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Home My WebLink AboutA017 - Bond for Sidewalks t SUBDIVISION BOND BOND NO. IAC 23861 KNOW ALL MEN BY THESE PRESENTS: That we, Knapp Properties as Principal, and Merchants Bonding Company (Mutual) as Surety, are held firmly bound unto The City of Ames. IA as Obligee, in the just and full sum of Forty-Nine Thousand Seven Hundred and no/100 DOLLARS ($ 49,700.00 ), lawful money of the United States to the payment of which sum well and truly to be made, the Principal herein firmly binds himself (themselves), their heirs, executors, and administrators, and the said Surety binds itself, its successors, assigns, executors and administrators,jointly and severally, firmly by these presents. NOW THE-CONDITION OF THIS OBLIGATION IS SUCH, THAT, WHEREAS, the above bounden Principal is platting certain lots entitled Bloomington Heights Plat 6 being an official plat lying within the City of Ames, IA WHEREAS, the above bounden Principal has agreed with the Obligee to install the following improvements: Sidewalks ALL such improvements to be completed in accordance with an agreement between the Principal and the Obligee. NOW, if the Principal shall in all respects fulfill his said obligation according to the terms thereof, and shall satisfy all claims and demands incurred for same, and shall fully indemnify and save harmless the Obligee from all costs and damages which it may suffer by reason of failure to do so and shall fully reimburse and repay the Obligee all outlays and expenses which it may incur in making good any such default, then this obligation is to be'void and of no effect;otherwise to remain in full force and effect. IN WITNESS WHEREOF, we have hereunto set our hands and seals this 8thday of September , 1997. Knapp Properties Principal Mercha is Bonding Co an utual � et BY: William R. Phillips,Attor ey-in-Fact Merchants Bonding Company (MUTUAL) POWER OF ATTORNEY Know All Men By These Presents,that the MERCHANTS BONDING COMPANY(MUTUAL),a corporation duly organized under the laws of the State of Iowa,and having its principal office in the City of Des Moines,County of Polk,State of Iowa,hath made,constituted and appointed,and does by these presents make,constitute and appoint Brenda Vincent, Sarah Lorenzen, William R. Phillips, Dean M. Clark, Lynn Beddow of Des Moines and State of IOwa its true and lawful Attorney-in-Fact,with full power and authority hereby conferred in its name,place and stead,to sign,execute,acknowledge and deliver in its behalf as surety any and all bonds,undertakings,recognizances or other written obligations in the nature thereof,subject to the limitation that any such instrument shall not exceed the amount of: TWO MILLION FIVE HUNDRED THOUSAND ($2,500;000.00) Dollars and to bind the MERCHANTS BONDING COMPANY(MUTUAL)thereby as fully and to the same extent as if such bond or undertaking was signed by the duly authorized officers of the MERCHANTS BONDING COMPANY(MUTUAL),and all such acts of said Attomey-in-Fact, given, hereby ratified and confirmed. pursuant to the authority herein g ,are e y This Power-of-Attomey is made and executed pursuant to and by authority of the following Amended Substituted and Restated By-Laws adopted by the Board of Directors of the MERCHANTS BONDING COMPANY(MUTUAL)on October 3,1992. ARTICLE It,SECTION S.—The Chairman of the Board or President or any Vice President or Secretary shall have power and author- ity to appoint Attomeys-in-Fad,and to authorize them to execute on behalf of the Company,and attach the Seat of the Company thereto,bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof. ARTICLE 11,SECTION 9.—The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond,undertaking,recognizance,or other suretyship obligations of the Company,and such signature and seal when so used shall have the same force and effect as though manually fixed. In Witness Whereof, MERCHANTS BONDING COMPANY(Mutual)has caused these presents to be signed by its President and its corporate seal to be hereto affixed,this 21st day of February 1997 - •O\gip CO�� MERCHANTS BONDING COMPANY(MUTUAL) .r—._ -o- o, At�• 1933 .�c: By .y •C�r. Jl�••...••�1 . a..s;aen, STATE OF IOWA •'•.• •.•'• COUNTY OF POLK ss. On this 21st day of February 119 97 before me appeared Larry Taylor,to me personally known,who being by me duly sworn did say that he is President of the MERCHANTS BONDING COMPANY(MUTUAL),the corporation described in the foregoing instrument, and that the Seal affixed to the said instrument is the Corporate Seal of the said Corporation and that the said instrument was signed and sealed in behalf of said Corporation by authority of its Board of Directors. In Testimony Whereof,I have hereunto set my hand and affixed my Official Seal at the City of Des Moines,Iowa,the day and year first above written. Me 0 '4 4/A ead'�� j <'V •. Q Z • Notary Public,Polk County,Iowa IOWA My Commission • o •• P Expires 2-19-98 STATE OF IOWA % •9 q I A�- .• COUNTY OFPOLK ss. •••....••'• 1,William Warner,Jr.,Secretary of the MERCHANTS BONDING COMPANY(MUTUAL),do hereby certify that the above and foregoing is a true and correct copy of the POWER-OF-ATTORNEY,executed by said MERCHANTS BONDING COMPANY(MUTUAL),which is still in force and effect. In�{mess Whereof,I ve hereunto set my hand and affixed the Seal of the Company on this 5th day of September 19, 9� •••••••.• S buy • :V �/�•..t: .co:i This Power-of-Attomey expires 12-31-97 MSC 0614 ;y 1933 c: . J Q.