HomeMy WebLinkAboutA013 - Subdivision Bond dated May 24, 1977 - $190,600 ND CT 0.
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1933 2100 GRAND AVENUE . DES MOINES, IOWA 50312
Bond No. 356,851
SUBDIVISION BOND
Know all men by these presents:
THAT we, Marjo, 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_— C1 ty Of Ames Iowa,
One Hundred Ninety Thousand
as Obligee, in the penal sum of Six Hundred and No/100------dollars ($1(0.600.00 )•
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 Union Addition
being an official plat lying within the City offs
County of Story , State of Iowa.
WHEREAS, the above bounden Principal has agreed with the Obligee to install the following im-
provements: Sanitary Sewer $ 34,800.
Storm sewer 46,900.
Dater mains 19,200.
Streets 71,300.
Street lights 4,300.
Sidewalks 14,000.
Street Signs 100. Total - $190,600.
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 harm-
less 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 24th
day of May , 19 77
Marjo, Inc.
Principal
MERCHANTS DdUTUAL BONDING COMPANY
By -i
2M-CP-8-69 R� ney' Bliss, III, Vice President
CERTIFICATION
I, the undersigned officer of the MERCIA:TS t4tM]AL ",MTNG C0101PANY, herebv
certify that the followina is a full and txvue cony of Section 5 and Section 5b
�f Article II of the By-Laws of said Corrarnr:
Section 5:--'ihe Chairman of the Board or President or any
Vice President or Secretary or any Assistant Secretary,
shall have pcuer and authority to execute on behalf cf the
Company, and attach the Seal of the Company thereto, bonds
and undertakings, recognizances, contracts of indemnity and
other writing obligatory in the nature thereof.
5b:--The signature of any authorized officer and Seal of the
Crnpany may be affixed by facsimile to any Pacer of Attorney
or Certification thereof authorizing the execution and
delivery of any bond, undertakinct, recognizance, or other
suretyship cbLi.gations 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 Ccapany:
W.W. Warner, President and Chairman of the .Board; H.D.Stiles, Vice President;
Rodney Bliss III, Vice President; C.W.Story, Vice President; M.M. Zhcumcn,
vice President; William W. Warner, Vice President; W.C. Brundage, Treasurer;
Emily %heeler, Secretary; S.P. McCormack, Assistant Vice President; Gene Davis,
Assistant Secretary.
IN TESTIM:7NY WMREOF, I have hereunto set my hand as President and affix the
Corporate Seal of the WROWnS NAJIZIIIL BONDING c"CTxiy, this 24th
day of May 19 77
�n'✓mile,
State of Iowa )
)ss
County of Polk )
Can this 24th day of. May ,19 77 ,before me
a7n,eared W.W.Warner, to Ire nersonally knom, who being by me duly sworn did say
that he is President of the MFROLVrS MUIVAL BMI)ING ?ANY, the corporation
described in the foregoing instrument, and that the Seal affixed to the said
instruTent is the Corporate Seal of the said Corporation and that the said instrurent
was signed and sealed in behalf of said Comoraticn by authority, of its Board of
Directors,
IN TESTIMOFY t4ERBDF, I have hereunto set my hand and affixed my Official
Seal at the City of Des Moires, Iowa, the day and year first above written.
TNary 1i Courty, cwa
NC)TAM SEAL My Commission Exnires 9-30-