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Home My WebLink AboutMAINTENANCE BOND MAINTENANCE BOND Bond No. 2140402 KNOW ALL MEN BY THESE PRESENTS: That, Aspro, Inc. of Waterloo. IA as Principal,and the North American Specialty Insurance Company as Surety, are held and firmly bound unto City of Waterloo in the penal sum of Three Million Nine Hundred Thirty Eight Thousand Eight Hundred Ninety Six Dollars and 59/100 ($ 3,938,896.59 Dollars,lawful money of the United States of America,for the payment of which,well and truly to be made, the Principal and Surety bind themselves,their and each of their heirs,executors, administrators,successors and assigns,jointly and severally,firmly by these presents. Whereas.the said Principal entered into a certain contract.with City of Waterloo, IA To furnish all the material and labor necessary for the construction of F.Y. 2011 Asphalt Overlay Program, Contract No. 796, Waterloo, Iowa in Waterloo, IA In conformity with certain specifications;and Whereas,a further condition of said contract is that the said Principal should furnish a bond in indemnity,guaranteeing to remedy any defects in workmanship or materials that may develop in said work within a period of Two ( 2 ) years from the date of acceptance of the work under said contract;and Whereas,the said North American Specialty Insurance Company for a valuable consideration, has agreed to_join with said Principal in such bond or guarantee,indemnifying said City of Waterloo Now,therefore,the condition of this obligation is such,that if the said Principal shall,at his own cost and expense,remedy any and all defects that may develop in said work within the period of Two ( 2 ) years from the date of acceptance of the work under said contract,by reason of bad workmanship or poor material used in the construction of said work,and shall keep all work in continuous good repair during said period,and shall in all other respects,comply with all the terms and conditions of said contract with respect to maintenance and repair of said work,then this obligation to be null and void;otherwise to be and remain in full force and virtue in law. In Witness whereof, we have hereunto set our hands and seals this day of ,�"i: / l- 2012 Aspro, Inc. ajz roved as to fordo_ Pr,�ncipali� 'fin �, �s By: C ttorne Date North A rican Specialty Insurance Coma "Kpu?+'il'��%, y ° p Y P � ao0o1Ns6. Surety o3 a Te'S.- € SEAL ifig Attorney-in-t-aoy� ..� c 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 Schaumburg,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, JENNIFER N.MURPHY 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: FIFTY MILLION($50,000,000.00)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 FURTHER 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." pr�lGttAIJiTY,gpii� ��muwwn4yNu QE.•.PO...k 6 fanONA[rN < O is:?i% ByoQTF r, SEAL n Steven P.Anderson,President&Chief Executive Officer of Washington International Insurance Company 2 SEAL 4 3: �;aZt1 1973 Qtu q^ &Senior Vice President of North American Specialty Insurance Company 144/41ill 11N0pa` rs . `,-;�.. A sa David M.Layman,Senior Vice Presiders of Washington International Insurance Company '4m'assntu»+ &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 14th day of September 20 11 North American Specialty Insurance Company Washington International Insurance Company State of Illinois County of Cook ss: On this 14th day of September ,20 11,before me,a Notary Public personally appeared 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 Li JILL NEL STATE OF ILL#NOIS NOTARY MCC STATE D.Jill lxetsoa,NotaryPublic - Ail'COMMON EXPIRES;06103i12 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 ;- day of A g- y' ,20 12 James A.Carpenter,Vice Presidad&Assistant Secretary of Washington International Insurance Company& North American Specialty Insurance Company