HomeMy WebLinkAboutA006 - Subdivision Bond No. 393730 - $35,000 • •
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1933 240 GRAND AVENUE • DES MOINES, IOWA 50312
SUBDIVISION BOND No. IA 393730
Know all men by these presents:
THAT we, Iowa State University Research Foundation, Inc. , Ames , Iowa
as Principal, and MERCHANTS MUTUAL BONDING COMPANY of Des Moines, Iowa (hereinafter called
the Surety) are held and firmly bound unto the City of Ames, , Iowa,
as Obligee, in the penal sum of Thirty-Five Thousand & No/100ths dollars ($35,000.00 - -),
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 Gateway I subdivision
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
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 7th
day of January , 19 80
Iowa State University Researc, Foundation,Inc.
i cipal ,"
MERC ANTS MUTI�dkL BO DING COMPANY
By /' �� I
William W. Warner, Vice President
. P •
CERTIFICATION
I, the undersigned officer of the MERCHANTS MUTUAL BONDING COMPANY,hereby certify that the
following is a full and true copy of Section 5 and Section 5b of Article II of the By-Laws of said Company:
Section 5: — The Chairman of the Board or President or any Vice President or
Secretary 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 writing
obligatory in the nature there of.
5b: —The signature of any authorized officer and 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, President and
Chairman of the Board; H.D. Stiles, Vice President; Rodney Bliss III,Vice President; William W. Warner,Vice
President; C.W. Story, Vice President; M.M. Thompson, Vice President; M.J. Long, Vice President; W.G.
Brundage, Secretary-Treasurer; Gene Davis, Assistant Secretary.
IN TESTIMONY WHEREOF, I have hereunto set my hand as President and affix the Corporate Seal of the
MERCHANTS MUTUAL BONDING COMPANY, this 7th day of January 1980
President
State of Iowa )
)ss
County of Polk )
On this 7th day of January 19 80 , before me appeared W.W. Warner, to me personally
known, who being by me duly sworn did say that he is President of the MERCHANTS MUTUAL BONDING
COMPANY, 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 9-30-80
NOTARY SEAL