
S E P 10 1991
Attached please find our performance bond for the Grassy Key site
upgrade. We look forward to receiving your proceed to work order.
Sincerely,
Pohn Saul
Vice President
JS/slb
Attachment
P.O. Box 68 • Susquehanna St. Ext. • White Haven, PA 18661 • 717 -443- 9575 9 800.233. 6193 • FAX 717.443.9257
n.
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International Fidelity Insurance Company
SURETY BONDS
NHOME OFFICE: 24 COMMERCE STREET
NEWARK, NEW JERSEY 07102
T E L 201$24.7200
••_= BOND #871585
KNOY ALL MEN BY THESE PRESENTS: That we, the undersigned,
EmCee Broadcast
P.O. Box 68, Susquehanna St. Ext. off Rt 437, White Haven, PA 18661 as Principal,
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 Florida , as Surety, are held and firmly
bound unto County of Monroe
5192 Overseas Highway, Marathon, FL 33050
Three Hundred Forty -Six Thousand Four Hundred Fifty -Six and 00/100 in the penal sum of
($346,456) 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 4th day of September " A.D. Nineteen hundred and 91
THE CONDITION OF THE ABOVE OBLIGATION IS SUCH THAT, WHEREAS, the above named Principal did
on the 7th day of August 19 9lenter into a written contract with County of Monroe
for Proposal No. 7675, Translator modification
which said contract is made a part of this bond as though set forth herein:
NOW, if the said EmCee Broadcast
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 EMCE ROADCAST
in the presence
/of:
, Principal:
Attest: Vk `��-c/( ' `• ��-- INTE A A FIDE T Y INSU E COMPANY
Attest: By:
Sally Gibnj6 J04 G. Weisbrot, Attorney -in -fact
' IN71ERNATIONAL FIDELITY IINS"I UMM COMPANY
• _24 COMMERCE ST., NEWARK. NEW,> SET07102
STATEMENT OF-kSSETS. LIABILITIES, SURPLUS AND OTHER FUNDS
AT DECEMBER 31, 1990
ASSETS
Bonds (Amortized Value) ......................................
S53.525.061
Preferred Stock ...............................................
500.000
Common Stocks ( Market Value) ................................
1.542.365
Mortgage Loans on Real Estate ............................... . .
83.446
RealEstate ..................................................
54.260
Cash At Bank Deposits .........................................
5.833.402
Short Term Investments .......................................
7.173.553
Unpaid Premiums & Assumed Balances ..........................
1.367.667
Reinsurance Recoverable on Loss Payments ......................
1.366.742
Federal Income Tax Recoverable ..............................
990,000
Electronic Data Processing Equipment ...........................
239.643
Interest & Dividends Due and Accrued ...........................
1.149.473
Funds Held in Escrow Accounts ................................
I2,008.886
Collateral Funds Held Under Contract ...........................
(12.008.886)
Contract Balances Due and Unpaid .............................
388.159
TOTAL ASSETS ................................
S74.213.771
LIABILITIES. SURPLUS & OTHER FUNDS
Losses (Reported losses net as to reinsurance ceded and
incurred but not reported losses) .............................. S27.507,375
LossAdjustments Expenses .................................... 9,480.267
Contingent Commissions & Other Similar Charges ................ 199.774
Other Expenses (Excluding taxes, licenses and fees) ................ 166.953
Taxes, Licenses & Fees (Excluding Federal Income Tax)............ 405.863
Unearned Premiums ........................................... 18,385.738
Funds Held by Company Under Reinsurance Treaties .............. 57,970
Accounts Withheld by Company for Account of Others ............ 12.146
Liability for Unauthorized Reinsurance .......................... 798,063
Liability for Uncashed Checks ................................. 57
TOTAL LIABILITIES ............................. S57,010.206
Common Capital Stock ........................................ 1.330.000
Preferred Capital Stock ........................................ 1,200.000
Gross Paid -in & Contributed Surplus ............................ 544.600
Unassigned Funds (Surplus) ................................... 14,128,%5
Surplus as Regards Policyholders .................... 17.203.565
TOTAL LIABILITIES, SURPLUS & OTHER FUNDS S74,213.771
1, Francis L. Mitterhoff, 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. 1990. 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.
v SM �
''904
IN TESTIMONY WHEREOF, I have set my hand and affixed the seal of
the Company, this February 28. 1991.
INTERNATIONAL FIDELITY INSURANCE COMPANY