HomeMy WebLinkAboutA007 - Subdivision Bond dated July 26, 1977 4 • �
State Surety Company
Des Moines, Iowa
Bond No. 207279
SUBDIVISION BOND
KNOW ALL MEN BY. THESE PRESENTS: That F• Schill & Sons, Inc.
Ames, Iowa
of (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 Ninety One Thousand Three Hundred & no/100---
_ DOLLARS- ($ 91, 300. 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 4th Add14on
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;- St"r-eets—$39 ;00-0;- San-itary--Sewer $6;3-00-- &--Water- - --
$12 , 000 & Storm Sewer $34, 000 in Country Gables 4th Addition
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
years- 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.
- IN-WITNESS--WHEREOF, ---we--have--hereunto-set--our-hands- and-seal this 2'6- day
of July 19 77 .
F. Schill & Sons , Inc.
Principa
- BY
- STATE S OMr
By G
M. J. I L ice esident
Author i y Attac d
J
.t
6.
CERTMCATE OF AUTHORITY
4,
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.*he'Company."
I further certify-that M_ J_ Tong is Vice President of
State Surky Company.
Assistant
IN TESTIMONY WHEREOF, I have hereunto subscribed my name as/Secretary and affixed the cor-
porate seal-of. the Company in the City of Des Moines, on this 2 6 day of JUIV 19 77
2645 (Rev. 1/71) As s i s to n t Secretary