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HomeMy WebLinkAbout11-28-11Pennsylvania OD% Western Surety Company PERSONAL REPRESENTATIVE BOND Bond No. 6120515.? --_-------_-___ _--._ ESTATE OF xay M Yorty _` __ ___ File No. KNOW ALL PERSONS BY THESE PRESENTS, that we, Leonard E Yorty"__Sr. , ____ , as Principal(s), and WESTERN SURETY COMPANY, as Surety, are held and firmly bound unto the Commonwealth of Pennsylvania in the sum of One_Hundred Fift~Thousand and 00 100 _,_- DOLLARS ($ 150 000.. Q0-__________-__ _), lawful money of the United States of America, to be paid to the Commonwealth, for which payment we do bind ourselves, our heirs, executors, administrators, successors and assigns, firmly by these presents. WHEREAS, on the. 20th day of-_~ October `__, __._.2011 _, the Principals} was/were appointed Personal Ree~resentative ____~_ _,_ __. _______ in the above estate. (state fiduciary capacity} THE CONDITION OF THIS OBLIGATION is that if the above Principal(s), or any of them, shall well and truly administer the estate according to law, then this obligation shall be void as to those who shall so administer the estate; otherwise, it shall remain in full farce and effect. PROVIDED, the aggregate liability of the Surety to any and all persons, regardless of the number of claims made against the bond or the number of years the bond remains in force, shall in no event exceed the amount set forth above. Any revision of the bond amount shall not be cumulative. Signed this __. 18th day of - _ November _i. 2011 _ -, d ,~.-"- ~: Principal u.. G v~ Q _ i .. F-- J - i ~ ~ . - - - C_` `-~C~~ i;~ `~ s~ ~.. C`! W--:~ l : .Y°- J ~~ ~-.- ~~.... ~ L ~ L ~ \ w.) Y ~ ~ ~ ~ €~ - - CU Form F 3i18-7-98 Principal WESTERN SURETY COMPANY 1_~ ~~~ 1 { Western Surety Company POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That WESTERN SURETY COMPANY, a corporation organized and existing under the laws of the State of South Dakota, and authorized and licensed to do business in the States of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the United States of America, does hereby make, constitute and appoint _Glenda_K_Stouah ______ of Carlisle State of Pennsylvan_a._ ___.___ ____._ ,with limited authority, its true and lawful Attorney-in-Fact, will full power and authority hereby conferred to sign, execute, acknowledge and deliver for and on its behalf as Surety and as its act and deed, the following bond: One Personal_Re~resentative KAY M YORTY bond with bond number _ 6.12,0 515 7 for 1~- 9~rd _E_ Yo_r.~Y~ Sit- - - as Principal in the penalty amount not to exceed: $ 150, 000.00 _._____. Western Surety Company further certifies that the following is a true and exact copy of Section 7 of the by-laws of Western Surety Company duly adopted and now in force, to-wit: Section 7. All bonds, policies, undertakings, Powers of Attorney, or other obligations of the corporation shall be executed in the corporate name of the Company by the President, Secretary, any Assistant Secretary, Treasurer, or any Vice President, or by such other officers as the Board of Directors may authorize. The President, any Vice President, Secretary, any Assistant Secretary, or the Treasurer may appoint Attorneys-in-Fact or agents who shall have authority to issue bonds, policies, or undertakings in the name of the Company. The corporate seal is not necessary for the validity of any bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation. The signature of any such officer and the corporate seal may be printed by facsimile. In Witness Whereof, the said WESTERN SURETY COMPANY has caused these presents to be executed by its Senior Vice President with the corporate seal affixed this 18th day of ____-. Noyember______, 2011 ATTEST WESTE N URET COMPANY A. Vietor, Assistant Secretary Paul T. BruFl ,Senior Vice President STATE OF SOUTH DAKOTA COUNTY OF MINNEHAHA I ss On this _ __ 18th day of November ____2011______, before me, a Notary Public, personally appeared _____ __ _______Paul T. _Bruflat and - A,._ Vietor ___.__ ._ who, being by me duly sworn, acknowledged that they signed the above Power of Attorney as Senior vice___P_res ident____ and Assistant Secretary, respectively, of the said WESTERN SURETY COMPANY, and acknowledged said instrument to be the voluntary act and deed of said Corporation. }hhhhhhhhhhhhhhhhhhhhhhhh } s D. KRELL i AE ~ NOTARY PUBLIC S^EAI. s SOUTH DAKOTA s - --- -- - }hhhhhhhhhhhh~ahhhbhhhhhh } _~._-----_-_--- My Commission Expires November 30, 2012 Notary Public RECEIPTS DISBURSEMENTS DIRECTIONS FOR FIDUCIARY As an Executor, Administrator, Personal Representative, Guardian, Conservator, Trustee, Receiver or similar title, you are a fiduciary, entrusted with the care of someone else's property (trust). The following DO's and DON'Ts are basic rules which you should follow to properly and conveniently perform your trust duties: DO 1. Use a checking account for all money paid out. Your cancelled checks are the best record of how you have spent the trust money. 2. Keep an accurate record of all receipts and all disbursements. The form on the other side could help you. 3. Obtain written Court approval before you pay out any substantial monies or dispose of any property. 4. Consult with your attorney at all times. Help and advice are what you are paying for. 5. Invest and manage assets of the estate as a prudent investor would, exercising reasonable care, skill and caution. On larger estates, it is wise to consult a professional investor. DO NOT 1. Do not treat the property as your own, even if you are an heir or relative. It is not yours until the Court and the law says it is. Keep the property separate from yours. Not doing so could be a criminal offense. 2. Do not spend any major amounts without the Court's written approval. 3. Do not be afraid to ask your attorney for advice and guidance. It will help make the work easier for both of you. 4. Do not delay in reporting to the Court. Follow your attorney's directions on signing papers and filing them with the Court. IMPORTANT: You can only be relieved of your fiduciary responsibilities by the court. Please consult with your attorney or the Court about obtaining a release when your duties are concluded. REMEMBER: ASK FOR AND FOLLOW YOUR ATTORNEY'S ADVICE and DO NOT TREAT THE PROPERTY AS YOUR OWN civa sc~~ CNA ~C~~'ETl~ Cancellation Guidelines To assist in understanding the numerous and diverse rules fox bond cancellations, we have developed the following guidelines. There are many exceptions to the rules, so please contact your underwriting office with any specific questions. 1. First year premiums are usually considered fully earned. 2. Bonds that renew with a renewal bond or continuation certificate (in other words they're not continuous in nature) are cancellable upon the return of the original bond, renewal bond or continuation certificate. In the absence of the original renewal document, send written verification from the obligee (state, county, city, etc.) that the bond was not filed or used. 3. Many continuous bonds contain a cancellation clause which allows us to send notice of cancellation or nonrenewal to the obligee. Our notice must comply with the terms of the cancellation clause and conform to any applicable state laws. You can normally determine if there is a cancellation clause by reading the bond form. 4. Some continuous bonds do not contain a cancellation clause, so the only way we can cancel them is upon receipt of a letter of release from the obligee. The obligee's letter should state the principal's name, bond number, and the date our liability is considered terminated. 5. Probate Bonds usuall require a court order to terminate our liability. Send us a copy of the ma Order of Discharge t4 cancel this type of bond. 6. Public Official Bonds written to coincide with a term of office require a signed letter of release from an official of the jurisdiction. That official must have the proper authority to release the bond. 7. Many state laws have been enacted in recent years which restrict us from effecting cancellation or nonrenewal except under specified circumstances. Providing us with a reason for cancellation is helpful for determining if we are allowed by law to do so. Please contact your underwriting office if you would like to have any of these rules explained in more detail or if you have a question about how the above rules affect a specific bond. P.O. Box 507 7 Sioux Falls, SD 57117-5077 1-800-331-6053 Fax 1-605-335-0357 CNA is a registered service mark, trade name and domain name of CNA Financial Corporation. No paR of this material, including the CNA Surety logo, may be reproduced without written permission from CNA Surety Corporation.