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HomeMy WebLinkAbout871043.tiff t RESOLUTION RE: APPROVE PURCHASE OF SURETY BOND FOR WORKERS COMPENSATION INSURANCE PROGRAM WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the County has reviewed the alternatives to the Workers Compensation Insurance Program and has determined that the best alternative is to keep the County's current Workers Compensation Insurance Program with a self-insurance program that provides improved administrative services as well as reduced costs to the County, and WHEREAS, the Industrial Commission of Colorado requires that all self-insured organizations post a surety bond with the Commission to guarantee the payment of Workers Compensation claims incurred by the County, and WHEREAS, the County desires that the surety bond be purchased from The Aetna Casualty and Surety Company, an insurance company authorized to do business in the State of Colorado, a copy of said bond being attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Chairman be, and hereby is, authorized to enter into an agreement with The Aetna Casualty and Surety Company to purchase a surety bond for the County's self-insured Workers Compensation Insurance Program. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is, authorized to sign said agreement. PE 0003 003 ac: ,-o_flcc,-3- 871043 • Page 2 RE: PURCHASE OF SURETY BOND The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 5th day of August, A.D. , 1987, nunc pro tunc April 25 , 1987. Q aewn hA _ _/-_ ' BOARD OF OUNTY COMMISSIONERS ATTEST: 0 �^^�'^ u°�a^u'�v WELD CO T LORADO Weld County Clerk and Recorder and Clerk to the Board Go , Chairman (' t t G2yc�,k, o 1 , c.�r d ) C. . irby, Pro f em D puty County C k EXCUSED APPROVED AS TO FORM: Gene R. Brantnneer c ---v7 < ,doce_if c i 4\64:10tN, hnso County Attorney Frank Yamaguchi 871043 APPLICATION FORJCENSE, PERMIT, THE !ETNA C-=-5UALTY AND SURETY COMPANY MISCELLANEOUS ST INSTRUMENT, H� ord, Connecticut 06115 _.`..H:CASVALI ' INTERNAL REVENUE, CUSTOMS, 'r COURT AND WAREHOUSE BONDS Bond Number 19 S 100130670 BCA Field Office Denver, Colorado Producer A. J. Gallagher QUESTIONS 1-8 MUST BE COMPLETED FOR ALL BONDS AND APPLICATIONS SIGNED{3270} 1. Applicant's name in full Weld County,_ Colorado • (Print or Type) (If a firm, give names of partners) 2. Occupation Business Address 915-10th Street, Grpal py,, Colorado 80631 (Give Number,Street,City,State and Zip Code) 3. Residence address (Give Number,Street,City,State and Zip Code) 4. Amount of bond $ 300,000.00 Date of bond 4-25- , 19 87 Expires 19_ 5. To whom is bond given (Obligee) State o£ Colorado (Give exact and complete name,especially if corporation) 6. Address of above (Give Number,Street, City,State and Zip Code) 7. Nature or character of bond required Worker's Compensation Bond 8. Has application for this bond been made to another company? If so,state particulars COMPLETE ADDITIONAL QUESTIONS RELATING TO TYPE OF BOND REQUIRED LICENSE, PERMIT, MISCELLANEOUS 1. FINANCIAL STATEMENT REQUIRED LOST INSTRUMENT BOND 1. Description of Lost Instrument (Is it an Investment Bond?Stock Certificate?Note? Life Insurance Policy?,etc.) 2. Serial No.of Lost Instrument Date of issue of Lost Instrument Negotiable? If a bond or note,give maturity date If a stock certificate, number of shares Par value ea. sh.$ Present market value ea. sh.$ If a policy, give name of beneficiary 3. If duplicate to be issued,state— a) In whose name will the duplicate be issued? b) In whose name does ownership of the lost security appear on the records of the issuing corporation or its Registrar? c) If not stock, state amount for which duplicate is to be issued $ 4. If payment to be made on the lost instrument, state amount to be paid $ _ 5. Has the person in whose name the securities stand ever executed any assignment or Power of Attorney whatsoever that would enable any other person to transfer said lost instrument(s)? (If so, attach explanatory letter if necessary) 6. Has the lost instrument(s) in any way been transferred, endorsed (either in blank or otherwise), hypothecated or pledged as security for a loan or as margin or for any other purpose? (If so,attach explanatory letter if necessary) 7. State date when the lost instrument was last seen,and state where seen and by whom 8. FINANCIAL STATEMENT REQUIRED CAT.289434 2286) ED.4-78 871073 r �J PRINTED IN V.S.A. • INTERNAL REVENUE AND CUSTOMS BONDS 1. Nature or character of bond(s) required (give bond form number) 2. What commodity is being entered? 3. Character of business conducted 4. In what Internal Revenue District are you located? 5. How long have you engaged in this business? 6. Have you ever had any trouble with the Internal Revenue Department? or Customs Department? 7. Do you own (a) the distillery or warehouse? (b) Land on which distillery or warehouse is located? 8. FINANCIAL STATEMENT REQUIRED COURT BOND JUDICIAL PROCEEDINGS APPEAL, ATTACHMENT, CLAIM AND DELIVERY,SECURITY FOR COSTS, FORTHCOMING, GARNISHMENT, INJUNCTION, REPLEVIN,SEQUESTRATION,STAY EXECUTION,SUPERSEDEAS, ETC. Copy of order, judgment, notice of appeal or other papers necessary for preparation of bond or undertaking,must accompany this application. 1. Title of Action (Give names of litigants in full) 2. Date of appointment 3. Court and County or District, in which pending 4. Names and Addresses of Attorneys (For Plaintiff and Defendant) 5. Amount of Claim or Judgment IF A PLAINTIFF OR COMPLAINANT STATE THE CIRCUMSTANCES AND THE GROUNDS ON WHICH YOUR ACTION IS BASED. IF A DEFENDANT STATE THE GROUNDS OF YOUR DEFENSE. VERY IMPORTANT! INFORMATION AS REQUESTED IN ABOVE INSTRUCTIONS MUST BE GIVEN BELOW. 6. FINANCIAL STATEMENT REQUIRED WAREHOUSE BOND • 1. Does Applicant own the warehouse? 2. What products are to be stored in the warehouse? 3. Are warehouse receipts issued? Are they numbered? Who is authorized to issued? 4. How often is an inventory taken? 5. Does Applicant store any grain or products owned personally in the warehouse or elevator? 6. FINANCIAL STATEMENT REQUIRED 87107 • . Financial Statement setting forth assets,..,J liabilities of undersigned as of 19_ ASSETS LIABILITIES Cash on hand (not in bank) Borrowed money from banks and how Cash in following banks(give names) secured (if none,write"none") Stocks&Bonds (attach list) Borrowed money from other sources Accounts Payable Stock or material on hand Notes Payable (if none,write"none") Accounts Receivable • AReserves for Federal or other Taxes Notes Receivable Other Reserves Total Current Assets $ Total Current Liabilities $ REAL ESTATE MORTGAGES ON REAL ESTATE Parcel No.1 (Market Value) If none,write"none" a. Description Parcel No. 1 b. In whose name? c. What did you pay for it? Parcel No.2(Market Value) Parcel No.2 a. Description b. In whose name? c. What did you pay for it? $ Parcel No.3 Parcel No.3(Market Value) a. Description b. In whose name? c. What did you pay for it? $ Mortgages on Other Real Estate Other Real Estate Other Liabilities(if none,write"none").... Other Assets Capital Surplus or Net Worth Total Assets $ Total Liabilities $ REFERENCES (No Relatives) (Bankers and Merchants preferred) NAME OCCUPATION ADDRESS 1. 2. 3, 4. 5. 6. 7. 8. 871073 • Tlae'undersigned Applicant and Indemnitor all hereinafter called the Indemnitor(s) here ; certify that the foregoing declarations made and answers given, are the truth without reservation, and are made for the purpose of inducing THE FETNA CASUALTY AND ... SURETY COMPANY, of Hartford, Connecticut, hereinafter called the Surety, to become Surety on a certain bond or undertaking herein applied for, and any renewal of the same, or any bond of a similar nature given in substitution or renewal thereof (all compre- hended in the word "bond" or "undertaking" as herein used), and in consideration of the Surety executing said bond or bonds do undertake and agree as follows: That the Indemnitor(s) will immediately pay the Surety at its Home Office, Hartford, Connecticut,$ , and $ on the day of in each year thereafter,and until the Indemnitor(s) shall serve upon the Surety, at its said office, competent written legal evidence, satisfactory to the Surety,of its discharge from all such bonds and all liability thereunder. That the Indemnitor(s) hereby authorize THE /ETNA CASUALTY AND SURETY COMPANY to make such pertinent inquiry as may be necessary from Financial Institutions; persons, firms, and corporations in order to confirm and verify information referred to or listed on this application. The Indemnitor(s) will at all times indemnify, and keep indemnified, the Surety, and hold and save it harmless from and against any and all damages, loss,costs,charges and expenses of whatsoever kind or nature, including counsel and attorney's fees,whether incurred under retainer or salary or otherwise,which it shall or may,at any time,sustain or incur by reason or in consequence of its suretyship. • WITNESS the following signature(s) and seal(s) this 25th day of April 19 87 , homestead and all other exemptions being hereby expressly waived. IF APPLICANT (the principal) an individual sign here: Witness Applicant (Seal) Witness Applicant (Seal) Witness Applicant (Seal) IF APPLICANT (the principal) a co-partnership sign here: Witness Applicant (Seal) Name of Firm By IF APPLICANT (the principal) a corporation sign here: Witness WELD �, ApplicantCfa 4�a� By: /• / f C ation Attest `110-1 l'�' n _ / President /� County Clerk A Chairman, Boa d County Commissioners f car / / t ad IF THIRD PARTY INDEMNITOR(S) sign here: In consideration of THE /ETNA CASUALTY AND SURETY COMPANY executing the bond hereinabove applied for,we jointly and severally join in the foregoing indemnity agreement. Witness Indemnitor (Seal) Witness Indemnitor (Seal) Witness Indemnitor (Seal) Witness Indemnitor (Seal) Witness • Indemnitor (Seal) • 871073 Hello