HomeMy WebLinkAboutMaintenance Bond - Stikfort Construction --10/3/2011MAINTENANCE IBONO
KNOW ALL MEN BY THESE PRESENTS:
Bond No, 2146591
That, Stickfort Construction Co. of Hudson. IA
as Principal, and the North American Specialty Insurance Company
are held and firmly bound unto City of Waterloo
as Surety,
in the
penal sum of One Hundred Forty Eight Thousand Dollars and 00/100
($ 148,000.00 )
Dollar's. 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, [hesaid Principal entered into a certain contract. with City of Waterloo, IA
To furnish all the material and labor necessary for the construction of The Preserve at Crossroad
Olson Road - 2,516 SY Concrete Paving, 722 LF 8" Sanitary Sewer & 547 LF of 15" RCP
Storm Sewer
in Waterloo, IA In conformity with certain specifications; and
Alii ; h ; 4
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
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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 scats this
day of August ,2011 .
Appro j ' as
Jo ,
ttorney Da e
5th
Stickfort Construction Co.
By:
North American Specialty Insurance CompanKmuunnr►rrr„��
Surety V V,U7Y,
SEAL Is
By: _1 -s. 973 a
ia ne -r ey orney-in- ,:-.;;""k:
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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:
Dianne S. Riley
Its true and lawful Attorney -in -Fact, to make, execute, seal and deliver, for and on its behalf and as its act and deed, the following surety bond:
Principal: Stickfort Construction Co. Bond Number: 2146591
Obligee: City of Waterloo Bond Amount: See Bond Form
Bond Description: The Preserve at Crossroad Olson Road - 2,516 SY Concrete Paving, 722 LF 8" Sanitary Sewer & 547 LF of 15" RCP Storm Sewer
Provided that no bond or undertaking or contract of suretyship executed under this authority shall exceed the amount of:
FIFTY MILLION ($50,000,000) 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, 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."
Steven P. Anderson, Resident&Chief Executive racer of Washington Intentional Insurance Company
& Senior Vice President °!Norah American Specialty humane° Company
David M. Layman, Senior Vico of higton JWdh nl Insurance Company
@ Vice Resident ofNonh American Specially lnsumnce 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 16th day of September 20 10 .
North American Specialty Insurance Company
Washington International Insurance Company
State of Illinois
County of Cook ss:
On this 1001 day of September 20 10 , 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, aclmowledged 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'
NNAD.SKLENS
NotaryPubiie, State of lllmois
MyCommission Expires 101062011
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 5t11 day of August , 2011
Tiff.
James A. Carpenter, K President & ASS istant5ecrctaryof Jashingion Intonational Insurance Coropany &
Assistant Secretary of Ninth American Specialty Insurance Company