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HomeMy WebLinkAboutA005 - Subdivision Bond - $58,400 '00 Des Moines, 'Aowa Bond No. 80028 SUB DIVISION BC1.0 Y_NrOW ALL MEN BY THESE PX'ESEINTS: That Schill Builders, Inc. OfAmes,Iowa (here-iiiaAfter callo-c" the ?rincipal) , as 2r_`iacipal' anC_., - - State Surety Company Gf Des Moines, ("Lere-inafter called z-.e Sur.:t­y) , as Surety, are held and firmly bound unto the City of Ames,Iowa as Obligee, in the penal sum of Fifty Eight Thousand Four Hundred & no/100--,,, 0 011ars:1 58,400.00------------ lawful money of the U-aited S-.'-_-tas zo zll-a 0-2, whi.clla sum well and truly to be made, we bind ourselves, our heirs, executors, successors, or assigns, jointly and several'ALY, Loy zhase prese'.-IZs. THE CO'l A. 1 4. A. 01TION OF THIS OBLIGATION IS SUCH 711-17AT: Whereas the above bounden Princi-,al is platting certain lots entitled Country Gables South,First Addition - Lots 1 thru 24 all lying within the City of Ames County of Story -31 State of Iowa. WHEREAS: the above bounded Principal has agreed with the Obligee to install the following improvements: Streets, $24,1000.00, Storm Sewers $11,000.00, Sanitary sewers $8, 400.00., street signs $160.00, Street Lights $3,000.00, Water Lines $9,600.00 and sidewalks ,240.00, all according to specs. in the City —of Ames all in accordance with the asre�zent between the Principal and the Obligee. NOW, if the Principal shall in all respects fulfi' ll his said obligation wiL1-.i-n Two (2) _year according to the terms of his agreac"ent and shall satisfy all claims and demands incurred for same and shall fully and save .laazmless Z-1-.a from all costs and damages which it may suffer by reason of failure to Co 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 oblig ation is to be void and of no effecz; fce otherwise to remain in full/anord effect. 11th IN WITNESS WHEREOF, we have hereunto set our hands and seal this day of July 19 72 . Schill Builders Inc. Principal Title State Surety Company By A.M.Wiese I Attorney in fact r F + This Power of Attorney limits the act of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent therein stated. POWER OF ATTORNEY STATE SURETY COMPANY Des Moines, Iowa KNOW ALL MEN BY THESE PRESENTS: That State Surety Company, a Corporation organized and existing under the laws of the State of Iowa, by E. A. Boerlin, Vice President and General Manager, in pursuance of authority granted by Section 6 of its By-laws to wit: Section 6: "The President, Vice President, Secretary or General Manager shall have authority to issue bonds, policies or undertakings in the name of the Company and the President or General Manager may appoint Attorneys in Fact or Agents who shall have authority to issue bonds, policies or undertakings in the name of the Company, subject to such rules and regulations as the President or General Manager may prescribe;" does hereby nominate,constitute and appoint A. M. WIESE of Des Moines, Iowa its true and lawful agent and Attorney in Fact, to make, execute, seal and deliver, for, and on its behalf as Surety, and as its act and deed: Any and all bonds or undertakings And the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Company, as fully and amply, to all intents and purposes,'as if such bond had been duly executed and acknowledged by one of the reg- ularly elected officers of the Company in their own proper person. This Power of Attorney or any certificate thereof may be signed and sealed by facsimile under and by the authority of the following Resolution adopted by the.Board of Directors of the State Surety Company at a meeting duly held on November 17, 1964, to wit: "RESOLVED that the signature of any authorized officer and the seal of the company may be affixed by facsimile bo 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 affixed." The Secretary of State Surety Company does hereby certify that the foregoing is a true copy of Section 6 of the By-laws of said Company and of Resolution, both duly adopted and recorded, and are now in force. IN WITNESS WHEREOF, the Vice President and General Manager and the Secretary have hereunto subscribed their names and affixed the corporate seal of the said State Surety Company this 1st day of April, 1965. TATE SURETY COMPANY Secretary sue.' Vice President and General Manager State of Iowa ss. County of Polk On April 1, 1965, before me, a notary public in and for said County, personally appeared E. A. Boerlin to me personally known who being by me duly sworn, did say that he is Vice President and General Manager of State Surety Company, of Des Moines, Iowa, created, organized and existing under and by virtue of the laws of the State of Iowa; that the attached instrument was signed and sealed on behalf of State Surety Company by authority of its Board of Directors and the said E. A. Boerlin acknowledged the execution of said instrument to be the voluntary act and deed of State Surety Company by it voluntarily executed. IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my official seal at Des Moines, Iowa, the day and year last above written. `,,,,, C7'� e My commission expires July 4, 1966. ,;ow;`, Notary Public in and for Polk County�t �� CERTIFICATE The undersigned, Secretary of State Surety Company, does hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney executed by said State Surety Company, which is still in force and effect. In Testimony Whereof, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this 11 th day of���• , 19--. 2588 F (Rev.) 4-71 p Secretary O�/NE.