HomeMy WebLinkAboutBID BOND BID BOND
KNOW ALL MEN BY THESE PRESENTS, that we, Aspro, Inc.
as Principal, and North American Specialty Insurance Company
as Surety are held and firmly bound unto the crTy OF WATERLOO , Iowa, hereinafter called
"OWNER." In the penal sum Five Percent of the Amount Bid
Dollars ($ 5% ) lawful money of the United States, for the payment
of which sum will and truly be made, we bind ourselves, our heirs, executors, administrators, and
successors,jointly and severally, firmly by these presents. The condition of this obligation is such
that whereas the Principal has submitted the accompanying bid dated the 5th day of
April , 20 10 , for F.Y. 2010 Street Reconstruction Program
Contract No. 772
NOW,THEREFORE,
(a)If said Bid shall be rejected, or In the alternate,
(b) If said Bid shall be accepted and the Principal shall execute and deliver a contract in the form
specified and shall furnish a bond for his faithful performance of said contract, and for the
payment of all persons performing labor or furnishing materials in connection therewith, and
shall in all other respects perform the agreement created by the acceptance of said Bid,
Then this obligation shall be void, otherwise the same shall remain in force and effect; it being
expressly understood and agreed that the liability of the Surety for any and all claims hereunder
shall, in no event, exceed the penal amount of this obligation as herein stated.
By virtue of statutory authority, the full amount of this bid bond shall be forfeited to the Owner in
liquidation of damages sustained In the event that the Principal fails to execute the contract and
provide the bond as provided in the specifications or by law.
The Surety, for value received, hereby stipulates and agrees that the obligations of paid Surety and
its bond shall be in no way impaired or affected by any extension of the time within which the
Owner may accept such Bid or execute such contract; and said Surety does hereby waive notice of
any such extension.
IN WITNESS WHEREOF, the Principal and the Surety, have hereunto set their hands and seals, and
such of them as are corporations, have caused their corporate seals to be hereto affixed and
these presents to be signed by their proper officers this 5th day of April
A.D. 201 0
Aspro, Inc. ;Seal)
Principal
By` I, , = i <(/' 1, /2/
(Tide)
North American Specialty Insurance Company
.(Seal,)
tnes Anne Crowner Surety
l tiLC �f 1 2-6 By --�-*`
Witness 1 Cindy Bennett f Attorney-in-fact ianne S Riley
NAS SURETY GROUP
NORTH AMERICAN SPECIALTY INSURANCE COMPANY
WASHINGTON INTERNATIONAL INSURANCE COMPANY
GENERAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS,THAT North American Specialty Insurance Company,a corporation duly organized and existing under
laws of the State of New Hampshire,and having its principal office in the City of Manchester,New Hampshire,and Washington International
Insurance Company,a corporation organized and existing under the laws of the State of New Hampshire and having its principal office in the City of
Itasca,Illinois,each does hereby make,constitute and appoint:
JAY D.FREIERMUTH,CRAIG E.HANSEN,CLIFFORD W.AUGSPURGER,DIANNE S.RILEY,BRIAN M.DEIMERLY,
CINDY BENNETT,ANNE CROWNER,TIMOTHY J.McCULLOH,STEPHANIE R.FINNEY,STACY LYNN VENN,
and ANGELA MARIE GROSS JOINTLY OR SEVERALLY
Its true and lawful Attorney(s)-in-Fact,to make,execute,seal and deliver,for and on its behalf and as its act and deed,bonds or other writings
obligatory in the nature of a bond on behalf of each of said Companies,as surety,on contracts of suretyship as are or may be required or permitted by
law,regulation,contract or otherwise,provided that no bond or undertaking or contract or suretyship executed under this authority shall exceed the
amount of:
TWENTY-FIVE MILLION($25,000,000.00)DOLLARS
This Power of Attorney is granted and is signed by facsimile under and by the authority of the following Resolutions adopted by the Boards of
Directors of both North American Specialty Insurance Company and Washington International Insurance Company at meetings duly called and held
on the 24th of March,2000: -"RESOLVED,that any two of the Presidents,any Managing Director,any Senior Vice President,any Vice President,any Assistant Vice President,
the Secretary or any Assistant Secretary be,and each or any of them hereby is authorized to execute a Power of Attorney qualifying the attorney named
in the given Power of Attorney to execute on behalf of the Company bonds,undertakings and all contracts of surety,and that each or any of them
hereby is authorized to attest to the execution of any such Power of Attorney and to attach therein the seal of the Company; and it is
FURTI IER RESOLVED,that the signature of such officers and the seal of the Company may be affixed to any such Power of Attorney or to any
certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures or facsimile seal shall be
binding upon-the Company when so affixed and in the future with regard to any bond,undertaking or contract of surety to which it is attached."
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SEAL. 2't S Steven P.Anderson,President&Chief Executive Officer of Washington International Insurance Company G SEAL#F
4� 1973 A. e4,.,�d•.+.t`j &Senior Vice President of North American Specialty Insurance Company g s 9
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`rrr/nnunula��� By . h
David M.Layman,Senior Vice Presiden of Washington International Insurance Company ar,wf{l;
&Vice President of North American Specialty Insurance Company
IN WITNESS WHEREOF,North American Specialty Insurance Company and Washington International Insurance Company have caused their
official seals to be hereunto affixed,and these presents to be signed by their authorized officers this 30th day of September ,2008 .
North American Specialty Insurance Company
Washington International Insurance Company
State of Illinois
County of Du Page ss:
30th September _
On this day of 20 08 before me,a NotaryPublic personallyap
peared� Steven P.Anderson ,President and CEO of
Washington International Insurance Company and Senior Vice President of North American Specialty Insurance Company and David M.Layman,
Senior Vice President of Washington International Insurance Company and Vice President of North American Specialty Insurance Company,
personally known to me,who being by me duly sworn,acknowledged that they signed the above Power of Attorney as officers of and
acknowledged said instrument to be the voluntary act and deed of their respective companies.
"OFFICIAL SEAL!'
NNA D.SICLEN5 f3Yl7c6tNotaty Public,
�y
Mg Comml iont ap oire totE ih1 Donna D.Sklens,Notary Public
I, James A.Carpenter , the duly elected Assistant Secretary of North American Specialty Insurance Company and Washington
International Insurance Company,do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney given by said North
American Specialty Insurance Company and Washington International Insurance Company,which is still in full force and effect.
IN WITNESS WHEREOF,I have set my hand and affixed the seals of the Companies this 5th day of April ,20 10
James A.Carpenter,Vice President&Assistant Secretary of Washington International Insurance Company&
North American Specialty Insurance Company