HomeMy WebLinkAboutTHOMSON McKINNON SECURITIES, INC - 1985-01-27 AN AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH
AND THOMSON MCKINNON SECU'2ITIES, INC.
FOR INVESTMENT BANKING MID UNDERWRITING SERVICES
FOR MULTI-FAMILY HOUSING REVENUE BOND PROGRILMS
THIS AGREEMENT is made and entered irto this1, „ day
of � � a-:t2=�k 198.,E by and between the CITY OF
HUNTINGTON' BEACFr a -anicipal corporation of the State of
i
California, hereinafter refe -rer3 to ,as "CITY, " and the firm of
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THOMSON MCKIINNON SEC'.'RITIF.S, INC. , a Delaware corporation,
` hereinafter referred to as "THOMSON."
I In orde.: to implement. the financinq antj structuring of the
Multi-Fa,..ily Housing Reven e Pond programs, hereinafter referred
I
to as "PROGRAM, " the C!'iY rec uires the a:vico a,-d assistance of
3r_ investment banking servi e, in^_'lulinq, but not to,
undeiv.,ritin g services an
11h,: CITY has 3eterminf'+! that "91)M9)N is qi al ' iiP1 by
training and eXperienr,.? te, Ferf:�rx the :.fivestsent ::an:x.*rq any!
underwriting servi :!"S, an,' is wi llinq tr prcvi;:P sucli
investment taankinq an_7.1 1 i!.ir�; servi:yes ?;
The publif interest, ev.,. `n-m a n,'i qc> ieral welfare wi. 1 be
served by this
NOW, THEREFORE, it `. ''i:'f An.i THOMSON as
follows:
1. DUTIES OF i'.3! MS,:-:
THOMSON shall do, carry )ut and perform all of the
following investment banking service•., including, but not
limited to, performi.ig unde.writinu services, in connection with
the PROGRAM, iis follows:
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a) Performance of Underwriting Services
The PROGRAM shall require capital
financing, including, but not limited to, those requiring the
issuance of tax-exempt securities by the CITY, THOMSON will aid
in the implementation of the PROGRAM. by perfcrming the function
of managing underwriter in thn issuance of multi-family housing
revenue bonds to service the residents of the City of Huntington
Beach.
b) Consultations anod Meetings with-CITY
THOMSON shall be available to tie CITY for
advice and consultation with regain o the .3evelopirg of policy,
programs for proce37•res to iraplement any housing ;programs the
CITY wishes to pursue. Additionally, upon .seasonable notice:,
THOMSON agrees to attend any meetings it the request of ^_TTY, in
the City of huntington Reach, tlr 0sewhern -as :?irec^ted, with
respect to the ;ITY'S revenue b°.rA nr^grams.
c) Investigations and Studies
THOMSON agrees to, w:.-Trk with 71TY, its staff,
legal counsel, br)n3 ^.: sel, tl e De`el,,'3 .+er an:! -ther Vfficers,
agents .ar emplcjeeb as appropriate in orlor z.a mak:�
investigat.rjns and studies relatinq to the f3nar.eing of
PROJECT. The respective investigations and st-.idies are to
provide information that will assist in the marketing and
placemen.: of the PROGRAM bonds and shall include:
1. A through review of the '.egal basi4 and
proposed means of -indertaking the financing.
2.
AM
2. EvaDiation of alternative methods for
achieving the housing goals of CITY.
3. Review of studies as to the economic
uackground of CITY as it may relate to any
specified financing or to the PROGRAM in
general.
4. Estimates f)f finaricial and related expenses.
5. Review and analysis Df any other pertinen
stullies as tl-'Ipy may effect the PROGRA-M.
1-1) Securities Issuance Require mnents
THOMS!')N' w^rkinj t-qetl�pr wit- "ITY, its staff,
1eq -1 counsel, bond counsel , the Deve7oner in,! appropriate
officers, agents or empllr)yees, vizil
leading t-I the issuanz7e :-,f securities the.
1 . kssis� !V,-ln,! 1-r i,- t-.v -reparatinn r�.'
any f inaiv-in-i 1 i n,�-1 uA i nc4
ir:Ient gyros, p"-lge and assignmpnt
,4ropments cInk] zither financinq a:3reements
and
2. ?assist .- n the ,reparal- i. n (.-�f oteliminary
an ; - 3 f i na I f f;c i 11 statempnts fl, r the
marlketing of any sec-,:rities.
3. Review the f,7�rm of t-,.e securities to be
printe-.1.
3.
AOL AMIL
W
4. Assist in the preparation of the required
financial sc')-.e(Aales to a'ssure a sound basis
for the financing, such as debt service
requirements and cash f:.ow analysis.
5. Arrange for and assure investments for the
securities proceeds that insure feasibility
and liquidity.
6. Assist in the preparation of the
appl i ca t ion for and presentation to the
appropriate b,-Dn ratinc; agencies in a
manner C, achieve the best nossible
se t-i e s rating f,-r the se,,n.,rities.
2. KINRKETING nF TAF, SECT"'RITIFS
-z
M,nMS,')"7 !,*-all -rranqe pre-sale presentati,%-ns of
the proposed securities t r, i n S t i t'!t i;,:n a I invvst,�rs, mutual
funds, banks, pr,-,spe tive ass-,-)pry e', ;nlerwriters, b-,nll Iealers
and rati-.g a-,3enci es t,�) 4 1 e v e n it i :a n a 1 inter 3t and
understandAing of the nr,:)p,-so I t ;I es. Wlien :Ietermired
appropriate, THOMSON' Will mef-t in-IS Tqj vh Spec i f i C
potential i nvestcirs in tho se,,-:ritios arl .-irranqe for site
visits, meetings with CITY <-nd ,ther efforts to
effectuate Vie -lazement •-)f "'A 11 securities with these
investors. When eetermined subiect to the terms of a mutually
satisfactory definitive purchase agreement and after receiving
an investment grade rating (S&P - BBB or qoody's Baa) and
approval by THOMSO.N*S Buy Committee, THUMSON, as mana-ing
4.
it
underwriter will agree to purchase all the bonds as priicipal
and will prepare sales points memoranda which detail the salient
I
features of the �-ecurities for distribution to all THOMSON
branch offices ar.d to all members of the underwriting syndicate
to be formed for the sale of the securities. Additional?y, as
managing underwriter, THOMSON may conduct pre-sale meetings in
the State of New York, the City of Huntington Beach, and other
locations as may be deemed appropriate to simulate investor
interest in the securities and t) assure the broadest possible
distribution of the securi=ies.
THOMSON s:zaII be responsible for coordinating
meetings with and presentations te., the ma r securities rating
agencies in order ti obtain chE nest possible credit rating for
the securities and thus, assure a lower ry , s, ' : a ;3 to t',e
CITY.
3. SALE OF SECURITIES
After pre-sale marketing efforts are cr;mpiete,
"OV!SON will work witn the CITY tr t.ie•termine t:.e : ..)st effective
methoil of completi..;x the finan-ing at the '?.st interest cost to
the %ITY, an,1 THOMSON will:
{ ae 8-ised tip®:i ar. evailuat:on f F']3rtiet ^On l,ticns,
recommend the appropriate time for the marked-�g
of securities.
b) Alvise as to the type of Ltructure that will be
bev. Excepted by the market with respect to
maturities, redemption features. ccuponing and
re-offering prices.
p�
E �
Aft
c) Assist in the dra.-ting of the appropriate public
notices for the sale of the securities in
conjunction with t--.e CITY a*,-a its counsel.
d) Coordinate, at the request of CITY, securities
printing, prospectus printing, securities
signing, appointment of the Trustee, preparation
and signing of the purchase contract, closing
arrangements and delivery of the securities.
e) Prel-are the purchase contract to be used in the
sale Of. securities.
MOD-FICATION AND kME!qr;MFN.'T OF AGt 4ENT
Th i 8 Agreement may L--- mod i f i ed, a 1.terel or amend""-
only by mutual written agreempnt, between the an3 THOMSON.
5. OPTION T,'-) RENEW
CITY at its sale option r7ay elect 4-o rent?v this
Agreement thro,.,-,"h the enling late of this k-greernent, u,,cn the
cor.ditions herein containe-31, by writte- n-tice t.^� THOMS.?N, prior
to the endinc date -f this Agreement .
6. PeRT1')T,4) 10F AGREEMENT
This Agreement is f(�r i : f twr) years
commencing with 41he date herein, an-3 en�liyiq two (2) years
following such date herein containel, excepting the election of
the options provided for under. Sections 5 and 11 herein.
7. COMPENSATION'
ror the services THOMSON vhall render as contained in
this Agreement, THOMbON shall he considered fuliy paid tarounder
6.
ON
upon the payment to THOMSON of the agreed upon underwriting
spread which shall be paid only if THOMSON acts as managing
underwriter. Based upon current market conditions, we wr-ild
estimat., our underwriting discount to be in the ranee of
two-to-three percent (2-3%) of the issue size assuming a bond
rating of "A" or better from one or more of the National band
rating s vices. S",all be agreed tc in the Purchase Agxeemer_t,
but, shall not exceed th:Qe percent (3%) of the issue.
8. OBLIGATIONS OF CITY
CITY shall proviJ e THOMSON with copies of pertinent
documents within its control without charge and shall make CITY
employees available to ssist Tq(.)MSON in rendering of its
services.
9. PRIOR Ab4THORI ZAT IL ON
THOMSON, in performing the services listed iri
Sections 1, 2 and 3 ^f this Agreement , s'1-s1. ••^rk under the
direction and control of the CITY, an3 sha! render any
additional services than these specified in Agreement
without the advance concurrenM,e rif thu 01TY.
10, INDEPENDENT COtiTP.ACTOR
It is further understood anel agre rKOMSON, is,
and shall be, acting at all t>ves as an inclepLarient. contractor
herein and not as employees of CITY. THOMSON shall sec,lre at
their expense, and tie responsible for any and all payment of
income tax, soci.a security, state disability insurance
compensation., unemployment compensation and payroll deductions
for THOMSON'S officers, agents and employees and all business
7.
licent-es, if any, in connection with the services to be
performed hereunder.
11. CANCELLATION OF AGREEMENT
This Agreemen� may be terminated by CITY without
cause i:,pon the giving of thirty (30) days notice in writing to
THOMSON. Upon such cancella,:ion all files and documents shall
become c! of CITY. 9pon any termination such files
znd codu�t-. nail be delivered to CITY.
Ei
12. INDEMNIFICATION, DEFENSE AND HOLD HARMLESS
THOMSON sh II defend, indemnify and holil harmless
CITY, its officers, ajents and employees, from and against any
and all liability, Jludqmen-s, damages, costs, losses, claims,
including Workers* Compensation claims, and expenses resulti,ig
from or connected with THOMSON' negligence or other tortious
conduct in the performance of this Agreement .
13. WORKLRS' C0:4111ENSATION
THOMSON shall comply with ',tll of the provisions of
the Worh=rs' Compensarion Insurance and SaFet,,, Acts of the State
of California, the applicable provisions of Divisions 4 and .' of
the California Lab-r Coae and all amendments thereto! and all
similar state or federal acts or laws applicab' and sha-1 1
indemnify, defend and hold harmless CITY from and against all
claims, demands, payments, suits, actions, proceedings and
judgments of every natuze and description, including attorneys'
fees and costs, presented, brought or recovered against- CITY,
d�
for or on account of a.ty liability under any of said acts which
may be incurred by reason of any work to be performed by THOMSON
under this Agreement.
IN WITNESS WHEREOF, the parties hereto have caused these
presentnt to be signed by their duly authorized officers as of
the day, month and year first above written.
THOMSON MCKINNON, INC. , CITY OF HUNTINGTON BEACH,
A Dela. ze corporation a municipal corporation
d.
Aut
4 Maa ing•Director .✓ r jy
y F
IL
By Bernax J i ey, - -
fide-President
ATTEST: APPROVED AS TO FORM:
By
City Clergy: for City A' tornc
a
REVIEWF AND APPROVED: I91TIATEP AND APPROVED:
C1ty dm iisist�
y Deputy Director
of Redevelopment
AJFzmf
1/9/85
C366L
9.
TU .. Gall Hutton, City Ait,rriw,
i I-. t^iiS r
it ,rtuly-ki—,i, .A 91648 CITY OF HUNTINGTON BEACH CALIFOHNIA By
i ar R,Ik Ma+sep+r suer approVe! A Mt,NIC"PAL CORPORATION
This is to certify that the poherss of muranev as described below have ban issued to the insured by the undart,giied and are in force
at this time If these policies are cancelled or changed in >_zh a manner that will affect th•s certificate, the insurance company agrees
to rive 10 days prior written notice by marl,to City of Huntington Beach P O Box 711,Huntington Beach, California 92648 Al I
ITEMS MUST BE COMPLETED, ANY DELETION OR CHANCE IN THIS FORM SHALL BE SIGHED AND DATE() BY AN
AUTHORIZED REPRESENTATIVE OF THE INSJRANCE COMPANY AND MUST BE APPROVED 1�.1NA1SI2�L3V THE CITY
ATTORNEY
Name+)f Insured
Address of insured
.e_ ,tr
Location of Work or Operations to be performed
Description of Work or Operations _a t W2 1.t� r
POLICY DATES LIMITS OF LIABILITY NAME OF COMPANY
POLICIES IN FORCE + POLICY NO. Effective Expiration In Thousands(000) (INS.)
GENERAL LIABILITY i
1
I i I')MPRr HF NSIVE FORM 11l CSL
i I PRFMI,E�, OPERATI'%NS Each Occurance
1 r t xPL r)SION AND
,Ot I APSt HAZARD
I 11NUE R.WIUNO HAZARD (
PR+ ,WUTS r.OMPLt TFo
.WE RATIC.N$HAZARD Sj q
i CONTRACTt1AL $
I i k iNSUFTAN[E I f 1I
} oAOAr;FORM
PR,,)PERTv C2AMA'xF - y
Nf2+PE.NtaE NT ! i
—C NT RACE.TOPS 0 I
: PE AS;-NAc %14,URY k
AUTOMOBILE LIABILITY
COMPRE WE NSiVE FORM
4
01VNEV
H=Rt t
a._.__._. C S L
Each Occurance s
NON'«WNla C: u E
E"LESS LIABILITY
r a„MBRE_•v A r'JAM t
9
eTHER THAN {
$ - I
UMORf L%..A Fi AM r 'y
r
tic{3fiKf stS GfiAEFE f�`�ATigN .. - th, •.. ,..�� �°'C,.
EMPLOYERS'LIASIL tB*
t ix t
Additional insured Endo.sement
ThP insurer agrees that the City of Huntington Beach and its City Council,and'or all City Council appointed groups, committees,
comm:ssnons, boards and any other City Council appointed body, and or elective and appointive officers,servants or employees of the
City of Huntington Beach, when acting as such are additional insureds hereunder, for.he acts of the Insured,and such insurance shall
be pr,mary to any insurance of the City of Huntington()each,as their intrrest may appear
Date AUTHORIZERS REPRESENTATIVE OF INSURANCE COMPANY
'Nv�LIRANCE COMPANY
Naino
Addroa
City —...�.....®
City ...—..
7 alophano
HOLD HARMLESS AGREEMENT
(to be executed by ihsuvp,i
The insured `_ agrees to protoct, defend, indemnify,tavi% and hold harmless the Cry of Huntington Beach its
oifscers, agents. and employees against airy liability, loss, damage,cost. or expense by reason of any Aw'sll liability, suits, claims,
dernands. lud?ments an:f causes of action cause]by insured, his employees,agents or any subcontTv-3i :r by any third party arising
out 0 or in consequence of the perxorniant.,lr f Of or.Anv operations or acttyev for which this ceni:riate of insurance is famished
I II SON Propi.ni'orst-'a ter Paainership :fl; o4011 i4'?Or m fstatel
HOLD HARMLESS Ctr,VED By insured � �`_x..r� -�— Titfa
IAli nsr","I be printod or typed by Inswed Titfr
4-plow nails isgmturo'
If Corporation,TWO Officers must sign,or present evidence of authorization to bind Corporation.
A&L
THO
E.EUGENE MAHON
Fe Lr,ar-Y 1985
Mr. Stephen V. Fohlur
Senior Community i�evelcpment spvcla3jst
City of ll'untin t�;n Beach
2000 Hair. Strt t
P.". Box 190
Beach, -a i.fc r r,1:1 9 (Als
Dear Mr.
ser,,es is _ nzirr-atA
senior -;fftcer :n . AS a senior
officer, s firT`s ',;n ierwrlte
tax-exempt bc"nJr' se:i. In the .avaci�',Y
of rem irketinz zizcnt.
dad
h_n
C) w)zrc,r_,tors
LEM., d
LUMBER; MUTUAL CASUALTY COMPANV
AMERIC?, .01�)RISTS INSURANCE COMPANY . . . GROUP
A-AERICAN MANVcACTURERS MUTUAL INSURANCE COMPANY
FEDERAL K&"PER INSURANCE COMPANY
a
i
WORKMEN'S COMPENSATION AND EMPLOYERS' LIASILI'TY POLICY Non-assessable
LUMBE RMEN,S The company providing the insurance afforded by this policy is
MUTUAL designated on the De'ciarations.Page. if such company is a
CASUALTY this
company,the insured is hereby no:;fie that by%Irtue of
COMPANY entitled
policy he is a memver orthe company so designated and is
en itled io vote either in person or by proxy at any and all
A mutual insurance company, meetings of the comp,:ny.
herein called the Company
Home Office:
Long Grove,IL 60049
AMERICAN _ y
• a
MOTORISTS
INSURANCE • :T i <. . .,•, �r.a ,� :,.y,t . ,
M
COMPANY '
A Stock insurance-company,
herein called the Company
Home Offiee- •:, e.�r. ,.
t x
Long Grove.IL 60Q49
AMERICAN . . ".
MANUFACTURERS
MUTUAL-
INSURANCE:
COMPANY '.
An 1' r't np y t• : �•,„mutual insurance axnpany, rt .
herein called`'thc i:ampany .. ,
.t R4
Home Office;4F ,
Long Grove,11 aplqxi!
+. 11
a",,. .�a+`"—e-.<,1%w +„ .7F V.,:..+"�: a/, :tt .. % .:.�w"^fie, r tt�,,r� }5. i'�io.gi+ •"�k 4
FE LJEitiI\Vi 4 n't'_::T.' 'L ft.," i � 9.* +�r Y9i�.�I 7t�.r tip i .. r '! Zt S°�.rf•t�" �fia t ;. �IS'a',Y:.". #.. ,�.
d roar t •P r C x �':',,'�"SHt �+. "% t i0. ,. 4 .•' fr..Et} ,rr ,i1,wr. s[ 1, .%ntfK, -V'
t1C� � 'd;St '� y,� -�'c,3'�>r. :yt r✓ i''f j� �°'. apgF';o•�• «d�� :`�$ !if9{ •.+ s,,,�'...",+S � .
KEMIPER�.,.,;�%� _ :,
INS�ppgqA��,q��++ '� ' `� `s 4` " ,*41 Yht:atmual�meedngof the- umbermens.Mutuat Casolty .
Vt'l!&t�'w � ¢ t � a.,� � �: �.: e�.#� •3.��a ar;, � a r �t� �}� ��y���yy*� y�y,,•p �}%p
"��` r Is held 4,its
CC"IRMD
. ,�, w +dfutr °u` ' ��ixhirdTttesdt: tnMart>tsthyeat nti�ict'clticl� 'rr C
rvei+, •,Aa `,''?a:Y,^y ��7'��5,,,s€�1 ��,i+i4��« .���,R�eT,�HR;F �i � "'t'�•�i '�'�� �'.�,:` oa ;.
The company agrees with the assured,named in the dectaratt(ms made: part hereof,in ctxisideratlun of She payment of the premium
and in reliance upon the statements in it,r detlar3tWn5 and subjfct to t11c E11114ts of liability, ex.lusions, conditions and other terms of
this policy:
4 Petit RING AGREEMM'S
1
I. Coverage A—Workmen's C'ernpcll=uLn f<1 pa\ all cxpenws ulcnlrrd by tl:e c.,r,pany, all ct,ss, taxed
th, nnnrrI an any Vlach prticecthng or suit anal all interest
To i=ay lit •nivIl.V when doe all compensation 4nd t.t!rr htr(11, „ w attar entry r,f pulgn:cat until the company hat paid air
wended as[ It( I^Ntircil 1 y the wtei archs r"Injocnsatt'.11 la„ a (.; tit tltpusard all u sift such part of such )udgment as does
nut txcccd the tutus (ti file comE,atty's 1!abilr.y thereon;
s Coverage B—Er:.p'oyeri Liability
till rr.n 1 t !!Ir r,sured l+,r a!1 eels„liable expenses, (Tti:cr
To Ian, on !)chat! sit t4e tw.rc AT tt: \t ?i t!r i .! th.o.I ., r t r ni;+ nt"trrul at use cttr;an*s rc4tiest
stall lwr vats icga:l\ o,l;agatc t .o I a\ a, l,lafe, tact,)sit t 1,•
flunrY hY accident or disease, trcludn.g ileitis at a,:y :ant a,s,.Y.a.k ;i,t au, •'tits i;,ui t ! un,:er t4.v., ansurn;g agreement, exeet.t
therciri,ev, +rtttcritnl, "i t!aans And s(•is¢, arc payable I''Y tl:r coral:a%y in '
III sa,tan,e,I In the emir+l I %mt•n,, Its M.r.!..r•., ,r ad!,t,•,n is the .,T:iW!nt% payafdf r.:.,'er coverage A or Ilse appli-
ibs„a .+f (at/atla ',\ 27.\ Ua,•..,ntt .t I!., to:.::r,.', .1 t,,,'.�; ,. �< i:i'-,. ,I IiA'I,t\ i':Iuirr.,
al and all tilt c„ursr at 1,,% cng+'�v-Icn. U;, •,n,•, . c,sixs
+prrat:nr,a m a ,la!e .lr,iwnair.: itrr, ,. •:,tl., ., ++•u, .r :,. III IiefmitL:.rs
,•ik'ratte.nt r,ecraary ,r r t).!rsna'> i at, : (a) Workmen's Comtxasation law.'I i 1. sit uatsfd trrnl
110 \u,aattxd \all is itn,,,:;a,O, . _t,l=tt I', t :,1, ' �tr ,11M% umst n:-,•,:,. Oat\ nears 0,, worl.mrnis ca.mpensatic+r, las\
Asnerca. Its tcrrit.vna tr ;.,,sa.•,,an. (a.. 1 a1:y car, la, "r;rs• .1 j,, I r; la-,% an(! arty occupational disease law ,d
.a late ia,urcd uE:• i\a rtvrt• s,r .t a . „ ,r ird ` a .talc dc•,gnat[.' ,. e!rm 1 of t�: clee:aratsons. but (!-es nvt in.
(attach ans,:g.,i,t ,,I a•.,S as tic
, ! t. .;i• , t ., r'_ 0"ae "t c,,:<r:,"f 11,\ Nt:G 1 w w%:tell `royide non.rsc;n:pa
in+,:red in c(mnetti„t. sr, ;4raia :, a!a a , .t•c Ill s,;•a!„ rI 'P ... .!.¢aI,1,!, t>ee.rias
Item 3 0t v'e ti[ciara!t %s ;1 ;4:"C .f a' 1+:,1 al) (b) State :.t a •,l "stair"means a-IV State or Icrrs,,rs ,
ant. Nun brocgb' 451 car any }s,l/'s:(r+ rrrr!crr,! ! . , \ i t-c Ll:nt.Y N!a•r, , America an,; tic D.,•rnt of (<,lumbaa
I United States t°t Atner-.a. tc*tip �f ra .,,,st„I
Ca➢lada (If to as left,1. „s s t,�:'');n:CCI)1 \.•el ..> I.r.:,k' tc) ::od,:y I iltary by ANetdent; Bcdi:y Inpiry,by Disease. The
fit,al It,,. ,.I ,r a,, a¢ m t ail acc-ltaa wall..•.. the nnrat.,far .f tLe
w. r! 'at,s tci! t..e term , .. ,. Mary by a�ri:Ieoi" and an:y
II. Defense,Settlemnit.Supplementary Payrt^!s s=:a tall at rr,.,ks .!urt,ly at, 7.1 a E d,'s Lanny Ely accldrnt
♦ " ,., ,'. I,,.0 ta't•3 t' '.�\ flit\ t'\ 1(( If'.!•. 'l t'.0 terill
, reNe cc ',r ra,:ara".:re all•fT!e, !'i Ox ..rr .! , )
ps.i,ty' tl•c a 1 ary s!a.i :,rase - u.t .•.rs � sort, .,:,rase a, n 1'al
c tern, "la,.s, .r.rtr\ i s ate a lrr.I.-
(;0 ilcien I an% pr sere+! ti a) , , t , •e A,. s
t,t .! .r -!area , tilt Assaua and Battery. ( •.tl ura«. 1:.a,saa4t t I haute\
Iunefits and a, , s: a;;a r ,.,
wcl,,ng din Ayr• ',a ant+:,1 ,rt• eV.) i! ,. a. ,"r,• . r r At iLt parer ti,i
a,
,:Sit '♦ h+fl I7:64.r+=, la`s.e or lr3 t•f L.r'r7i, I t t. (n".. tr. .. •.
sacl: va%d"ogati". rea:(tt k,.!, a- set'
as it dccrrs ex;edits.! I V A;;`catsrn of Pol:cy
(Is! pa\ Ali rreir _. , ( e re.rase a!"ait.n,,:.. ! , a:': . • s t:` l:, h,
ant(t sit nnr n. [xccsS^. 1'r a"r 1,;!"! .: !, y ata'ta+ sit urns g
- -• ;r,...� '„fa,e CY.ar yr :rasate•
.:.:\,all;+rttm:.m t,r, a;pea. s .1,.-lt�: a'. A: . .',e rr. +,p..' t a' t..[.*sae\l ,''„t\ + t e 'y,t rttrk'%ure, III the t
prtitcr<ltng e'r, ,}a,., 0«1 %it?.t::t a:.. "?:gat: t. ! a ;!. ,„ '::,c r: +: c. a.,:..•r: ,�t l..^:a a:-a. ), Ina dt,ease
turnls?s any Such, tkrnsls. saes :«:. t"c y ;tr•
i"
E\CI l�IU\1
as t.(s rk,llcy does n•.•..E a;; y td•. t... sr•arr fly t r„!i\r it exemt>!ar) damages
l... or ,r•a!1. et an y m cm;,'uycc c ;•Joyc,,
ta' 'urilcr r+weragr, ;% All" ;,Cfat,, . _ , n i-:c'c•' a' „• \, ?r.,.,: a,, ,r t.) ss+,t" re ,r,t *, a*,> cmr,h)'ee rinpiored
!rent any uorklItace n s t4run,,e.t ,n i�teals i -f 0 ,l t1 r .^t ar. \:-, , a s t,:ti. i e i.r. ,,e.''ge to at.yu,eseenee cf the
lions it the Ir7wre l 'has tndrr like 1¢t,rkmrn I a•!u;*:aN1U:'1. Rats ,r:t,.te ,: A. . rxe, It,\r uff/trr t"-ern:1.
ether insurance l,�r such i,lwra,% . sit a ,,'�t tt,C.' ,ra 111t n'rr
theretor, Ir' S61:.!t ".r'akf 1, to ! ".`\ ir,).+ry h'\ d"scaic nn,rNs prior •�
t v its ,,X r ...•:-, .;'err 1".a er' rl tt,e j,d',V ',trza-i written
list under cosera)!e, A a-!.! I% t:1,°.r¢, rii, +c,, I I.'., . .,r (.1111 11 ,:Is'< > s,l Aga'lis) li,e in%tire+! for daliagts
Sere''•e.l rnl the tier tafart ,N. t,' I!, tt,t 4•aa em: sarr: at tt' t'4,.a-7,(' • .! •. a\ ,r liaral!. tf,'•�1 }; !l:ereir,.'r.,,
Lf agricud.vral emi,l.,trnen'. 'it •,r, lc• scrag[ l .. -
,i^.s ,plena) f,•r s\hu!. tF.c insured K
.tr a \ tar,see a, .:, a ,e: tray 'T he ! !sal is un;er the uork• ,
(c) under tOseragt it. !ti itch 4,ty as<.,,mrt1 I+y tt:c ,,arf,! _Icr I➢:4 1.s c,r. .,s ,,:(_,: +r ;tt:;a l :a`. dl,rase :aw of a Stair al,.,ig.
any contract or agreement, but ti:rs ex 'utvzra :sees r:,.t a:; a •,
"I"
,., Itcr� . !.c ,per era,... . ins other wmkmrro s ni eo •
,rarranty that work taeri itined t'\ or t ra I ehal! of t!,c u.* it't'a:',, ;T_:, .t Ks +at '7a, t!„fa Se :a any t'ticinplosntent com 4
hr dear all a workmanlike nianrer: per.sa!, ;. , sa:'1i,iy greeter last, I r uii'.rr any smitlar la%&
p�.
CONDITIONS v
(Unless othervtisc rolc.!,cc.nd!ttcvss apt,'} t:- a`" lc scragrs'>
1. Premium. The prcmmm teases and rates frr i!c elas-uliCaticna %%9,c: ,. .,. a, a nrtw+ n, I aN, "rrinuneratialin means 1
of operations described in life t?cclarations art as state,i vac-cm entire fe1,:l Via ,a, c a,,utcd if. Atturdaticc x'ith the manuals
and for classifications n.>d so ticstrilsed arc those ar;'i,.ablr art ase I) t ( r yany, earrc,: I,,;nr.( a!ie pulley period by (a) all
accordance wits the manuals it, use by the comlau). 1."s tether exetuu\e a flier;•% and rattier rmpl•yec:t of Cie insured ctagaged in
as issued by the camt..any and accepted by th,c insured will, tilt eartcratttt7:•. ;t.:sired by If is; pt)ticy, and (b) any other perron per.
m agreeent that if any change in c)assiiications. rates or rating toff z+:ag u. ., A'I ch, inay render the company liable under .'his
,L
Elans is or becGrnes applicable to this Ix hcy under any 1•"w rego. Ik711cs f,)r :Jury to f,r death :f ,etch prrscn inaccordance with
tang this insurance or because of any amc»drrarrts affecting the the workuiesi s conarxnsativn law "I'cmuneration"stall not include
latticfits provided by the workmen's compensation law•,such change Ilse rrniureratwn of ai:y •.e.s<rn wilt:a division (b) foregoing if
with the effective date thereof shall be atated in an crdo• ement the Insured maintains evidence cn;isfactory to the company that .
issued to form a part of this pOliey. the payment of compensatcn and other benefits under such law to
WWII[I'ls"I °
`r
ATiACH DECLLIATIOMS FACE.E);TENSiON SCHEDULES AND INOOMMENTS
Thft is sot a tomp!tte aa9 Will contract xdhest in aetompanpng Declarations Fitt Frtyerlp essstersitntl.
s
CONWTION,s'(C(tnitnunl)
• quell per<i,+t 1, accli,ed :,s tt' t.,C, 11i'l r.,l?cttelr;r itist, A irr •If 5. k4otiee of injury. 1ti1,en an alury tKcur, utalcn I:.,Iice shad
by dray cetbrr under lAkt4,g r;,p rfl;.ct i ;,\ Ox j; icrumttctal Ai:cr.ry tit gneu l,v +,r ua btaAlt (.f 01C nowt'! It. iL, c+mlprn) or Auy
hai'ing ptris,},.tton Were,'I tit 11, ant1:rtrtzct1 aj;csits As swin As practso:Al'•Ic. Such notice shall
et,:m At❑ pdri relaf% %ttllieient tit Qdei tit\ tier Inatirr} An 1 also rca-
if tilt •:rclaralligiti prui tits I d " r.i:ur .1 i rUl r (, +.tl t, ,„.,W! Od to raLlC IrU+rniriitm rt,pn,/t i t't lmt r. t stiff and cif-
11:a,: AT-, asa".uaY stoic. Il:c it; , p.rt t : di{,r 11 ,rtw,.ml ti,tu.t.unr .,I tit, i,,7ur L. iLr l".11 rn .,YrtN", ,,. tilt trlrrre'l
j h• ILI cons;Arai equal the i•.: -,at t ., it,.ln i u d t:m r, ,,"rr ,c,• i,. .ti e�'.ti.ir is tt rat s♦t-+
illtcrim premnitils shalt Ix c +mi•n!C+I ill air+,n!At cc ii itil t:t nsara•
11.4k Ur n,e l.y SAC cram}Ally At.f pa,d 1. t ,•sat rt 1 p r+tt tit .+, +. 6. h ituc of Clsirn or .. 11 'dtrii t\ ,,a.',r r ♦sett t r otlitr
toe e r al tit CAC14 uilrr%A ,;run r l el, t A r,• !i t Q+',t lit., 1 r t ALA,sal the t ,art t rt.t el:ril nnu.c-
=ru tlt,eI ♦i:atl tic it la t r F\ !'+ a e _J n . •.1 1• t't 7- ,a y' t t 't t , t A.'. +.t ,not-a-lla
]r::scy and CTed:tci! tit ILL kbdi ,-rt,; r , rx tte.tr pt.it rtettif, 1.. will ••I i , it;to-sir;"a`tir
l'I:t iii :ir•1 s«:.1't ttia;atren n•.; . „ ] As,,,tance and Coopera:.a,n if the Insured t it ri T
{ }.(titirittna .�!:1t1l sal:. , a i.,, ti.', ,r , , t•'•—Al •.et`d• 9 t Ai. tit.'. •• < 'j t , rt+ C♦t,
{. 21 Ira ,rn l cv;.le< r1 ,',e, ..r ' :, ,1'..1 t f r J..r rt1 C, I ! .aa till' a, I r 1€ t fa i(I Q, IC I
tl{t t }.c [ant i peat At fl itt r ..1:t j., r.- n>r' .l,r z t, an.l Rti 1€t, c: ic+ r 11 r : ' t [ at.tttt A tr d
d 1 '.r u'te,:271t h:ai tll'C+• t , !•!..n< a'! < AI'. I i'e t 1 :'tt i! '1 s fir i r eatr l 1\ 1•'e uraUrCil
! -0 fen 1 7.r!]tE4t (t i t ., \ ]: , • p •,A 11, 1\ 1,1 t! !1, Ci't.: +. ; `I J.,,Aa A:.♦ c lntr%l,
+1 i<n.B•nr'la/rani Q•,([t, I i. L A : ♦ a ,: ,., .I,w+.. Aet% ,,A_.e..ni ,f 1.u11 r A i% / ', r i!a r sat:;
:C C In;.:t.ftl Ill aCCK ,ld:.ttt .. t '91:1mra"r tl'trt;. r: .I l..fP 5ffliaft :It t ., (.Sit[ / t'.;.tr} , d•f
COST.;d!i♦. •.sit •tt I,y a rklilt It\ („It11(':e,d!i.n1 Ir.
8 Statutory Prov.stans. (.i%rravc 1 T e ,r rt,a• ,!'+ 1 e .'.>
'I1,r ( e , StAteil .. ..r ., .a e;, a a+ (`• n'd'.e � + rR+1ii d n;drf.y Ldl:it' I•.
ut 1 it on' L•;rin r t n
, .,
, rp< ,ali,.te!A.,
si,r,� `•C ;-..n31,U1[d dC. ,n].K c.,t\•' •.[ r'a,, fait •A - . . a ! ! !
: t 'ern -at r cn for ° i pan. ' 11.• i \ ''n:( a
1rent:::ats a:'r! ins:.a,ttti ,rrt:wtr:- ,al;`r ! e• tt;. \ At.- . sins .,:i l La e�e• ACA•., rLt 71`i:2•-a
f
a:'c,•i ridtiCe ii Yt!' I:ir t::An:.2l* 1 •�, :. i:t .f",;A.; It !'t �",.' r` .;.(. :.. ,.. •..,t r --,a:tf f,...::-1';in '.• it Pl1(y 1.1 ':,[
prfCD-0l-]ttY!: +'•:< [ IYI,t:tr+l f[frC*`` t'. •:,.nu •.t(1 ,• , . ,. f ,..
- :a f r.: t,:l!t r1\ .trir'. .'r /, Sl•!.
40 'rod <.•Aii i•d< i"te r%:eta , .•:r t' ;:A"•.i, '. :l'", f .. .. w'.A • •[,1 1 1•;; i•., t .. a , ,.a a!e''.l,A. .., t:t. :lt tr,i.
,i.]il ifttiT /a t e .ivirfe ..rr ,..4]`..+ jx ;A• e a f 1rt
A p rrtts:t l;< %!.A: a i, 't.< TO r,.t• t n
ntftl<C'InTKtI<a1::.f 'tit.,ter A A•t I rc... air l .< < .. ea , , ,:; :/ d" • t 1';...t;.', r. - :.':.';sl
to%and <r unronaitt 'Iona. f i Q t•t r .1'• IC I. ;A 1' 14(r or
AP:>;i e:♦'Art d• t . f[.Il Y. .., i•d"t t r - I,`rn:;:.,".t :tc
1 Long Term Pc,hcy ft t , 1•'(, a \r;•"e^ t • a ;er'. 1 +:' .',i t' •it ', •.rr r1 r {:,r; ♦<a a t,.t a, fi nit•,'
t,A- (.a year. a'. ..C , - t p+i, . . a; J r ;4 w,,' ♦'t 1.f .-•n4E€.. r ( reepA:,i an, I�lc
Sahli t , C,101 C T:SCCU!I$C Istr+•se r'• • t,'c., , A .. r ._p, ;t'.. i i a-4 A.,•...t rt t*, t'.,,c
• is<t e•'i<CL l:t.a( itrfl. a e5 .fl lw e, . I.arli[ I.L:I:t i,w . .Ale: :+`^'li-, .:i ra ... • rrt:..(ft•.
;+ef:.nt tit ,;C%s tllAn lt,I l4-1 ins rs'a.;il t'C <2ne ttta"•i r" ', A ar.d'r;i" , '[ I.',C I.•.It A::•' :'.d r't,rf r e%<...rat l.i astC.': taN
iC;'af]!f IN IICy had. teen Nriven I+' r]:'. ti'•SttCi"'!itr ;=f•e '� 1 rh•t ri'•L,e r t h•'e. '.'n SAtt, ]r,! y'FiN sat,r:% e! t to
caned I emtun' ieit era s c' rr;..f rl l t < T-,;:t:r A, ,r., WC , T' I!, 1A1. f
innt!ai-n I I Ihts I a'. s rot, c% C.I Aa . •f
r+•t r•?r,f Ir WCrr,r.aa:, it •.a( t,.r \,an•d•.i _ ,. 4 r t• r ,•+• l.'m , (. .iiprmat[•.tn Iaia s.al'
tla<at":eats.ns r,1 1';ttra'e':1,% f ...:-1i (1,"S ! .. . p'r:'a is 1 c' }R d' fl(rt.r A ;A i l..l. a ptl c\ d, ..', a ar..l tir•nkp•ltI(It as to
CA'..:!a teti tuns !,2<IS. 10 the 1 1,11!g I.•C.<."♦:.t`< is ri tt,. . 4 t -i tAf as Kieft apt;t 1, rmir,rusAtimi anti r:/!ter
!rnrt e< ;r.t t t thin ite:t:y Art,! to special taxes, taymcats
irem".`rat tatts f:er 17r tit< Li C'nSCC sir 'r'- t lC irl"r t:rt!i Cr spt(u1 Illnet♦, Ar1d aise«nifr:t< requ,red of
itdtNfl an,: io, st a,;-.,<tA!:I late.. ''r nisi[ r aj;a 1 at cim;t'tsAtit ii itist'faUCt Ca(tlef5 ,.nllft }rats: fat%.
pnr,. .; accordance taztll ILL nlan,:a!< ua site by t1:e C •I-,;.r'rs 1 pe .:a. I—! al,a'' fr ael,terse 1t,C ee--ill;grit for n'.:y payments
•Cif r, t`t a t'TIT,-a, undcf tl.f U(,lhnlfr., ( tLpCtiaati(i lass.
itr Irelnellm Lair`• t-xa•lFICAL,''ns 0 r;,r•a' atra r%tt , + I.(:' /+< r,gtllarly I•rtevs.!r? bt su(6 Iaia %�4411
f,n ig ;:Ali%, prcTtl,pnaa Air,l silt/l iT➢:a'I I`retnitiitra f':f rA, l,f<] tie,:I It.' r\ I. .A' —N CM`!ily CC lii rraa,n: tit ti'r trmiu,anti
r !4Wt prnal•I weals tic till ar ap;'r(a!r°c for a (1, it :+n L\IIIt, IT a t:. ,,I e IS♦a.•td, t r tItt as:y C11114 tee enap!„iC•I It)
At',* r,,d.:CC it silt tf:r ma!tLlx a Ito trsC :,y tits ti•":/At.-, t'.iC t.a"r< ', \ �dislrfi +,! !d'.t ti 1!°. .0 ki:,\t:r•:1;( i,r aCiittles,:Cr:�C
t,I t t , i•t dr:l Cie.t,!ar (fit(er t::trr,i
J PartnemIsip or joint Vest lute as Insured,. It tl c i ( ? is a
t di not !•.I, or )Dirt Ycnt:etc, %ltc:� ttii .ardc As It Alf=.• t I .lilt , 'l: rrr,tt OiA t iCIICCr tl.e Insure +.I thr ointga hiin<
1 ttv applirs to cacti r drtr er t r *ncnilter Cterc As All i',i'.tff•1 ttll; a. i,l„.. ,'t €:,curt+! In' tie ntllcr trtuls t t if.!$ pn.ilty.
mils ti1:1':e tie n actmg utilati the st qC t+ lt,r*....,,• A, •.....p afti,er ur member S, Limits of Ltandsty, l use.a1;e It 'F;e c w(r+;- "damages because
! rl+ •+ !, ar,u!rnt a.f disease, including, death At nnv time
4. Inspection and Audit. The cernpanv Anti am ratisty, a.st`..r la "`'`tl ,. •Gr r .t I,t 1:01crAge It include damages for Carr .nd r
haying jurisdiction by law shall Cat):tic permitted but w 1 +!Iti:ali A "' t i ♦rttl[r A• ,Anlrjyrs Ietr w.1 i She insured is hahk by
IC.Inspect at any rrasonah}e time the uorkp.iarca, rid
rt., i i,ut, +.7 Cta sits t•r,,uRlit against the insured by others to
n;.cxattrtti, ' t
ehtncry and equipment covered : this policy \either t:,c rtg}ft eel' ter t:ee +t.ataap es Obtained from such others b"Cause of such
to mak^inspections nor the ma'ts.ag thereof nor any r(pitrl therct•= 1.A1 t i"milt sustained Ly cmployces of tic insured arising out of
shah constitute all un6rta:,ting r.,n behalf of or for the lerncht of aei.1 1., tt:c tcr:rsv<it ttirir empioyinent ,he limit of liability stated
file insured or ethers• to determine or warrant 0at such taork tf ILC dr,1atAV1,rf lair cnyer7l?t It is the. total limit ca the companvs
places, operations, machinery tie equipment are sate tit hcalthlt l ftal'r}ti i s a ataukrs because0 'iuddv injury by accident, m-
cr are in compliance with any law', rule rr cegutatroil roe€ij can=t at :;) time resulting therefrom, sustained by one or
sr Tl:c conapatty and any ratio; auaharity }:aiisig jurist toss ti lei (n r i rm,Itryet in ar.y i.nc accident The hnat of liability stated in
lay snail each lx Permitted r to examine oral audit tilt tt-T,insunits tt,e volt ataas fir coverage If is the total.ia it of the company's
ply'.zll rtcrrds,general ledger, <hshursements, vouchers• (crtltract<, h]bling,tv era off dafy time
because of bodily ,"susury by (tby onse. In-
Mr I`C orts and all other books,documents And records of any ant} [fading 4 facia at any rimsrediresulting opethcrations
in sustained at one or
evtrY load at any reasonable little dune slit he period and del mne e n Item of the insured m ois or in
in any ti one state dung-
cstensfan thereof and uilhin three rn s liter of Sias fated m Item J of the deelarati"ns or in operations necessary or
a•'PrEic y Incidental thereto
Y.as far as they show or tend to show or verily the amount
41 tesr'Anieratian or other premium basis, or relate to the xub)tet The inclusion herein of more than one insured shall not operate ;
?bM"tr of this insurance. a +
to increase the limits of the company's ha : :ty, a
y S V 1ACsIT WX 2
4,(J,\U6JI ilf>� �t.araetnua•J)
10, Action Against Company, Covrragc 11, Not action shall ite h7 -g the iM.hty perintl Cite ut,nrcd shall .In, and uriiien notice is
against lite coinlianc little%,• as A , mXittiou plccrdent ihcrcto, the gltru to IJn' Cou:"Au% tabu❑ thirty .' 's after u,r date of 31Ieh
tusural sl:All itarc Sully <aneyi,e,t anti a?i tl.r Scrims of Is, IM,IICI• d-Wl, tlna I-Iti t ,hali u,ttr the ulanX t v irgal itpre♦1'.rtauvc a.
s nor until the anl)nnt of the 11111MItI 11111,,,AIV-11 1.1 pas %LASS i.I%, ul,to,I. pl. to+h'I trial notitr 1•i (Alivelatnnt a,ldrt• fit to lite lit
hr fi hnativ d(lcritallcd either In wIlgintil! Agaili♦t OK Im+urvil.,'it! still,) I:utta ill flat dtIUralwoss Anti inafled ur drhst;Col. after
actual trial or by ur)ticn agr,en..Itt of 11'r n¢,',Irvd, Sloe t�Allu.trl)o sit:it ill Ail. 11, 1?( JIhhl,a a ,mn kit it,'. iM)ilCv ,1,4'1 be snfli,lint
allot the CAfllpally motile lit 01-1 tai,:/Idl:•in 111 lhi9 iM41vio
Any lMv,,,n w ors;anh'.ition or I!c legtl icJ'restf,t:t*+tc tl•t;r••t 15 Catieelat\on. I;„ 1.4ily may he car•eele,i be Iht insured hi
who has swocd watt¢ ):14hrnrnl o*c it.sit,11 Ag,(.Isirvi o,43l ll,tlr madwg t, the Ct mpass% iritiru imllte ,lating ulivi IhcsrAfter line
after be enitllCd is) rtt,at'f Iliitlrr t1Xta pol,v t•, 'ite l'Rit'111 ,,, I_ taftrclalr.,u sh.&N 14, rifaCtls( 'I Ili, I-licy nta), be cAnce"A 11) the
Insurance afforded by tlns Ixtiicv eontamen in Ilya ,t,s (onlpany by nladwI; lit thr nisurrd at the address OtotAn in this
atsall give alit' llerstm „r ,ngautrat„it acv right to jonl it;, so III puhcD urittr!I !,utice stAllvv stl,rti not less Ilan tell days tll(*rafter
iIMIV a,a CO-drle?)OAlll In ally A(tlr+:a J,tAt7Nt the o1a71fr,1 I. , rt ,I"17 tA15acPall.e'; ♦:al, ;w rticrllte 'i-Lr niAlhni(n{ nni)CC A4 Alorr-
111113C ti.0 tnanrcd', l'a!`E!¢t) aatl sltAtl lie a1:11as"it pru,d 1.1 nutter The Ctk,tt%C !Alc ,Ind h,slu
let tr71ttI414.1: ,itt,+!I:t lite 1-11Ce OIA:;IK-COI11C IIIV(1111 tot IIIC 101111%
Dankrulstty ur nlsultcncy of Cite ws,'.rJ or of lite u-aurc.I pt'itati Tiul:rra .I biital unfurl out,tt Cltl�rf by the mswid t L-
state shall nt,t reilcie the cumpatty of aily to. its uldlgalpmi,, SSU+te" t,.C tutu J.A%% ,I,J',l be CIJtHt AhYit It'InAllinit.
coverage 11
.. ! tit i , a ',A.)
11XAet".Ala lit i. a' 1.1 1 e C.,7
I '!
i : 00h su C- Inran pt:ce. It t an:CJ i:a ,.L ter wt rr' t AW. '.t A i , Pfr t ', : I rtr ,un alto`! Ic i., ,•I t n t
i, s I J«,b•'y. 11:v t..:111.All% %.al. $I,t IAhat , 1.,•nan al:ufl lair 1•u', .r. Ja,M,.!:1r. a:' !
It'.,..rC<! l:.t: .:'.So.'1 1' f ., I;I,-airs It •r t,,,t. f • ti:;tit 1,♦. . ..^ '• �^ a.f ,• ., � I. � , a:, z,1'.�.:. I ..r::_.ni .A!..:i ::.... r , d1,iJrat...p all:•;I7.t tvl:,: tt,.l.l.l '.:Ate 6t,7s I•Avalre v!:dr• 14- 1--, i.1! : 7 , (11, l..t .., .• tann.! l.+tntuul +!,A:; !K Cur jf'ttr•'
I ,, ! •.
„ic:p •Ila, A:. raiitr C.:T%te-.I l,t f!n'A'a ! 1 ILI: st I.! ta,el Anl•� °71 At-,,! :- +! l- \ ., a� ♦ t:IX.:2 1!IAI ;t 1,;a,.t at 1!:a 1.S.:s tr!- tl•tie
t1=C AI+I,111ota u' C') S'-,.;)!,J IIAsr `: rv11 J'ASaldr 11!-r VACS: t,tl,,'♦ I!•,.'it.:at„I 1. l.,A tt:ct nld.la,.0 01 !r. tna,ir a♦HM!t A, ra,to at:\-
;MXs•cy a ;hrai.'r tt, at.(L ;,:,s, iad CAIII entli 1M,;iCt teelt rile .,. ,r ,.u,:C'A!,a. '.ittulnrs 01c•tntt' Ilse (un,I,al,%'♦ CIIt), Pr 11:r
J. �<: a ,• ...'A�,r I -.• � it rl l't,l;:l AlitC nwl{!C,! 1 f r:'il'.a!t,! as AI.'r:♦.11 ,l,Ai!
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its )it-"Iw I)fiice at t!'.0[!ACC Ad I'I;e a!AI••i,.!. '.C t!•.Fit t •Iter
Mu'uals-Partsclpation Clause Without Ccrit,rcent Liatstltty. ti.: i ,.t,r ...,. s As=r,aat:C T?r l<Lt l:d,2rr is
a In(miser t4 sit' C,nnJ,ant A-:,! %LA?l lvllllsi'Air, t.s I I, rxttill A! 1 r a:ie Itt.ard p,f lb,tat .ra
In accordance ta:th the poin %.rrs ail .A'.i, ni !!`.0 '.?;,1 rF:.61e.X13 W .lfal.X
D.sridends- A(AIRK AN M01(/RIS11 riniRAl St MrIR
INSURAN(I(OMPANV INSURANt((UMCANt
I%r Insured %1,211 l.drtrcipatr In VIC CAMMI•S .f tttC Cnm1,Ar1 10 a.. I'Ve'• A a,.,rh v,tAst „• J♦ a/p,t71 he.:elerrl'•oe= I I I'!
Miaril r•I DDifect.,t,I I+e rnrrpat'v I't ACC ,1`11A'CC 'AIll1 1 A%% .4"'A%Mail' I > 1 fit'!r,: tf r Itl,tsrPf V,A% !ta•r 1.11111,1447
A,' I. tht trrnls or t.tit% pnhcv t%,,:: rt,•,rtt (I (•rC f ai,v r.'I ° t,` T.
A, rt s,+ta 49 I':c Mate t't I exa,, 5+.lit pr,w,+on is A[ncn,!ord t, fra! As I ..it s
Dividend Provision-Participatini Companses. T:r rarr:e.1 Imp:rc,: <L.L lie c., t Air !r a 0 s• •!,a tr,li of the ,tlrl.111s ,f the
company,as dcicintrr,cd 1=• it, 1;•.Art:of Is recurs Irma tinic t, t nit,is A ;? eca a- r,''s—C 1.',h't %I".::s.,I the I c-as Inanr.
3fltr Ctdc,,if 194,1,as allty'cd
Aa re,pCct% the StAtr r f Cahl,,rnia t":c Mut:,Al Pa::cy Ca.r,•!:t.f s Awl I;" 1n C l.lr,J ate sul'Yknientcd bt' 0 C fisllot%ing
pafagrapll
Participating Provision. The sn,tiretl may paTtfc=l\Ate in tLor rarwtll:,o't' , c• '7. A•'a rrp-rsrmrl by vlrldus accuvirtlated twist premiums
(in California workmen's eomprusaltors 1-licks to if extent and upo!: I!' r,,n i c',a .1,trrnvvr,I t,» the Iloar,l of Directors of the
c:,rapany in accordance with Saw after ilte rxpiratr(n of lite ;,olici prrio i t ,•nit,: --r ,' oft.A is a('l I{fAhle, procmled that no dtirAend
shall be pdcahle hereunder unless the insured has c='mh6:rJ iant, I?C terns,-I the ;-.,ills in rrspc(t h. the Ia%nteut ill premium.
IN WITNESS WHEREOF. the(ctmpany designated an thr Dt-darattwi, I'a.:e i a%ca<.fsc4 Ili;%IM,lic% to be stoned Lit, its President
and Sea:retaryp but this policy shall not be %alld unless -ttuutcr5l6,l1c,J rn tl.c DtCaivatl,,ra 11c,�c b) a ,July autho:lrcd tepresentative of
the company.
LIJUS(R.MENS 14UTUAL CASUAttY COMPANY ltD1RAt Xt IAPI.R INSURANCt COMPANY
AMIRICAN MOTORISTS INSURANC1 COMPANY -
AMERICAN MANUEAC114lN111 MUTUAL INSURANCE CC!1►ANY
i
5e:ntsrq Y -
J"earilRrt S.trfary j'rrRlLRwt s::•y��X
ril{�..� ES'fj SOT.i to
JACUT®Act 3 rael%tt8®ill U,y11I.A 11 ,t
❑ Lumbecmens Mutual ® American Metaristy ❑ American Manufacturers ❑ Federal Krmficr
Casualty Company Insurance Company Mu.ual Insurance Company Insurance Company
Workers'Compensation & Employer's Liability Policy Number 3CM 579 380-01
DECLARATIONS
1.Name of Insured THOMSON MC KINNON SECURITIES, INC. (SEE ENDT. #15)
Address (Number—Street—City or Post Office—County—State—Zip Code)
ONE NEW YORK PLAZA, NEW `;ORK, NY 10004
❑ Individual ❑ Partnership N) Corporation ❑ Other
Locations--All _w. al workplaces of the Insured at or from which Operations Covered by this Policy are conducted are
located at the abotti Address unless Otherwise stated herein:
_SEE SCHEDULE ATTACHED
2.Policy Period:
From: 3_1-84 12:01 A.M.Standard Time at the Address
To: 3 s1 -85 of the Insured as stated herein.
3.Coverage A o"this Policy applies to the Workers'Compensation ar.1 any Occupational Disease Law of Each of the
follpwingsta es: AL.,AZ.,CA.,CO.,D.C.,FL.,GA., ID., IL., IN.,KS.,KY.,LA,,I�tS.®MA.r
Mi .,"S.,MO.,N.J.,N.Y.,N.C,,OK.,PA.,TN.,!!T.,JT.¢YA.sW1 .,TX.,CT.
gib.CLASSIFICATION OF OPEPA FIONS I Premium Basil Rases Estimated
Entries in this item,except as specifi-ally pros►ded Code Estimated er s Annual
elsewhere in this Policy,do not mortify any of the Number Annual of Remu- , Premium
other provisions of this Polcy Remuneration nerauon
SEE SCHEDULE
229,863.
STOP GAP j 875.
EXPENSE CINSTAn,
KY. TAX ASSESS. j 125•
f I
j
i
Minimum Premium $ 250, (CA. ) Total Estimated Annual.Premium S 230,148.
If indicated below, Interim Adjustments of Premium shall be made:
❑Semi-Annuaely ❑ Quarterly ❑ Monthly Deposit Premiu /
3. Limit of Liability for Coverage 8—Employer's Liability
$100 000. Subject to all the terms of th�Q, aving fe Thereto.
unters►gW at Cour,ersignaturP Date • i na cesas�d �
Month Uay 17 Yearg( C s g
cK 3 ao soM I ED IN US.A.
i
H
licensed Resident Agent Countersignature endorsement
it is agreed that countersignature of this endorsement shall constitute countersignature of the policy for the state of
SEE BELOW
The Annual Premium for this State is:
Subject to Audit Not Subject to Audit Total
S 5 S
Location: Amount of Co,,erage: Coverage Provider!:
CAI.IFORNIA, NEW YORK, NY J. J. TOWEY
COLORAD09 NEW YORK, NY J. J. TOWEY
CONNECTICUT, NEW YORK, NY J. J. TOWEY
ILLINOIS, SONG GROVE, IL CORWIN M. PRENTICE
INDIANA, INDIANAPLIS, IN JOHN W. HANNON, JR
KANSAS, TOPEKA, KS EUGENE KONZEM
LOUISIANA. NEW ORLEANS, LA ALBERT S. PAPPALARDO
biARYLANDe NEW YORK, NY J. J. T(WIEY
M1ICHIGAN, NEW YORK, NY J. J. TOWEY
MISSOURI* NEW YORK, NY J. J. TOWEY
NEW JSRSEY, SUMMIT, NJ GEORGE A. BACHMANN
NEW YORK, NY J. J. TOWEY
NORTH CAROLINA, NEW PORK, NY J. J. TOWEY
OKLAHOMA, OKLAHOMA CITY, OK SHELBY H. GREEN
TENNESSEE, NEW YORK, NY J. J. TOWEY
UTAH* NEW YORK, NY J. J. TOWEY
VERMONT NEW YORK, NY J. J. TOWEY
VIRGIN14, NEW YORK, NY J. J. TOWEY
WISCONSIN, NEW YORK, NY J. J. TOWEY
Effecti-m Date: Unless an effective date t, entered below, this endorsement shall be effective as of the beginning
of the policy period stated in the declarations of the polity.
This endorsement shall form a part of the polio to which it is attached. The company providing the insurance
afforded by this policy is designated on the Declarations Page.
Named Insured Producer No. 38 8284 Counters ignatur of Licensed Resider a Agent
THOMSON' MC KINNON SECURITIESr INC.
Policy Number Endt. No. Effective Date
e, 3CAi a9 80-4 ' "9°° 4 COUNTER51GNED A T s NEW YORK, NY
•k.�,r R t ., f �4�« �.•� ,'q�� 'x, �'�4 r� R. �q �. � �, 'fit 'N
* 41Cit+t� i +• •r` yr' fr�7C :d e' w+j' w �• * cK tk+r.._ p rn: 'At '*s'' "�FYJ;r " # �v .$SINtETaY�tfC'
Irw
OUP
WORKERS' COMPENSATION AND EMPLOYERS' LIABILITY POLIE"Y
Additional Insured Endorsement
In consideration of the premium, it is unoerstood and agreed that the obligations assumed by the Company under
the policy to which this endorsement is attached shalt also apply to the additional insured or insureds hereinafter
named,subject to the following conditions:
The insured named in 'Declaration 1 (herein called the Insured) is constituted the agent for the additional insured
or insureds, and
(1) Any notice of cancellation give to, or received from the Insured by the Company respecting the cancella-
tion_f this policy shall be conclusive and binding upon the additional insured, or insureds, and eacL of them,
and
(2) any return premium payable and any unabsorbed premium refund or dividend `b; --iay be declared
by the Company and allocated to this policy sh II be paid to the Insured,and
(3) it is understood that the financial and operative control of the additional insu. `treds, named
herein,are identical with that of the Insured,or that the Insured and the addition31 i sl. d herein are
coinsureds in conne<.Yion with the business operations covered.
ADDITIONAL INSUREDS
THOMSON INVESTMENT SERVICES, DIVISION OF THOKSON MC KINNON SELL Jl't , INC.
KING STREET PROPERTY CORPORATION
THOMSON MC KINNON ASSET MANAGEMENT INC,
Effective Date: Unless an effective date is entered below, this end:-irsement shall be effective as of the be;9nning
of the policy period stated in the declarations of the polity.
This endorsement shall form a part of the policy to whicis it is attached. The company providing the hisurance
afforded by this policy is designated on the Declarations Page.
Named Insured* Producer No.'
THOMSON HC KINNON SECURITIES, INC,
,� 7
Policy Number* Endt,No. Effective Date'
9CM 579 $80-01 15 u— 3 1 -8 4
"Goatrpletion necessary only when issued subsequent to policy preparstlon..' M
c�c zaa,t•,cs.�a ,.�, a�ireu�t
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Al CITY OF HUNTINGTON BEACH
White City Attorney
REQUEST FOR LEGAL SERVICES cauitnary city Clerk
city Administrator
�;.
Goldenrod Departmental
H'-NT.% TON 8E,4CH
Date Request Madc By Department
INSTRUCTIONS.- Fite request in the City Attorney's Office as soon as possible.Print or type facts necessary for City Attorney.Out-
line briefly reasons for the request.Attach all information and exhibito pertinent to the subject.
Type of Legal Service Requested.
[ 3 Ordinance ( ) Insurance I 1 Otner
I ) Resolution ( J Bonds
( � ContractAgreement I I Opinion
All exhibits must be attached,or this request will be returned to you.
Exhibits Attached
i
e r
A �
w
If for Council Action, if not for CounsT action,de•,tred completion date Signature
Ap"a daadtine
Council maird g
Pic 1"s
REQUEST OR CITY COUNCIL *TION
1111 84-47
Date 20, 1984
Submitted to: 'itv f%iunvil
Submitted by: Illf"ry,rvevm I-0% A Tylivi�trii r, r
Prepared by: -f
�4
Subject: -,!K,
sic a
Statement of Issue, Recommendation,Analysis, Funding Source,AlternativeEmLents- _4,.*
5t np t. 11 f4l:4fw Xi �rvf �t 4 Pi
(,tJ Q1
For
%
�q tk
oO �r% vrWpore, the
ltttw,�cl, o, r
FEN!'UNI; SOUP, 'j'.
".,:o )Fit,
"ION:
141 not rinprovo �,vlr,tr�w!.
A'TTA('11%`FNT:
Cnntrnet
P10 4,"81