HomeMy WebLinkAboutA005 - Subdivision Bond dated May 24, 1977 a
State Surety Company
Des Moines, Iowa
Bond No. 205702
SUBDIVISION BOND -
KNOW ALL MEN BY THESE PRESENTS: That—F. Schill and Sons , Inc
of Ames, Iowa (hereinafter called the Principal), as Principal, and
STATE SURETY COMPANY of Des Moines, Iowa, (hereinafter called the Surety), as
Surety, are held and firmly bound unto the City of Ames, Iowa
as Obligee, in the penal sum of Sixteen Thousand & no/100------
DOLLARS ($ 16 ,000. 00 ) lawful money of the
United States to the payment of which sum well and truly to be made, we bind our-
selves, our heirs, executors, administrators, successors, or assigns, jointly and
severally, by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH THAT: Whereas the above bounden Principal
is platting certain lots entitled Country Gables 3rd Subdivision
all lying within the City of Ames
County of Story State of Iowa.
WHEREAS: The above bounden Principal has agreed with the Obligee to install the
following improvements; Streets - $16 ,000 - in the Country gables 3rd
Subdivision - Lots 1 through 10
in the City of Ames , Iowa , all in accordance with the
agreement between the Principal and the Obligee.
NOW, if the Principal shall in all respects fulfill his said obligation within
two (2) vears according to the terms of his agreement 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.
24
IN WITNESS WHEREOF, we have hereunto set our hands and seal this day
- - — - of - - -May- - --- _. 19 _77_
F. Schill & Sons, Inc.
i
Princ 1
B
STATE S 0 j
M.J.Lo , ice resident
Auth ity A ached
CERTMCATE OF AUTHOR
I hereby certify that the following is a true and correct copy of Paragraph 1, Section 1, Article II of
the By-Laws of the State Surety Company duly adopted and recorded, .to-wit: "The Chairman of the
Board, the President, any Vice-President or any Assistant Vice-President, the Secretary or any Assist-
ant Secretary or the Treasurer shall have authority to issue bonds, policies or undertakings in the name
of the Company."
I further certify that M- .T Tong is Vice President
State,,Surety. Company. of
Assistant
IlN--TESTIMONY VMtREOF, I have hereunto subscribed my name as/Secretary and Yfixed the cor-
porate seal df-the Company in the City of Des Moines, 7Assistan
s 24 da f _19_ Z.7
2646 (Rev. 1/71) Secretary