HomeMy WebLinkAboutC-2314 - Oil Well Blanket Bond in Banning Oil FieldCONTINUATION CERTIFICATE
sAFEco
$Ai ECO INSURANCE COMPANY OF AME ICA
GENERAL INSURANCE COMPANY OF AMERICA
FIRST NATIONAL INSURANCE COMPANY
OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE, WASHINGTON 98185
SAFECO INSURANCE COMPANY OF AMERICA. Seattle. Washington, Surety upon
a certain Bond No.
4379692
dated effective OCTOBER 28, 1981
(MONTH - DAY - YEAR)
oil behalf of CITY OF NEWPORT
and in favor of THE COUNTY OF ORANGE
(OBLIGEE)
does hereby continue said bond in force for the luriher period
begjnning on OCTOBER 28, 1984
(MONTH - DAY-YEAR)
and ending on OCTOBER 28, 1985
(MONTH - DAY - YEAR)
Amount of bond TWENTY FIVE THOUSAND AND 00/1009------ - - - - -- Dollars,($ 25,000.00 —_7.
Description of Bond: OIL WELL BLANKET BOND
Premium: S
PROVIDED: That this continuation certificate does not create a new obligation and is executed upon the express condi-
tion and provision that the Surety's liability under said bond and this and all Continuation Certificates issued in connection
therewith shall not be cumulative and that said Surety's aggregate liability under said bond and this and all such Continua-
tion Certificates on account of all defaults committed during the period (regardless of the number of years) said bond has
been and shall be in force, shall not in any event exceed the amount of said bond as hereinbefore set forth.
Signed and dated on JULY 17, 1984
(MONTH-DAY - YEAR)
SAFECOO' INSURANCE COMPANY OF AMERICA
By -5C it /("/1i2LGGtiX/Y�/
/R..Sr. ANDERSON Attorney -in -Fact
5 -1225 R5 12/82
CJ�GORP0R,4 O
SEAL
sf
19 53 ox
�F
OF WASHr�o�
PRINTED IN U:
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120 BOND N0, 4379692
8palun.
KNOW ALL MEN BY 111651 PRESENTS, That we
as Principal, and SAFECO INSURANCE COMPANY OF AMERICA
a corporation or!�rtnized and existing under and by virtue of the
laws of the State or WASHINGTON and authorized to transact surety
business in the State of California, as Surety, arc held and firmly hound unto the
CO(Nr.' OF ORAN;,E, C /d.IFORNIA, in the sum of 11iC "![\'- !'iVl! THOUSAND AND NO/100 DOLLARS
($25,0011,00), lawful money of the United States of America, to be paid to the said
County of Orange, for which payment, well and truly to he made, we bind ourselves,
our heirs, exe_utors and successors, iointly and severally, firmly by these presents.
'I11E CONDITION of this obligation is such that Whereas, the said Principal is apply- 1
ing o:' has
applied for a
permit pursuait to the provisions
of Title 7, Division 81
Artic',e 1,
of
the Codified
OrLinances
of the Count pp 0
c ",drilling, or
t�'SL£S,
CITY OF NP:Wi?Ok
RI•TDv
,Il
redri'lling
of
an Oil Well
designated
asygVOUGH #16
and for the,
production
of
oil or gas
therefrom at
property described as
follows: V
LOCATED
IN
BANNING OIL
FIELD, JUST
NORTH OF PACIFIC COAST
HIGHWAY AID—
—
COUNTY OR roe Pr_c
EASTERLY
OF
THE ULD
SANTA rANA RIVER IPi TPF
AND WHEREAS, as a condition precedent to the issuance of said permit, the Principal
is required to furnish a bond in the amount of FIVE TIIOUSA14D DOLLARS (;S,000.00),
or Principal may in lieu of filing suca bond for each well drilled, redrilled, pro -
duced or maintained, file a bind in tho amount of TWENTY -FIVE T11OUSAND LOLL ARS
($25,000,00) to cover all such operations conducted by him within the County of
Orangt, AND 0`11ERFAS, said Principal has, and does hereby elect to exercise the option
of firing this bond to cover all of k3 such operations within the County of Orange.
Now, '.1ii :11i1'UW;, if the said Principal ;hall faithfully comply with all of the pro -
visiois of said Ordinances, and any and all amendments thereto, in the drilling,,
redri:ling and maintaining nil production operations and facilities until all of
his lolls are properly abandoned in conformity with the provisions of said Ordinances
and stall i.ndennify the County of Orange against all costs, charges and expenses
incurred by sa0 County by reason of tae failure of said Princip:' 1 (s F�i01 omply
with t.hc provisions of said Ordinances, then this obligation hall be id, oth�r-
w•ise to remain in full force and effect.
-1-
GENERAL AGREEMENT
' OF INDEMNITY
SAFECO
SAFECO INSURANCE COMPANY OF AMERICA
GENERAL INSURANCE COMPANY OF AMERICA
FIRST NATIONAL INSURANCE COMPANY
OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE, WASHINGTON 98185
AGREEMENTS
Each of us who sign this form have read and understand the statements made in it. We each believe them to be true and ask that you rely on
them as true. You are authorized to confirm bank balances or any other statement in the form. Each of us has signed this form because we
want you to issue one or more bonds for CITY OF NEWPORT BEACH
called Applicant, whenever you are asked to do so by Applicant. If you issue any bond for Applicant, each of us agrees:
1. To pay you, when you ask for it
(a) The amount of any loss or expense, including your lawyer's fees, which you pay or become liable to pay because of issuing the bond.
(b) The price for the bond or any renewal of it until you receive evidence which is satisfactory to you that you have no more responsibility on
the bond.
(c) Your lawyer's fees, if we do not pay you any amount due when you ask for it and you hire a lawyer to make any of us pay.
2. You have the right to determine how any claims or suit will be handled or paid.
3. Your itemized statement of the amount of loss and expense shall be evidence of the amount we must pay you.
4. To provide you with collateral, should you request it, as security against loss if a claim arises.
5. You will not be held liable for any damages the Applicant or any of us sustain as a result of you being released from suretyship by law.
6. You may at any time examine or exercise joint control or custody of any assets held in trust in connection with any such bond.
7. If any bond you issue is renewed, is replaced by another bond issued by you, is continued for an additional time period by certificate, or is
endorsed in any manner, each of us will be responsible to you as we were on the original bond.
8. All terms in this agreementwill apply to anybond you issue for Applicant until we notify you in writing thatwedo notwantyou to issue any
more bonds for Applicant.
9. "You" and "Your" refers to the company issuing any bond for Applicant because of this agreement.
Signed and Dated the 28th day of October , 79 81
If Applicant is an INDIVIDUAL, sign here:
If Applicant is a PARTNERSHIP, all partners sign here:
(Individually and as Partner) (Individually and as Partner)
(Individually and as Partner) (Individually and as Partner)
If Applicant is a CORPORATION, sign here:
/1 Na of Corporation)
Attest' jl'''� Lifr41Z�.14 8 '
City Clerk City Manager
ADDITIONAL INDEMNITY
Inconsideration of SAFECO issuing the bonds) applied for by the applicant the undersigned, now referred to as indemnitor, acknowledges that
the above application has been read and the indemnitor is aware of the contents of the application. The indemnitor agrees to be bound by the
application to the same extent as the applicant. This obligation imposes individual liability on the indemnitor as well as joint liability with the
applicant. The indemnitor has sufficient interest in the performance of this obligation to execute this agreement and is fully empowered to
exercise this agreement.
ADDITIONAL INDEMNITORS, sign here: (May include spouses of above signed applicants, owners of closely held corporation and /or third
parties.)
(Indemnitor) (indemnitor)
(Indemnitor) (Indemnitor)
gde77 1/R1 r 1. —r, w ue ,
POWER OF
ATTORNEY
SAFECO
KNOW ALL BY THESE PRESENTS:
CSAFECO INSURANCE COMPANY OF AMERICA
GENERAL INSURANCE COMPANY OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE. WASHINGTON 98185
No.
6218
That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each
a Washington corporation, does each hereby appoint
----------------------- - - ---- PATRICIA L. JOHNSON---- ---- -------- ------------ - - - - --
its true and lawful attorney(s) -in -fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings
and other documents of a similar character issued in the course of its business, and to bind the respective company thereby.
IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY
OF AMERICA have, each executed and attested these presents
10th November 80
day of , 19 —.
CERTIFICATE
Extract from the By -Laws of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA:
"Article V, Section 13. — FIDELITY AND SURETY BONDS ... the President, any Vice President, the Secretary, and any
Assistant Vice President appointed for that purpose by the officer in charge of surety operations, shall each have authority
to appoint individuals as attorneys -in -fact or under other appropriate titles with authority to execute on behalf of the
company fidelity and surety bonds and other documents of similar character issued by the company in the course of its
business ... On any instrument making or evidencing such appointment, the signatures may be affixed by facsimile. On any
instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be
impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the
validity of any such instrument or undertaking."
Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970.
"On any certificate executed by the Secretary or an assistant secretary of the Company setting out,
(i) The provisions of Article V, Section 13 of the By -Laws, and
(ii) A copy of the power -of- attorney appointment, executed pursuant thereto, and
(iii) Certifying that said power -of- attorney appointment is in full force and effect,
the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof."
I, W.D. Hammersla, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE
COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By -Laws and of a Resolution of the Board of
Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and correct, and that both the
By -Laws, the Resolution and the Power of Attorney are still in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation
this 28th day of OCTOBER 19 81
S -976 RB 3/81 FRINTFU IN U.S A.
0 NO. 4379692
IN
WITNESS IVIIEH1:0F,
said Principal and
said Surety
have caused
these presents to
he
duly signed and
scaled this 28th
day of
OCTOBER,
1981
(Enter name of Principal here)
CITY 0 IE4IPOP.T REACH
(Signature)
SAFECO INSU me ofCOFJRV? :14!'R.)fERICA
c (�
Patric a L. Jo��hh��nns� t .
ATTORNEY —IN —FACT hater
1 ACKNOWLEDGMENT BY SURETY
CALIFORNIA
STATE OF )
ORANGE �ss
County of
28th OCTOBER 1981 before me personally
On this 4ay of ,
appeared
known to me to be the Attorney -in -Fact of
SAFECO INSURANCE COMPANY OF AMERICA, GENERAL INSURANCE COMPANY OF AMERICA, FIRST NATIONAL
INSURANCE COMPANY OF AMERICA or SAFECO NATIONAL INSURANCE COMPANY, the corporation that executed the
within instrument, and acknowledged to me that such corporation executed the same.
` IN WITNESS WHEREOF, I have hereunto set my hand affixed my,6fficial seal, at my office in the aforesaid County,
the day and year in this certificate first above writt
°�� OFFICIAL SEAL_______ -;
c ;
r F,. CATBERikE L. ANDERSON
^ I4 Nmary Public Calibrnia Notary Pub n t State of CALIR�?iI H} RIME L. ANDERSON
ORANGE COUNTY County o TdGF.
2anA Co�mmaission Ezpues January 14,1983 PRINTED IN U.S.A.
II
(N;trnc) (AJ ress)
-2-
a
November 18, 1981
i
CAL- SURANCE
3475 TORRANCE BOULEVARD (f\ /lAILING ADDRESS RO. BOX 3459)
TORRANCE, CALIFORNIA 90510 [293) 542 -7301
Mr. Bob Bernham
City Attorney
City of Newport Beach
3300 Newport Boulevard
Newport Beach, California 92667
RE: Oil Well Blanket Bond
Safeco Policy #4379692
Dear Bob:
We have received the captioned Oil Well Blanket Bond from Safeco
Insurance Company. The bond is written in the amount of $25,000
for the period 10 -28 -81 to 10- 28 -82. Annual premium for this bond
is $360 and is reflected on our enclosed invoice.
Before delivering the bond to the City, the carrier requires the
enclosed Indemnity Agreement signed by an authorized representa-
tive of the City and have the City Clerk sign where indicated.
As soon as this is done, please call me and I will come and pick
up the agreement and deliver the bond at the same time.
If you have any questions, please do not hesitate to contact me.
Best regards,
X11_ /I ,X��-r/ �S)
M. D. Bogen, C,P.C.U., A.R.M.
Vice President
MDB:jg
Enclosures
cc: Bill Brown
Joe Devilin
A CHARTERED FINANCIAL SERVICES COMPANY
GENERAL AGREEMENT SAFECO INSURANCE COMPANY OF AMERICA
OF INDEMNITY GENERAL
SAFECO OF AMERICA
HOME OFFICE: SAFECO PLAZA
SEATTLE, WASHINGTON 981E
AGREEMENTS
Each of us who sign this form have read and understand the statements made in it. We each believe them to be true and ask that you rely on
them as true. You are authorized to confirm bank balances or any other statement in the form. Each of us has signed this form because we
want you to issue one or more bonds for
CITY OF NEWPORT BEACH
called Applicant, whenever you are asked to do so by Applicant. If you issue any bond for Applicant, each of us agrees:
1. To pay you, when you ask for it
(a) The amount of any loss or expense, including your lawyer's fees, which you pay or become liable to pay because of issuing the bond.
(b) The price for the bond or any renewal of it until you receive evidence which is satisfactory to you that you have no more responsibility on
the bond.
(c) Your lawyer's fees, if we do not pay you any amount due when you ask for it and you hire a lawyer to make any of us pay.
2. You have the right to determine how any claims or suit will be handled or paid,
3. Your itemized statement of the amount of loss and expense shall be evidence of the amount we must pay you.
4. To provide you with collateral, should you request it, as security against loss it a claim arises.
5. You will not be held liable for any damages the Applicant or any of us sustain as a result of you being released from suretyship by law.
6. You may at any time examine or exercise joint control or custody of any assets held in trust in connection with any such bond.
7. If any bond you issue is renewed, is replaced by another bond issued by you, is continued for an additional time period by certificate, or is
endorsed in any manner, each of us will be responsible to you as we were on the original bond.
S. All terms in this agreement will applyto anybondyou issue for Applicant until we notifyyou in writing that wedo not wantyou toissueany
more bonds for Applicant.
9. "You" and "Your" refers to the company issuing any bond for Applicant because of this agreement.
Signed and Dated the .._ 28th day of October _ 19 81
If Applicant is an INDIVIDUAL, sign here:
If Applicant is a PARTNERSHIP, all partners sign here:
(individually and as Partner) (Individually and as Partner)
(individually and as Partner) (Individually and as Partner)
If Applicant is a CORPORATION, sign here:
(Name of Corporation)
/
Attest: ✓ av: V,
Secretary
ADDITIONAL INDEMNITY
Inconsideration of SAFECO issuing the bond(s) applied for by the applicant the undersigned, now referred to as indemnitor, acknowledges that
the above application has been read and the indemnitor is aware of the contents of the application. The indemnitor agrees to be bound by the
application to the same extent as the applicant. This obligation imposes individual liability on the indemnitor as well as joint liability with the
applicant. The indemnitor has sufficient interest in the performance of this obligation to execute this agreement and is fully empowered to
exercise this agreement.
[ADDITIONAL INDEMNITORS, sign here: (May include spouses of above signed applicants, owners of closely held corporation and /or third ties.)
(Indemnitor) (Indemnitor)
(Indemnitor) (Indemnitor)
S-1677 4/81 PRINTED IN U.S.A.
6-'11
SAFECO
0
GENERAL AGREEMENT
OF INDEMNITY
SAFECO INSURANCE COMPANY OF AMERil^
GENERAL INSURANCE COMPANY OF AMER1C?
FIRST NATIONAL INSURANCE COMPANY
OF AMERICA
HOME OFFICE. SAFECO PLAZA
SEATTLE, WASHINGTON 98185
I
AGREEMENTS
ch of us who sign this form have read and understand the state me ms made in it. We each believe them lobe true and ask that you rely on
hem as true. You are authorized to confirm bank balances or any other statement in the form. Each of us has signed this form because we
want you to issue one or more bonds for
CITY OF NEWPORT BEACH _
called Applicant. whenever you are asked to do so by Applicant. If you issue any bond for Applicant, each of us agrees. i
1. To pay you, when you ask for it'.
(a) The amount of any loss or expense. including your lawyer's fees, which you pay or become liable to pay because of issuing the t:ond
(b) The price for the bond or any renewal of it until you receive evidence which is satisfactory to you that you have no more responsibility on
the bond.
(c) Your lawyer's fees, if we do not pay you any amount due when you ask for it and you hire a lawyer to make any of us pay
2. You have the right to determine how any claims or suit will be handled or paid. i
3. Your itemized statement of the amount of loss and expense shall be evidence of the amount we must pay. you.
4. To provide you with collateral, should you request it, as security against loss if a claim arises.
5. You will not be held liable for any damages the Applicant or any of us sustain as a result of you being released from suretyship by law
& You may at any time examine or exercise joint control or custody of any assets held in trust in connection with any such bond .
7. If any bond you issue is renewed. is replaced by another bond issued by you, is continued for an additional time period by certificate. or is
endorsed In any manner, each of us will be responsible to you as we were on the original bond.
8. All terms in this agreement will apply to any bond you issue for Applicant until we notify you in writing that we do not want you to issue any
more bonds for Applicant.
9. "You" and 'Your' refers to the company issuing any bond for Applicant because of this agreement.
Signed and Dated the _28th day of October 19 81
If Applicant is an INDIVIDUAL, sign here:
If Applicant is a PARTNERSHIP. all partners sign here:
(Individually and as Partner) (Individually and as Partner)
(Individually and as Partner) (Individually and as Partner)
If Applicant is a CORPORATION, sign here: 'R
•• 1/ (Name of Corporation)
Attest: Y ✓w *M�
5C L V- Fw —F f -FL.
CL�K,
ADDITIONAL INDEMNITY
In consideration of SAFECO issuing the bond(s) applied for by the applicant the undersigned. now referred to as indemnnor, acknowledges that
the above application has been read and The mdenlhllor is aware of the contents of the application. The indemmtor agrees 10 be bound by the
application to The same extent as the applicant. This obligation imposes individual liability on The indemnnor as well as joint liability with the
applicant. The mdemnaw has sufficient interest in The performance of this obhgaoon to execute this agreement and is fully empowered to
exercise this agreement.
ADDITIONAL INDEMNITORS, sign here'. (May in0lude spouses of above signed applicants. owners of closely held corporation and, or thud
pares )
(Indemniwt) (Indemmion
(Indemmlor) (Indemnnor)
• POWER OF SAFECO INSURANCE COMPANY OF AMERICA
® ATTORNEY GENERAL INSURANCE COMPANY OF AMERIC,-
HOME OFFICE: SAFECO PLAZA
SAFECD SEATTLE, WASHINGTON 98185
No. 6218
KNOW ALL BY THESE PRESENTS:
That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each
a Washington corporation, does each hereby appoint
L. JOHNSON------ - - - - --
its true and lawful attor ney(s) -in -fact, with full authority to execute on its behalf fidelity and surety bonds or undertakings
and other documents of a similar character issued in the course of its business, and to bind the respective company thereby.
IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY
OF AMERICA have each executed and attested these presents
10th
this day of
CERTIFICATE
November
Extract from the By -Laws of SAFECO INSURANCE COMPANY OF AMERICA
80
19—_.
and of GENERAL INSURANCE COMPANY OF AMERICA:
"Article V, Section 13. — FIDELITY AND SURETY BONDS ... the President, any Vice President, the Secretary, and any
Assistant Vice President appointed for that purpose by the officer in charge of surety operations, shall each have authority
to appoint individuals as attorneys -in -fact or under other appropriate titles with authority to execute on behalf of the
company fidelity and surety bonds and other documents of similar character issued by the company in the course of its
business ... On any instrument making or evidencing such appointment, the signatures may be affixed by facsimilg. On any
instrument conferring such authority or on any bond or undertaking of the company, the seal, or a facsimile thereof, may be
impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the
validity of any such instrument or undertaking."
Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA
and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970.
"On any certificate executed by the Secretary or an assistant secretary of the Company setting out,
(i) The provisions of Article V, Section 13 of the By -Laws, and
(ii) A copy of the power -of- attorney appointment, executed pursuant thereto, and
(iii) Certifying that said power -of- attorney appointment is in full force and effect, _.
the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof."
I, W.D. Hammersla, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE
COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By -Laws and of a Resolution of the Board of
Directors of these corporations, and of a Power of Attorney issued pursuant thereto, are true and correct, and that both the
�By-Laws, the Resolution and the Power of Attorney are still in full force and effect.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation
this 29ti1 day of OCTOBER 19 81
S 974 '16 3'61
`� .. NO. 4379692
IN wITNESS WWAZEOF, said Principal and said Surety have caused these presents to
be duly signed and sealed this 28th day of -OCTOBER, 1981
• (tinter name of Principal here)
CITY OF NFI)PORT REACH
!:y : ✓
(Signature)
(linter name of S CV 7h�rr�a��RZ( -A
SArFCO INSU CO ?.1 :v
Patricia L. Jo ski '
ATTORNF•.Y -IN -FA
tn:.tur
TIE SIGti'ATURI:S OF (30'111 TM: SURETY it \J 7W PRINCIPAL MUST BE ACKNOWLEDGED BY A NOTARY
PUBLIC.
Note: If the Principal named in the bond is a corporation the officers must be
listed below.
(.Name) (Address)
If the Principal named in the bond is a partuicrshi!.the persons constituting"
such partncrshkp must be Li-Stud below.
„
(Nalnc) (Address)
-2-
y
0
0
ACKNOWLEDGMENT BY SURETY
STATE OF CALIFORNIA
County of
ORANGE ss
28th OCTOBER 1991
n this ay •of
appeared J
before me personal Py
rCITZ' JMT`7S0'
known to me to be the Attorney-in-Fact of
SAFECO INSURANCE COMPANY OF AMERICA, GENERAL INSURANCE COMPANY OF AMERICA, FIRST NATIONAL
INSURANCE COMPANY OF AMERICA or SAFECO NATIONAL INSURANCE COMPANY, the corporation that executed the
within instrument, and acknowledged to me that such corporation executed the same.
a
IN WITNESS WHEREOF, I have hereunto set my nand affixed my ;fhual seal, at my office in the aforesaid County,
the day and year in this certificate first above watt e
,r-------------------- Of FIC1AL SEAL_________; l/ O
.,,.v,r t CATN4R':?iE L ANDi ESON [�
NotaryPuBwc C!!Iornia Notary Pub in t State of CALI fit. It URINE L. XNDERSON
use ORANGE COUNTY County NCE
r Mrrtbwr, Erpues January 14,1983,
e'er . _
� IJIL 1JliLL 1SLAV}ai'1• ISO.`!D
f
NO. ROND NO. 4379692
�at•+.r,r•r. caAn nn
KNOW AI.L MN BY 111L:';L P1"L'SINTS, That we
• ----CITY -QF xrriPn RT RFA('H
as Principal, and SAFECO INSURANCE CO }iPANY OF MERICA
a corporation or.'anized and cxisting under and b
laws of the Statc or WASHINGTON y virtue re file
_ and authorized to transact surety
business in the State of California, As SI1rCtV, asc hcl(1 and finely hound unto the
COf1VT' UP URW ^,G, C /,LIIOIiNiA, in the sun' of 1111: "TIT -PIVI' THOUSAND ,1.ND NO /100 DOLLARS
($25,uUO.UU), lawful money of the Slnited ;;tates of America, to be paid to the said
County of Oran;e, for which pa•vment, well :"'d truly to he made, we bind ourselves,
our livirs, exc -utors and successors, Jointly and severally, firmly by these presents
TIIE CONDITION of this obligation is such that 'creas, tltc said Principal is apply-
ing o:' has applied for a permit pursuait to the provisions of Title 7, Division 8
Artic'•c 1, of the Codified Uriinanccs of t}te , (('our
CITY OP Ni?Sai�O1gT IITd ,c,,,fnr h%ldriiling, or
rcdri2ling of an Oil Hell designated ;is } OUGIi fi16
production of oil or property ) and for the,
bas therefrom on rotcrt� described as follows;
• LOCATED IN BANNING OIL FIELD, JUST NORTH OF PACIFIC COAST HIGM4AY AND
-QR OR Y DF N
AND IMERE -AS, as a condition precedent to the issu;mcc of said permit, the Principal. is re<.uired to furnish a bund in the ;enount of FIVE THOUSM4D MLLAT6 (4"S,000.00)
or Pr.'ncipal may in lieu of filing , suca bond for each well drilled, redrilled, pro-
t!': or maintnincd file a bend in t!r: amount of 7M.NTY -FIVE TIIOL'SAND DOLLARS
($_'';,(00.00) to cover all Such operati,)ns conducted by him within the County of
Orange•, AND iiill :IZEAS, said Principal ha,, and does hereby elect to exercise the option
Of firing this bond to cover all of hi; such Operations within the County of Orange.
NOIJ, '.116it1iPUIJ: if the said Principal ;hall faithfully' comply with all of the pro-'
vis:or s of said Ordinances, •and any an•.t all vncndn'cnts thereto, in the drilling,,
red:7:ling ;u'd maintaining all production operat.iun:: and facilities until all of
•his wills a.re properly nban.ionod in cu•tforn'it,)' with tl'e provisions of said Ordinances
and st all indennif)' the Cuunty of !)ran lc against all co -1:5. charges and expenses
incurred t,y sa'.d County by cccson of tic fai Iurc of said Princip:' /'L omply
with ,.he provisions of said Ordin :utces, tiler, t!:is ohligation�ha`11 b iJ; oth wise r-
to remain in full fore^ and effe( :.,
-1-
DEC 14 1981
By the CITY COUNCIL
CITY OF NEWPORT BEACH CITY OF NWORT MACH
December 14, 1981
AGENDA ITEM
F -2(b)
TO: MAYOR & CITY COUNCIL
FROM: City Manager
SUBJECT: OIL WELL BLANKET BON
Title 7, Division 8, Article 1 of the Codified Ordinances of
the County of Orange required the City to furnish a bond in the amount
of $25,000 to cover oil wells drilled, redrilled, produced or maintained,
in the Banning Oil Field as a condition precendent to the issuance of a
permit to conduct such operations within Orange County.
The Premium for this bond is $360.00 for the period of one
year.
The Staff recommends that the City Manager be authorized to
execute the Indemnity Agreement included herewith as attachment #1 and
to renew this bond in subsequent years conditional to premiums remaining
within funds budgeted for this purpose.
ROBERT L. WYNN
0 •
RESOLUTION NO. 1-10 9.3
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE AN OIL WELL BLANKET BOND IN
CONNECTION WITH OIL WELL DRILLING IN CITY OF
NEWPORT BEACH WELLS #1 THROUGH #16 LOCATED IN
THE BANNING OIL FIELD
WHEREAS, the City of Newport Beach (Principal) has
applied for a Permit from the County of Orange, pursuant to the
provisions of Title 7, Division 8, Article 1 of the Codified
Ordinances of the County of Orange, for the drilling or
redrilling of oil wells designated as City of Newport Beach Wells
#1 through Well #16 for the production of oil or gas therefrom on
property located in Banning oil field, just north of Pacific
Coast Highway and easterly of the old alignment of the Santa Ana
River in the County of Orange; and
WHEREAS, as a condition precedent to the issuance of
said Permit, Principal, the City of Newport Beach, is required to
furnish a Bond in the amount of $5,000.00 for each oil well OR,
in lieu of filing such bond for each well drilled, file a bond in
the amount of $25,000.00 to cover ALL operations conducted by
Principal within the County of Orange; and
WHEREAS, Principal has and does elect to exercise the
option of filing the "blanket bond" to cover ALL of its oil well
drilling operations; and
WHEREAS, Safeco Insurance Company of America is
authorized to transact surety business in the State of
California, and as such holds the Bond for the sum of $25,000.00
as surety for the County of Orange on behalf of the City of
Newport Beach; and
WHEREAS, the premium for this Bond is $360.00 for the
period of one year; and
WHEREAS, City staff has recommended that the City
Manager of the City of Newport Beach be authorized to execute the
Indemnity Agreement, a copy of which is attached hereto, marked
Exhibit "A" and incorporated herein by reference;
C
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the City Council of the City of
Newport Beach does hereby authorize the Mayor and City Clerk to
execute said Indemnity Agreement for the Bond with Safeco
Insurance Company of America on behalf of the City of Newport
Beach and to pay the premium for this bond in the amount of
$360.00; and
BE IT FURTHER RESOLVED th
hereby is authorized to execute the
renew this Bond in subsequent years
remaining within funds budgeted for
ADOPTED this day of _
ATTEST:
City Clerk
12/14/81
PR
at the City Manager be and
Indemnity Agreement and to
conditional to premiums
this purpose.
DEC 14 1981.
Mayor
2
c