HomeMy WebLinkAboutMerchants Bonding Co/Cardinal Construction-8/20/2012MERCHANTS
BONDING COMPANY
MERCHANTS BONDING COMPANY (MUTUAL) • MERCHANTS NATIONAL BONDING, INC.
2100 FLEUR DRIVE • DES MOINES, IOWA 50321-1158 • (800) 678-8171 • (515) 243-3854 FAX
MULTIPLE OBLIGEE RIDER
To be attached to and form part of Bond Number IAC65453
with Merchants Bonding Company (Mutual)
Cardinal Construction, Inc.
as Surety,
as Principal, and Waterloo Development Corporation
for valuable consideration, hereby agree respectively in connection with a contract for
08111 Cedar Valley Sportsplex, Waterloo, Iowa 50701
as Obligee,
which bond and contract are made a part hereof by reference, shall now include as additional Obligee(s)
City of Waterloo
The rights of the additional Obligee(s) shall be subject to the following conditions:
(a)
The Surety shall not be liable under this bond to the Obligee, or any additional Obligee,
unless the Obligee, or any additional Obligee, shall make payments to the principal in
accordance with the terms of said contract as to payments and shall perform all other
obligations to be performed under said contract at the time and in the manner therein set forth.
(b) The aggregate liability of the Surety under the Bond to the Obligees, as their interest may
appear, is limited to the penal sum of this Bond.
(c) The Surety, may at its option, make any payments under this Bond by check issued jointly to
the Obligees.
(d) The Surety shall not be liable: to any of the Obligees if the contract between the Principal and
Obligee is void or unenforceable.
This rider is effective as of
Cardinal Construction, Inc.
AuT)s-f- 9610('
By:
By:
cipal) Cal Construction, Inc. (Obli!1
Wate
Merchants Bonding Company (Mu
(Sure
JackiV Wagner
CON 0313 (2/12)
ey-in-fact
Cir 7 f Waterloo
B . ✓Gt.r- ' t
(Obligee)
By:
(Obligee)
By:
(Obligee)
MERCHANT
BONDING COMPANY.
Please return this copy to:
City Clerk & Finance Department
715 Mulberry Street
Waterloo, IA 50703
MERCHANTS BONDING COMPANY (MUTUAL) • MERCHANTS NATIONAL BONDING. INC.
2100 FLEUR DRIVE • DES MOINES. IOWA 50321-1158 • (800) 678-8171 • (515) 243-3854 FAX
MULTIPLE OBLIGEE RIDER
To be attached to and form part of Bond Number
with
IAC65453
Merchants Bonding Company (Mutual)
Cardinal Construction, Inc.
as Surety,
as Principal, and Waterloo Development Corporation
for valuable consideration, hereby agree respectively in connection with a contract for
08111 Cedar Valley Sportsplex, Waterloo, Iowa 50701
as Obligee,
which bond and contract are made a part hereof by reference, shall now include as additional Obligee(s)
City of Waterloo
The rights of the additional Obligee(s) shall be subject to the following conditions:
(a)
(b)
The Surety shall not be liable under this bond to the Obligee, or any additional Obligee,
unless the Obligee, or any additional Obligee, shall make payments to the principal in
accordance with the terms of said contract as to payments and shall perform all other
obligations to be performed under said contract at the time and in the manner therein set forth.
The aggregate liability of the Surety under the Bond to the Obligees, as their interest may
appear, is limited to the penal sum of this Bond.
(c) The Surety, may at its option, make any payments under this Bond by check issued jointly to
the Obligees.
(d) The Surety shall not be liable to any of the Obligees if the contract between the Principal and
Obligee is void or unenforceable.
This rider is effective as of
Cardinal Construction, Inc.
By:
By:
(Principal) Cardinal Construction, Inc.
Merchants Bonding Company (Mute
(Sure
Jackie i i Wagner
CON 0313 (2/12)
Attoin-fact
(Obli
f Waterloo
(Obligee)
By:
(Obligee)
By:
(Obligee)