Performance Bond Tall Trees Bond No. 1069817 18
PERFORMANCE / MAINTENANCE BOND
Travelers Casualty and Surety Company of America,300 Windsor Street,Hartford,CT 06126)as surety ("Surety"),
(insert Proper Name of Surety)
and Sun Up Enterprises,Inc., 1607 Route 376,Wappingers Falls,NY 12590
(Insert Proper Name of Contractor)
as principal ("Contractor'), enter into, execute this bond ("Performance Bond"), and bind
themselves in favor Of Town Board,Town of Wavoinger,20 Middlebush Road,Wappingers Falls,NY 12590
(insert Proper Name of Owner)
as obligee ("Owner")in the penal sum of$ 92,400.00(Ninety Two Thousand Four Hundred and 00/100 Dollars)
(Insert Penal Sum)
as of the September 21,2018 . This Penal Sum shall be deemed
(insert Date of Construction Contract)
increased in the same amount that the contract price increases pursuant to change orders
executed by the Owner and Contractor (see Article 5 of the General Conditions of
Contract).
herewith("Construction Contract")for construction Of United Wappinger Water District
Tall Trees Water System Abandonment-Contract No. 17-020
Project No.1W21215.20-General Construction
(insert Description and Location of the Construction Project)
and,
WHEREAS, the Owner has required the Contractor to furnish this Performance Bond
containing the terms and conditions set forth herein as a condition to executing the
Construction Contract with the Contractor:
NOW THEREFORE, the Surety and the Contractor, both jointly and severally, and for
themselves, their heirs, administrators, executors and successors agree:
1. The Construction Contract is hereby incorporated herein and by reference made a
part hereof to the same extent and effect as though it were copied verbatim herein.
The Surety and the Contractor are bound for the full performance of the
301009
Construction Contract including without exception all of its terms and conditions,
both express and implied.
2. If the Contractor is in default of the Construction Contract and the Owner, by written
notice to the Contractor and the Surety, declares the Contractor to be in default and
terminates the right of the Contractor to proceed, the Surety shall thereupon
promptly notify the Owner in writing as to which of the actions permitted to the
Surety in Paragraph 3 it will take.
3. Upon the default and termination of the Contractor and notice to the Contractor and
Surety as provided in Paragraph 2 above, the Surety shall within 30 days proceed
to take one or, at its option, more than one, of the following courses of action:
a. Proceed itself, or through others acting on its behalf, to complete full
performance of the Construction Contract including, without limitation,
correction of defective and nonconforming work performed by or on behalf of
the Contractor. During such performance by the Surety the Owner shall pay
the Surety from the Owner's own funds only such sums as would have been
due and payable to the Contractor in the absence of the default and
termination;
b. Applicable law permitting, and with the prior written consent of the Owner,
obtain bids or proposals from contractors previously identified as being
acceptable to the Owner, for full performance of the Construction Contract.
The Surety shall furnish the Owner a copy of such bids or proposals upon
receipt of same, The Surety shall promptly select,with the agreement of the
Owner, the best responsive bid or proposal and shall promptly tender the
submitting contractor a contract to be executed by the contractor for
fulfillment and completion of the original Construction Contract, The Surety
shall then promptly forward the signed contract to the Owner for the Owner's
execution together with a performance bond and a separate payment bond,
each in the form of those bonds previously furnished to the Owner for the
project. Each such bond shall be in the penal sum of the (1) fixed price for
completion, (2) guaranteed maximum price for completion, or(3) estimated
price for completion, whichever is applicable. The Owner shall pay the
Completing Contractor from the Owner's own funds only such sums as would
have been due and payable to the contractor under the original Construction
Contract as and when they would have been due and payable to the
contractor in the absence of the default and termination. To the extent that
the Owner is obligated to pay the Completing Contractor sums which would
not have then been due and payable to the contractor under the original
Construction Contract, the Surety shall provide the Owner with such sums in
a sufficiently timely manner that the Owner can utilize such sums in making
timely payment to the Completing Contractor; or,
300010
C. Take any and all other acts, if any, mutually agreed upon in writing by the
Owner and the Surety.
4. In addition to those duties set forth hereinabove, the Surety shall promptly pay the
Owner all loss, costs and expenses resulting from the Contractor's default(s),
including, without limitation, fees, expenses and costs for architects, engineers,
consultants, testing, surveying and attorneys, liquidated or actual damages, as
applicable, for delay in completion of the Project, and fees, expenses and costs
incurred at the direction, request, or as a result of the acts of omissions of the
Surety.
5. In no event shall the Surety be obligated to the Owner hereunder for any sum in
excess of the Penal Sum.
6. This performance bond is provided by the Surety for the sole and exclusive benefit
of the Owner and, if applicable, any dual obligee designated by rider attached
hereto, together with their heirs, administrators, executors, successors or assigns.
No other party, person or entity shall have any rights against the Surety hereunder.
7. Any and all notices to the Surety, the Contractor or the Owner shall be given by
Certified Mail, Return Receipt Requested, to the address set forth for each party
below.
Surety: Travelers Casualty and Surety Company of America
300 Windsor Street,Hartford,CT 06120
Hartford,CT 06120
Contractor: Sun Up Enterprises,Inc.
1607 Route 376
Wappingers Falls,NY 12591)
Owner:Town Board,Town of Wappinger
20 Middlebush Road
Wappingers Falls,NY 12590
& Any action hereon may be instituted so long as the applicable statute of limitations
governing the construction Contract Agreement has not run out or expired, any
limitation that may be contractually superseded to the contrary notwithstanding.
300011
9. Bond Conversion
Upon receipt of the Engineer's Certificate of Final Completion, this
performance bond shall convert to a maintenance bond for the one year
guarantee period required by the Contract Agreement between the Owner and
the Contractor. The maintenance bond shall be a requirement for final
acceptance of the project by the Owner,
C9111ractor Surety
sun rises,'Inc Sea Travelers Casualty and Si�Company of AmerluaSeal
ed a ) (Typed Name)
B B
(Si n Ire),"tfarold ktuelrner,President (Signature) eir
v )Via ia,l gieyin-Fact
16017 Route 376,Wappingers Falls,NY 12590 3()0 Windsor Street,Hartford,CT 06120
(Printed Dame, Title and Address) (Printed dame, Title and Address)
September 21,2018 Se ternber 21 2018
(Date of Execution) (Date ofExecution)
NOTES: 1. Date of Bond must not be prior to date of Contract.
2. If Contractor is a Partnership all partners should execute the bond.
3. Surety Companies executing Bonds must be authorized to do
business in New York State and be approved by the Owner's attorney.
4. All bonds shall be approved by the Owner's attorney.
301010112
STATE OF NEW YORK
)ss.:
COUNTY OF DUTCHESS )
On the 21st. -day of September 2019 before me, the
undersigned, a Notary Public in and for said State, personally appeared
Harold Buchner,President -personally known to me or proved to me on the basis
of satisfactory evidence to be the individual whose name is subscribed to the within
instrument and acknowledged to me that he executed the same in his capacity,and that by
his signature on the instrument, the individual, or the person upon behalf of which the
individual acted, executed the instrument.
NOTARY PUBLIC
MAVA CEMMI
Notary Public, Swe of �Nlclw York
cornmissbri No. 01PA(,024887
Quahfied in DutcheSS Ceau.M
Commission Expkes �vtay '17, 20
300013
STATE OF
COUNTY OF SS:
On this day of before me persca lty appeared with whom I
am personally acquainted, who, being by me duty swo , did depose and say:
That(s)he resides at that(s)be is the /,-of the —the corporation described in and
he knows the corporate seal ofsaid herporation;
which executed the foregoing instrument; l�tethat the seal thereto affixed is such cor�f�ate seal; that it is so affixed by order oftBoard of
Directors, arid that he signed his name thereto by like order.
Notary Ptiblic
Count,y
STATE OF New York
SS:
COUNTY OF Dutchess
On this 21" day of Septem be , 2018 , before nae personally appeared Kevin A. Viaha
with whom I am personally acquainted, who, being by me duty sworn, did depose and say:
That (s)he resides at Pleasant Valley,NY that (s)he is theAttqEtipy-i n-Fact ofthe'travelers
QasuAlty andn of Arnpa
SuretyC merica the corporation described in and which executed the
jo y
foregoing instrument; that he knows the corporate seal of said corporation; that the seal thereto
affixed is such corporate seal; that it is so affixed by order of the Board of Directors, and that he
signed his name thereto by like order.
Notary Public;
CounlY
KMWT ODW
14dwy Pd*%maw of NW
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C'QrnnjISI0AM EXPk"6Q—�
C44t NO-40MO
Travelers Casualty and Surety Company of America
,� � � � Travelers Casualty and Surety Company
St. Paul Fire and Marine Insurance Company
POWER OF ATTORNEY
KNOW ALL.iIAEN BY THESE PRESENTS:That Travelers Casualty and Surety Company of America,Travelers Casualty and Surety Company,and St.
Paul Fire and Marine Insurance Company are corporations duly organized under the laws of the State of Connecticut (herein collectively cabled the
"Companies"),and that the Companies do hereby make,constitute and appoint Kevin A.Vis is of Poughkeepsie,New York,their trace and lawful
Attorney-in-Fact to sign,execute„seat and acknowledge any and all bonds, recognizances,conditional undertakings and other writings obligatory in
the nature thereof on behalf of the Companies in their business of guaranteeing the fidelity of persons„guaranteeing the performance of
contracts and executing or guaranteeing bonds and undertakings required or permitted in any actions or proceedings allowed by law.
IN WITNESS WHEREOF,the Companies have caused this instrument to be signed,and their corporate seals to be hereto affixed,this 3rd day of February,
2017.
roy A m
WL
State of Connecticut
By: N
City of Hartford ss, Robert L.Raney,Se lbr Vice President
On this the 3rd day of February,2017,before me personally appeared Robert L.Raney,who acknowledged himself to be the Senior Vice President of
Travelers Casualty and Surety Company of America,Travelers Casualty and Surety Company,and St. Paul Fire and Marine Insurance Company,and
that he,as such,being authorized so to do,executed the foregoing instrument for the purposes therein contained by signing on behalf of the corporations
by himself as a duly authorized officer.
In Witness Whereof„I hereunto set my hand and official seal. �g.Tlrr .p
My Commission expires the 30th day of Juno,2021
* �r� � Mane C.Tetreaubt,Notary Public
This Power of Attorney is granted under and by the authority of the following resolutions adopted by the Boards of Directors of Travelers Casualty and
Surety Company of America,Travelers Casualty and Surety Company, and St. Paul Fire and Marine Insurance Company,which resolutions are now in
full force and effect,reading as follows:
RESOLVED,that the Chairman,the President, any Vice Chairman,any Executive Vice President, any Senior Vice President,any Vice President, any
Second Vice President,the Treasurer„ any Assistant Treasurer,the Corporate Secretary or any Assistant Secretary may appoint Attorneys-in-Fact and
Agents to act for and on behalf of the Company and may give such appointee such authority as his or her certificate of authority may prescribe to sign with
the Company's name and seal with the Company's seal bonds, recognizances,contracts of indemnity,and other writings obligatory in the nature of a
bond,recognizance,or conditional undertaking,and any of said officers or the Board of Directors at any time may remove any such appointee and revoke
the power given him or her„and it is
FURTHER RESOLVED„ that the Chairman, the President, any Vice Chairman,. any Executive Vice President, any Senior Vice President or any Vice
President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company,provided that each such delegation
is in writing and a copy thereof is filed in the office of the Secretary;and it is
FURTHER RESOLVED,that any bond, recognizance,contract of indemnity,or writing obligatory in the nature of a bond, recognizance,or conditional
undertaking shall be valid and binding upon the Company when(a)signed by the President,any Vice Chairman,any Executive Vice President,any Senior
Vice President or any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant
Secretary and duly attested and sealed with the Company's seal by a Secretary or Assistant Secretary;or(b)duly executed(under seal,if required)by
one or more Attorneys-in-Fact and Agents pursuant to the power prescribed in his or her certificate or thein certificates of authority or by one or more
Company officers pursuant to a written delegation of authority;and it is
FURTHER RESOLVED,that the signature of each of the following officers:President,any Executive Vice President,any Senior Vice President,any Vice
President,any Assistant Vice President,any Secretary,any Assistant Secretary,and the seal of the Company may be affixed by facsimile to any Power
of Attorney or to any certificate relating thereto appointing Resident Vice Presidents,Resident Assistant Secretaries or Attorneys-ln-Fact for purposes only
of executing acid attesting bonds and undertakings and other writings obligatory in the nature thereof,and any such Power of Attorney or certificate bearing
such facsimile signature or facsimile seat shall be valid and binding upon the Company and any such power so executed and certified by such facsimile
signature and facsimile seal shall be valid and binding on the Company in the future with respect to any bond or understanding to which it is attached.
I, Kevin E. Hughes" the undersigned„ Assistant Secretary of Travelers Casualty and Surety Company of America, Travelers Casualty and Surety
Company.and St.Paul Fire and Marine Insurance Company,do hereby certify that the above and foregoing is a true and correct copy of the Power of
Attorney executed by said Companies,which remains in full force and effect.
Dated this 21st day'of Sept-ler 2018
Kevin E.Hughes,Ass Cant Secretary
To verify the authenticity of this Power of Attorney,please call us at 1-800-4,21-3880.
Please refer to the above-named Attorney-,in- acct and the details of the bond to which the power is attached
TRAVELERS CA UAE.T'Y AND SURETY COMPANY CFF AMEMCA
HARTFORD,C4.)NNE'CTICLn'06 183
F114ANTCIAL STATEI"AEN+NTAS CYE,JUNIE 60,2017
CAPITAL STOCK$6,480,(W)
A
BONDS $ 3.616471,166 UNEARNED 6*@TENu11UMS 664,997,775
STOCKS 32A,472,7 16 1_OSSIF.:S 761,6611,766
PREMIUM LANdCE$ 261, 12,151 1.063At1dC,kS"vMENTEXPEa7iSES 161x,941,104
CASH AND INVESTED CASH 177.764,666 CC)NANABSSI%is 76"47 4,165
INVESTMENT INCOME DUE AND 40,174,417 1AXES,LICENSES AND FEES 11,09 ,04'3
5"HR WVE«STED ASSET 2,11 6,211 a"7'a'1^ER EXPENSES 29,695,841
WiT DEFERRED TAX ASSET 6 9,749,9 rl C1,4CETEN t'F EDERA L AND FOREIGN 0 aC1CTME TAXES 18,74 x,624
REINSURANCE RECOVERABLE 20,5 2,865 REMITTANCE'S AND 1TE;NA'S NOT ALLOCATED 5,00,464
SECURITIES LENDING RENVESTELT COUXTERAL ASSETS 4,807,775 AMOUNTS WT1~HELEA d RETAINED 13Y COMPANY FOR tTRTHERs 7C,W1,335
RE10EY1+"A S FROM PARENT,S SIITIARIES AND AFFIUATE S 12,6 7,070 RETROACTIVE R&.N14URA14CE RE""SEECW ASS1 NFD x71 x,610
ASSUMED REINSURANCE RECE VA;SLE AND PAYABLE 476.4:5 POUC'Y14OLDFR DN0ENDS 9,6171.171
CTNIER ASSETS TRWART`YATAIC CREDIT BONDS 6 048,300 E*1T9"MSK)N FOR REINSURANCE 17sa«6,84o
OTHER ASSET'S 232"ass ADVANCE PREMIUM 1,013°6,11916
PAYABLE FOR EaT,` 1,RIT IE,S La'am1Ca6NG 4,66A„726
RAY'AFA E FOR SECURITIES 36,768,2,62
OTHER LIABILITIES TRI-NsARTYCTAA CREDIT BONDS 675,124
CEDED RrWSLRANCE.NET FbREM90AS PAYAKE; 46,718,870
CITIir,,F ACCRUED rXPVNS S AND LIAMLN'T'IEC'T s 4444,_
TOTA1 4.CA13 UT1E5 T 1 0 kl N§AC
CAPRA..STCICNC 6 6„480,CM
RAID NN4 SURPLUS 443,803,700
OTHER SURPLUS
TOTAL SURPLUS TO POIXYN1C LDFR5
r TAL ASSETS 6.2.. T OTAL LIABIETTIES&SLlszPa.0
44�7aI6E N
NATE OF CON XECTWUT 1
COUNTY Of HARTFORD ISS,
CITYOF HARTFORD I'
WCHAELJ 1 OODY,BEING nULYSWORN,SAYS THAT HE IS SECOND VICE PREWDENT,OF TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA,
AND THAT TO THE BEST'Or HIS KNOWLEDGE EDGE AN`ND BEI..IEF„THE FCREGONN+NC 1S A TRUE AND CORRECT'STATEMENT Of THE FIN4AN NAL CC7a415R*N+N OF SAID
COMPANY AS OF T"F6F 30TH DAY OF JUNE,2017,
SECOND WCE RFaE6aI r
.��.
SUBSCRME,'D AN D,j"OITNN I'O BE,FCIRE ME THIS NtiNCTTARY tl M5, 111
17TN1 DAY OF,AUGUST,7617 .
t 'Y 7s1�Yr'tAc
7
WI 4I'Is C;7axA„z�1AA7rit" aV'9a'',aaA�rrT(T;TNfi7
V@�,'^
4 w iFy� w,�.,,wM,,.�.. ,.�...... s.W, �,,.,,...
r
L ABOR P
y
Only the form bound in this manual shall be, used, No other forni of payrrwrit bond
may be used except with prior approvai of the Owrver, after review by the Towri
Attorney, which approval rnay be granted or wftl'iheld, in the O*net"s discrpfion.
3000,14
Bond No. 106981718
LABOR AND MATERIAL PAYMENT BOND
Travelers Casualty and Surety Company of America,300 Windsor Street,Hartford,CT 06120, as surety("Surety"),
(insert Proper Name of Surety)
and SLija Up L`t1tcrprisQs.h1c.. I(AJ2 RQute 126,AappiUgeLs L,'jlls,NY 12,590
(insert Proper Name of Contractor)
as principal ("Contractor"), enter into, execute this bond ("Payment Bond"), and bind
themselves in favor of Town Board,Town of Wappinger,20 Middlebush Road,Wappingers Falls,NY 12590
(Insert Proper Name of Owner)
as obligee ("Owner") in the penal SUM Of$92,400,00(NinetyTwo Thousand Four Hundred and 001100 Dollars)
(Insert Penal Sum)
as of the September 21,2018
(Insert Date of Construction Contract)
WHEREAS,the Contractor has executed a contract with the Owner of even date herewith
("Construction Contract")for construction of I.Tnited Wapyin ger Water District
Tall Trees Water System Abandonment-Contract No. 17-020
Project No.W21215.20-General Construction
(insert Description and Location of the Construction Project)
("PROJECT"); and,
WHEREAS, the Owner has required the Contractor to furnish this Payment Bond
containing the terms and conditions set forth herein as a condition to executing the
Construction Contract with the Contractor;
NOW THEREFORE, the Surety and the Contractor, both jointly and severally, and
for themselves, their heirs, administrators, executors and successors agree:
I The Construction Contract is hereby incorporated herein and by reference made a
part hereof to the same extent and effect as though it were copied verbatim herein.
The Surety and the Contractor are bound for the full performance of the
Construction Contract including without exception of all its terms and conditions,
both express and implied, and,without limitation, specifically including Contractors
300015
obligation to pay for labor, materials,services and equipment provided in connection
with the Construction Contract performance;
2. For purposes of this Payment Bond, Beneficiary is defined as a person or entity who
has actually provided labor, material, equipment, services or other items for use in
furtherance of the Construction Contract, and having:
(A) a direct contract with the Contractor; or
(B) a direct contract with a subcontractor of the Contractor, or
(C) rights, under the laws of the jurisdiction where the Project is located, to file a
lien, a claim or notice of lien, or otherwise make a claim against the Project
or against funds held by the Owner, if the Project is, or were, subject to such
filing.
3. The Surety shall not be obligated hereunder to a Beneficiary other than a
Beneficiary having a direct contract with the Contractor unless such Beneficiary has
given written notice of its claim to the Contractor and the Surety within the longer of:
(A) ninety (90) days of after such Beneficiary provided labor, material,
equipment, services or other items for use in furtherance of the Construction
Contract; or,
(B) the period of time provided by the jurisdiction wherein the Project is located
for (1) filing of a lien, claim of lien, notice of lien, if the Project is, or were,
subject to such filing, or(2) otherwise making a claim against the Project or
agai st funds held by the Owner;stating the amount claimed and identifying,
by name and address, the person or entity to whom such labor, material,
equipment, services or other items were provided.
4. In no event shall the Surety be obligated hereunder for sums in excess of the Penal
Sum.
5. Upon receipt of a claim from a Beneficiary hereunder,the Surety shall promptly,and
in no event later than 30 days after receipt of such claim, respond to such claim in
writing (furnishing a copy of such response to the Owner) by:
(A) making payment of all sums not in dispute; and,
(B) stating the basis for disputing any sums not paid.
6. No action shall be commenced by a Beneficiary hereunder after the passage of the
longer of one (1)year following final completion of the Construction Contract or, if
this bond is provided in compliance with applicable law, any limitation period
provided therein. If the limitation period contained in this Paragraph is
unenforceable, it shall be deemed amended to provide the minimum period for an
300016
action against the Surety on a payment bond.by a third-party beneficiary thereof.
7. Any and all notices to the Surety or the Contractor shall be given by Certified Mail,
Return Receipt Requested, to the address set forth for each party below:
SURETY: Travelers Casualty and Surety Company of Amer i ea
300 Windsor Street
Hartford,CT 06120
CONTRACTOR: Sun Up Enterprises,[tic.
1607 Route 376
Wappingers Falls,NY 12590
OWNER:Town Board,Town of Wappinger
20 Middlebush Road
Wappingers Falls,NY 12.590
TRACTOR SURETY
SEAL
/ Travelers Casualty and SuComofAni
nrety an erica SEAL
SEAL,
(Ty, 'P 0 (TYPED NAYS '-
_7>
(§IGNA kE)Y-Iarold Bucline_r,_pre. nit (SIGNATW#!�) Vin—A"7-ta"orney-in-Fact
1607 Route 376,Wagl)mgers Falls,NY 12590 300 Windsor Street,I-f artford,(.",,,r 06120
(PRINTED NAME,TITLE&ADDRESS) (PRINTED NAME,TITLE &ADDRESS)
SEternber 21,2018 September 21,2018
(DATE OF EXECUTION) (DATE OF EXECUTION)
NOTES: 1. Date of Bond must not be prior to date of Contract.
2. If Contractor is a Partnership all partners should execute the bond.
3. Surety Companies executing Bonds must be authorized to do
business in New York State and be approved by the Owner.
4. All bonds shall be on the form included in the project manual.
300017
STATE OF NEW YORK
)ss..
COUNTY OF DUTCHESS )
On the 21s -day of September 2018 before me, the
undersigned, a Notary Public in and for said State, personally appeared
FlUold BuchUer,Fresidgat ,personally known to me or proved to me on the basis
of satisfactory evidence to be the individual whose name is subscribed to the within
instrument and acknowledged to me that he executed the same in his capacity, and that by
his signature on the instrument, the individual, or the person upon behalf of which the
individual acted, executed the instrument.
MAINA C. EMM I
Notary PUbUc 1 !,,1qew York NOTARY PUBLIC
C,0MfffiSSbn iz'1161�.11 10r__ 46024887
C��,j,joio(j in DUJ�,�IeSS COLVIty
comrn6sron Expdnes ay L7
30018
STATE OF SS:
COUNTY OF I 111
On this day of before me personall eared-with whom I
am personally acquainted, who, being by me duty sworn, di pose and say:
b
in' to
du m
'w
be'
sworn,)e"
C ri� y c 'y n
'o
'i na"y
ly
e e't
p'
That (s)he resides at that (s)he is the e the corporation described in and
s the corporate which executed the foregoing instrument; tha: knows the corporate seal of said corporation;
I , that t i s "t affixed
�t ,_'
carpo seal; ha it
") "it Ixec
that the seal thereto affixed is such corpo e seal; that it is so affixed by order of the Board of
I , o
c
Directors, and that he signed his ran iereto by like order.
NotarY Public
TATF';E OF New York
SS:
COUNTY OF DUtchess I
On this 2i" day of Septeinbe , 2018 , before me personally appeared Kevin A. Vialla
with whom I am personally acquainted, who, being by me duly sworn, did depose and say:
That (s)he resides at Pleasant Valley, NY that (s)he is the Attorney-in-Fact of the Travelers
Casually and Surety Company of America the corporation described in and which executed the
foregoing instrument; that he knows the corporate seal of said corporation;that the seal thereto
affixed is such corporate seal; that it is so affixed by order of the Board of Directors, and that he
signed his name thereto by like order.
Notary Publie
Count,Y
KATW T 00AK
NOUVY Public,Slot*of NYo*
PAWdkv In,Dutdms county
Commlision,S*os OQNIQ.�,L
Cart.NO.486MW
Travelers Casualty and Surety Company of America
Travelers Casualty and Surety Company
TRAVELERS St. Paul Fire and Marine Insurance Company
POWER OF ATTORNEY
KNOW ALL,MEN BY THESE PRESENTS:That Travelers Casualty and Surety Company of America,Travelers Casualty and Surety Company,and St.
Paul Fire and Marine Insurance Company are corporations duly organized under the taws of the State of Connecticut(herein collectively called the
"Companies"),and that the Companies do hereby make,constitute and appoint Kevin A.Vlafia of Poughkeepsie,New York,their true and lawful
Attorney-in-Fact to sign,execute,seal and acknowledge any and all bonds,recognizances,conditional undertakings and other writings obligatory in
the nature thereof on behalf of the Companies in their business of guaranteeing the fidelity of persons,guaranteeing the performance of
contracts and executing or guaranteeing bonds and undertakings required or permitted in any actions or proceedings allowed by law.
IN WITNESS WHEREOF,the Companies have caused this instrument to be signed,and their corporate seals to be hereto affixed,this 3rd day of February,
2017.
State of Connecticut
By: r ��n t��
City of Hartford ss. Robert L.Raney,Seftlbr Vice President
On this the 3rd day of February,2017,before me personally appeared Robert L.Raney,who acknowledged himself to be the Senior Vice President of
Travelers Casualty and Surety Company of America, Travelers Casualty and Surety Company,and St.Paul Fire and Marine insurance Company,and
that he,as such,being authorized so to do,executed the foregoing instrument for the purposes therein contained by signing on behalf of the corporations
by himself as a duty authorized officer.
In Witness Whereof,I hereunto set my hand and official seal. f
My Commission expires the 30th day of dune,2021
ar rr� � Marla C.Tetreault,Notary Public
This Power of Attorney is granted under and by the authority of the following resolutions adopted by the Boards of Directors of Travelers Casualty and
Surety Company of America,Travelers Casualty and Surety Company,and St. Paut Fire and Marine insurance Company,which resolutions are now in
full force and effect,reading as follows:
RESOLVED,that the Chairman,the President,any Vice Chairman, any Executive Vice President, any Senior Vice President, any Vice President, any
Second Vice President,the Treasurer, any Assistant Treasurer,the Corporate Secretary or any Assistant Secretary may appoint Attorneys-in-Fact and
Agents to act for and on behalf of the Company and may give such appointee such authority as his or her certificate of authority may prescribe to sign with
the Company's name and seal with the Company's seal bonds, recognizances,contracts of indemnity,and other writings obligatory in the nature of a
brand,recognizance,or conditional undertaking,and any of said officers or the Board of Directors at any time may remove any such appointee and revoke
the power given him or her;and it is
FURTHER RESOLVED,that the Chairman, the President, any Vice Chairman, any Executive Vice President, any Senior Vice President or any Vice
President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company,provided that each such delegation
is in writing and a copy thereof is filed in the office of the Secretary„and it is
FURTHER RESOLVED,that any bond,recognizance,contract of Indemnity„or writing obligatory in the nature of a bond,recognizance, or conditional
undertaking shall be valid and binding upon the Company when(a)signed by the President,any Vice Chairman,any Executive Vice President,any Senior
Vice President or any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant
Secretary and duly affested and sealed with the Company's seal by a Secretary or Assistant Secretary;or(b)duly executed(under seal,if required)by
one or more Attorneys-ln-Fact and Agents pursuant to the power prescribed in his or her certificate or their certificates of authority or by one or more
Company officers pursuant to a written delegation of authority;and it is
FURTHER RESOLVED,that the signature of each of the following officers:President,any Executive Vice President„any Senior Vice President„any Vice
President,any Assistant Vice President,any Secretary,any Assistant Secretary,and the seal of the Company may be affixed by facsimile to any Power
of Attorney or to any certificate relating thereto appointing Resident Vice Presidents,Resident Assistant Secretaries or Attorneys-in•Fact for purposes only
of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof,and any such Power of Attorney or certificate bearing
such facsimile signature or facsimile seat shall be valid and binding upon the Company and any such power so executed and certified by such facsimile
signature and facsimile seat shall be valid and binding on the Company in the future with respect to any bond or understanding to which it is attached.
I, Kevin E. Hughes, the undersigned, Assistant Secretary of Travelers Casualty and Surety Company of America, Travelers Casualty and Surety
Company,and St.Paul Fire and,Madne Insurance Company,do hereby certify that the above and foregoing is a true and correct copy of the Power of
Attorney executed by said Companies,which remains in full force and effect.
Dated this 21st day of Septernber`" 2018
011"11
sm
19 f,
Kevin E.Hughes,Assr tant Secretary
ro Ver#k the authenticity of this Power of Attorney,please call us at.t-800-42'2-388O.
Please refer to the above-named Attorney-In-Fact and the details of the.bond to which the power Is attached,
TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
HARtFOR0,CONNECHCUT 0618
FNNNANNC,AAL S"TAT EfiBbT?NNT AS OF JUNN,E 30,7017
CAPITAL STUCK 6,480,000
mg
BONDS 3,525,421,,'F15 UNEARNED tRNNED P REWU S 8 94.11TT'A.7?
STOCKS 378,472,775 LOSSES 781,801356
PREMIUM BALANCE$ 7631,412,151 LOSS ADJUSTMENT EXPENSES 189,94,104
CASH AND INNAAESTEN7 CASH 177„764,688 COMMISSIONS 76,476,1676
INVESTMENT INNC.OME DUE AND ACCFR,IIE'T"1 40,123,817 "TAXED,LICENSE'S S AN"ND FEES 11,0146,043
CTTW-R IN E,$TEO ASSETS 2,8665„219 OTHER EXPENSES 29,695,841
NET DEFERREDTAX ASSET 610,74901'7 UIRRENT FEDERAL AND FOREIGN L 4C°OME T XES 18,745,624
REINSURANCE RECOVERABLE 20"58121866 REMITTANCES AND ITEMS NOT ALLOCATED 5,026,404
WCCIITRITtES L00140 REINVESTED COLLATERAL ASSETS 4X1,728 728 AMOUNTS WITHRELD C NRETANNNED BY COMPANY FOR<TTHEIRS 72,607,335
RECEIVABLES FROM PARENT,SIJTISM ATRIES AND AFFILIA'TE'S 12,577,5"161 RE'TRC 9ACTNE NRENNNSUR,ANCE RESERVE,ASSUMED 035,019
ASSUMED REINSURANkCE A'"ECE VA E,AM)PAYASLTI W6,836 C'OU"iOLCER 4 WMENNCS 19,613,171
OTHER ASSETS"T"TRI-PARTWAN;AX CREW BONDS 6,048,300 P RO6A00NN FOR REINSURANCE ;1'565"060
OTHER ASSETS 7312,5561 ADVANCE P RfUIUM 1,031,806
PAYABLE FOR$150J (TIES LENDING 4,867,778
PAYABLE FOR SECURITIES 36,2,08„762
OTRER LLkBl 1TNES TRI-PAFR`TYr AX CREDIT"BONDS 573.123
CODED IRETNNSIJRANNC,"E PNET P RF.TJtlI1JMf5 PAYABLE 46,7161,670
OTHER ACCRUED tAPENNSE'S ANO LIANIILI'TWS p
70T"AL LIABILITIES 5 e,:k W r88t6 Q6JT,
CAFlTAL STOCK 3 8,4614«500
PAID IN;SURPt US 433„8113,7619
OTHER SURPLUS
TOTAL,SLARPLUSTOPOUCYNvNOLDERS
TOTAL ASSETS 4 44 278 887
TOTAL,LAW.ITIES&SURPLUS
LUL
STATE”CIT CONNECTICUT I
COUNTY OF HARTFORD
CITY OF,HARTFORD p
MICHAEL,A,DOODY,BRING DULY SWORN,SAYS THATINE ISSECOND VICE PREWDENT,OF TRAVELERS CASUAL'T'Y AND SURETY COMPANY OF AMERICA,
ANILT'THAT 1"C9 THE BEST Or HIS KNOWLE DGE AND BrUEF,THE FORE C;7TS1NNE6 IS A TRUE AND CORRECT STAT"ENu1ENTf OF THE NNANCAL CON"NIJIT'IOH OF SAO
COMPANY AS OF THE 30TH DAY OFJUNE,7817,
" , WE PRESI ,r
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SUBSCRIBED AND SWORNTO BEFORE N1dE PAS NNfJT"a`6TRY PIIJLNC ,_.�_......,..��,
17TH DAY OF AtIE6IIST,2017 _._,.�__........
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St DSAA' A NDN vS1 kmI)ER
A"owly I i6fic
Aly"Commission sion Expir Al1PA'AF b 6 3071717
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