HomeMy WebLinkAboutA012 - Subdivision Bond dated October 16, 1991 FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
y HOME OFFICE BALTIMORE, MD 21203
SUBDIVISION BOND
Know all men by these presents:
THAT we, Iowa State University Research Foundation, Inc. , Ames, Iowa
, as Principal, and FIDELITY and DEPOSIT COMPANY OF MARYLAND of Baltimore, MD
(hereinafter called the Surety) are held and firmly bound unto the City
of Ames Iowa, as Obligee, in the penal sum of
Eight Thousand & NO 100--- dollars ( $ 8,000.00 ) , 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 Hills Plat 3 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
16 day of October r 19 91
Iowa State University Research Foun-
dation, Inc.Pr�i�ncipal
_ vf Ca
FIDELITY and DEPOSI`?'. 'OMPANY
... = OF -i,1AR!i'ZAND -
By Emma Bi.eleneergj3 At`tor,-n-27 in fact
e
Y
Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
HOME OFFICE,BALTIMORE,MD
KNOW ALL MEN BY THESE PRESENTS:That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a corporation of the
State of Maryland, by C. M. PECOT, JR. , Vice-President, and C. W. ROBBINS ,
Assistant Secretary, in pursuance of authority granted by Article VI, Section 2, of the By-Laws of said Company, which are set
forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof, does hereby nominate,
constitute and appoint John Langeland and Emma J. Biel berg, bo of Ames, Iowa, EACH.
0
t true an lawful agent and Attorney-in-Fact,to make,execute,seal er,for, e behalf as suret
y,and as its act and deed:
any and all bonds and undertakings, each 1 enalt o to exceed the sum of ONE
HUNDRED THOUSAND DOLLARS ($100,000) . . . . .
And e execution of such bonds or undertakings in pursua ese preN', hall be as binding upon said Company, as fully
-and amply, to all intents and purposes, as_if_they had-be- execucknowledged_by the regularly elected officers ofthe Company at its office in Baltimore, Md., in their or per is power .of attorney revokes that
issued on behalf of John Langeland, ed, J 7
oy 26, 1990.
The said Assistant Secretary does hereby certify a extract on the reverse side hereof is a true copy of Article VI,
Section 2, of the By-Laws of said Company, and w in for
IN WITNESS WHEREOF,the said Vice-Prey' and Assis cretary have hereunto subscribed their names and affixed the
Corporate Seal of the said FIDELITY AND SIT CO^ OF MARYLAND, this 1 8th day of
September , A.D. 1991
CJ FIDELITY AND.DEP COMPANY OF MARYLAND
ATTEST: `SEAL# v
-----•- ----- --- By.......................................... -------f--------------
Assistant Se� Vice-President
STATE OF MARYLAND
Crr`Y OF BALTIMORE j
-. On this 18 t h day of September , A.D. 19 91, before the subscriber, a Notary Public of the State of
Maryland,in and for the City of Baltimore,duly commissioned and qualified,came the above-named Vice-President and Assistant
Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,to me personally known to be the individuals and officers
described in and who executed the preceding instrument, and they each acknowledged the execution of the same, and being by
me duly sworn, severally and each for himself deposeth and saith, that they are the said officers of the Company aforesaid, and
that the seal affixed to the preceding instrument is the Corporate Seal of said Company,and that the said Corporate Seal and their
signatures as such officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal, at the City of Baltimore,the.day and
year first above written.
CAROL J. FADER -
.. V,•j MOT�RY''1
f• — •= Notary Public ommission p' August 1, 1992
........... CERTIFICATE
I, the undersigned, Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that
the original Power of Attorney of which the foregoing is a full,true and correct copy, is in full force and effect on the date of this,
certificate;and I do further certify that the Vice-President who executed the said Power of Attorney was one of the additional Vice-
Presidents specially authorized by the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI,Section 2, of
the By-Laws of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND.
This Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 16th day of July, 1969.
RESOLVED:"That the facsimile or mechanically reproduced signature of any Assistant Secretary of the Company,whether made
heretofore or hereafter,wherever appearing upon a certified copy of any power of attorney issued by the Company, shall be valid
and binding upon the Company with the same force and effect as though manually affixed."
IN TESTIMONY WHEREOF,I have hereunto subscribed my name and affixed the corporate seal of the said Company,this
day of C-F_ , 199.
088-6150 CnA
dq
AssZoant Secretary
.. _.a
EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY OF MARYLAND
"Article VI,Section 2.The Chairman of the Board,or the President,or any Executive Vice-President,or any of the Senior Vice-
Presidents or Vice-Presidents specially authorized so to do by the Board of Directors or by the Executive Committee, shall have
power, by and with the concurrence of the Secretary or any one of the Assistant Secretaries, to appoint Resident Vice-Presidents,
Assistant Vice-Presidents and Attorneys-in-Fact as the business of the Company may require,or to authorize any person or persons
to execute on behalf of the Company any bonds, undertakings, recognizances, stipulations,policies, contracts, agreements, deeds,
and releases and assignments of judgements, decrees, mortgages and instruments in the nature of mortgages,. . .and to affix the
seal of the Company thereto."
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