HomeMy WebLinkAboutA010 - Subdivision Bond dated August 19, 1986 e0N0%p
:A, .titer[ o
Mom+
2100 GRAND AVENUE DES MOINES, IOWA 50312
SUBDIVISION BOND #IAC 3040
Know all men by these presents:
THAT we, Frank Schill & 'Sons , Inc. � - Ames, Iowa
as Principal,. and MERCHANTS BONDING COMPANY (MUTUAL) of Des Moines, Iowa (hereinafter called
the Surety) are held and firmly bound unto the City of Ames , Iowa,
Nine & NO/100ths-----
as Obligee, in the penal sum:'of Ten Thousand Three Hundred Forty- dollars ($ 10.349.00 ),
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 7th Addition to Country Gables
being an official plat 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 s
improvements: Street 1 i gh.ts $3,200.00
Street sighs $ 200.00
Finish lift. of asphalt $6,949.00
street .
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 andexpenses 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 19th
day of . Auq.ust 19 86
Frank Schill & Sons., Inc..
•, '. Zrincipal
MERCH N COMPANY(MUTUAL)
By
J. Lon , ice Prodent
CERTIFICATION
I, the undersigned officer of the MERCHANTS BONDING COMPANY (MUTUAL), hereby certify that the
following.is a full and true copy of Section. 6 and.Section 6b of Article II of the By-Laws of said Company:
Section 6: —'The Chairman of the Board or President,or any Vice President or
Secretary or Treasurer or any Assistant Vice President or any Assistant Secretary
shall have power and authority to execute on behalf of the Company and attach the
Seal of the Company thereto, bonds and undertakings, recognizances, contracts of
indemnity and.other writings obligatory in the nature thereof.
6b:—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.
I, further certify that the following are duly elected officers of the Company. W. W. Warner, Chairman of the
.Board; William W. Warner, President;:Rodney Bliss III, Executive Vice President; C.W. Story, Vice President;
M.M:"Thompson, Vice President; M.J. Long, Vice President;.Douglas Neumann, Assistant Vice President;
Robert Cave, Assistant Vice President; W.G. Brundage, Secretary-Treasurer; Gene Davis, Assistant Secretary;
John Bednarz, Assistant Vice President; Gary L. Timmons, Assistant Vice President.
IN TESTIMONY WHEREOF, I have hereunto set my ha Rs President and affix the Corporate eal of the
MERCHANTS BONDING COMPANY (MUTUAL), this yy day 4ugust 19 $
President
State of Iowa )
) ss
County of Polk)
On this _13th— day of: Aucliat , 19 85 ,.before me appeared William W. Warner, 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 affixed my Official Seal at the City of Des Moines,
Iowa, the day and year first above written.
Notary Public, Polk County,,Iowa
My Commission Expires 8_4_89
NOTARY SEAL