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Home My WebLink AboutStory Construction Co-7/12/2010PAYMENT BOND Bond No. 54-182454 KNOW ALL MEN BY THESE PRESENTS: that Story Construction Co. (Name of Contractor) 300 South Bell Avenue, Ames, Iowa 50010 (Address of Contractor) a Corporation (Corporation, Partnership or Individual) United Fire & Casualty Company , hereinafter called Principal, (Name of Surety) P.O. Box 73909, Cedar Rapids, IA 52407-3909 (Address of Surety) hereinafter called Surety, are held and firmly bound unto City of Waterloo, Iowa (Name of Owner) Waterloo, Iowa (Address of Owner) hereinafter called OWNER, in the penal sum of _Seven Hundred Eight Thousand Eight Hundred Dollars, $( 708,800.00) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain contract with the OWNER, dated the day of 2010, a copy of which is hereto attached and made a part hereof for the construction of: F. Y. 2010 E. Sixth St. Storm Pump Station Improvements, City of Waterloo Contract No. 716. NOW, THEREFORE, if the Principal shall promptly make payment to all persons, firms, SUBCONTRACTORS, and corporations furnishing materials for or performing labor in the prosecution of the WORK provided for in such contract, and any authorized extension or modification thereof, including all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such WORK, and all insurance premiums on said WORK, and for all labor, performed in such WORK whether by SUBCONTRACTOR or otherwise, then this obligation shall be void; otherwise to remain in full force and effect. PROVIDED, FURTHER, that the said Surety for value received hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract or to the WORK to be performed thereunder or the SPECIFICATIONS accompanying the same shall in any wise affect its obligation on this BOND, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the contract or to the WORK or to the SPECIFICATIONS. PROVIDED, FURTHER, that no final settlement between the OWNER and the CONTRACTOR shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied. IN WITNESS HEREOF, this instrument is executed in six (6) counterparts, each one of (number) which shall be deemed an original, this the day of 20 10 ATTEST: (Princip;') Secretary Patrick L. Geary, - Qetatjn Of rPr (SEAL) (No Corporate S"el ) i ess as to Princi 300 South Bell Avenue (Address) Ames, Iowa 50010 ATTEST: Story Construction Co. By Principal C. 'Itsrney, CSD 00 South Bell Avenue/ (Address Ames, Iowa 50010 United Fire & Casualty Company Surety By Attorney -i Fact - Dianne S. Riley t -AA -e61 Holmes Murphy & Associates, Inc. Witness as to Surety Cindy (16ennett (Address) Holmes Murphy & Associates, Inc. P.O. Box 9207, Des Moines, IA 50306-9207 (Address) P.O. Box 9207, Des Moines, IA 50306-9207 NOTE: Date of BOND must not be prior to date of Contract. If CONTRACTOR is Partnership, all partners should execute BOND. UNITED FIRE & CASUALTY COMPANY, HOME OFFICE - CEDAR RAPIDS, IOWA CERTIFIED COPY OF POWER OF ATTORNEY (Original on file at Home Office of Company - See Certification) KNOW ALL MEN BY THESE PRESENTS, 'That. the UNITED FIRE & CASUALTY COMPANY, a corporation duly organized and existing under the laws of the State of Iowa, and having its principal office in Cedar Rapids, State of Iowa, does make, constitute and appoint SUZAN K. BLAKE-BUNDY, OR KEVIN' J. KNUTSON, OR JACQUELINE M. DEVINE, ALL INDIVIDUALLY OF THE CEDAR RAPIDS, IA OFFICE, OR DIANNE S. RILEY, OR CRAIG E. HANSEN, OR JAY 0. FREIERMUTH, OR BRIAN M. DEIIV1ERLY, OR STEPHANIE RIVERS FINNEY, OR CINDY BENNETT, OR ANNE CROWNER, OR TIM MCCULLOH, OR STACY VENN, ALL INDIVIDUALLY of DES MOINES IA its true and 'lawful Attorney(s)-in-Fact with power and authority hereby conferred to sign, seal and execute in its behalf all .lawful bonds,undertakings and other obligatory instruments of similar nature as follows_ Any and Al 1 Bonds and to bind UNITED FIRE & CASUALTY COMPANY thereby as fully and to the same extent as if such instruments were signed by the duly authorized officers of UNITED FIRE & CASUALTY COMPANY and all the acts of said Attorney, pursuant to the authority hereby given are hereby ratified and confirmed. The Authority hereby granted is continuous and shall remain in full force and effect until revoked by UNITED FIRE & CASUALTY COMPANY. This power of Attorney is made and executed pursuant to and by authority of the following By -Law duly adopted by Board of Directors of the Company on April 18, 1973. "Article V - Surety Bonds and Undertakings Section 2, Appointment of Attorney -in -Fact. 'The President or any Vice President, or any other officer of the Company may, from time to time, appoint by written certificates attorneys -in -fact to act in behalf of the Company in the execution of policies of insurance, bonds, undertakings and other obligatory instruments of like nature. The signature of any officer authorized hereby,and the Corporate seal, may be affixed by facsimile to any power of attorney or special power of attomey or certification of either authorlzed hereby; such signature and seal, when so used, being adopted by the Company as the original signature of such officer and the original seal of the Company, to be valid and binding upon the Company with the same force and: effect as though manually affixed. Such attorneys -in fact, subject to the limitations set forth in their respective certificates of authority shall have full power to bind the Company by their signature and execution of any such instruments and to attach the seal of the Company thereto. The President or any Vice President, the Board of Directors or any other officer of the Company may at any time revoke all power and authority previously given to any attorney-in-fact. taEtu, IN WITNESS WHEREOF, the UNITED FIRE & CASUALTY COMPANY has caused these presents to be signed by t,c4sT44,10. its vice president and its corporate seal to be hereto affixed this 15th clay of March, 2008 commit SEnr. : 4. toninallos State of Iowa, County of Linn, ss: UNITED FIRE &-CASUALTY COMPANY On 15th day of March, 2008, before me personally came Dennis J. Richmann to me known, who being by me duly sworn, did depose and say; that he resides in Cedar Rapids, State of Iowa; that he is a Vice President of the UNITED FIRE & CASUALTY COMPANY, the corporation described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said corporation and that he signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said corporation. Vice President Mary A. Jansen Iowa Notarial Seal Commission number 713273 My Commission Expires 10t26110 Aeej Notary Public , the undersigned officer of the UNITED FIRE & CASUALTY COMPANY, do hereby certify that I have compared the foregoing copy of the Power of. Attorney and affidavit, and the copy of the Section of the by-laws of said Company as set forth in said Power of Attorney, with the ORIGINALS ON' FILE IN THE HOME OFFICE OF SAID COMPANY, and that the same are correct transcripts thereof, and of the whole of the said originals, and that the said Power of Attorney has not been revoked and is now in full force and effect. <<"""" �0+i In testimony whereof I have hereunto subscribed my name and affixed the corporate seal of the said Company eel' casu�y�i ,+`kms i%% this day of 20 10 colzrORATE,! lib !z IA ic44 y aprO a` BPOA00190706 4","*". Secretary