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MFRCHANI�S
<br />BONDING COMPANY,-.
<br />POWER OF ATTORNEY
<br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />both being corporations of the State of Iowa (herein Collectively called the "Companies") do hereby make, constitute and appoint, individually,
<br />Barbara E Pearson; Cheryl E Alkire; Jennifer L Kasznia; Jordan M Scheiber; Mark E Wobbe; Megan E Riesenberg; Nicole L Bicknell; Sandra L
<br />Junk; Theresa M Burns; Wesley L Mantooth; William J Carney III
<br />their true and iaWul Attorneys) -in -Fact, to sign its name as surety(les) and to execute, seal and acknowledge any and all bonds, undertakings,
<br />contracts and other written Instruments in the, nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity
<br />of persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted in any
<br />actions or proceedings allowed by law.
<br />This Power -of -Attorney Is granted and Is signed and sealed by facsimile under and' by authority of the following By -Laws adopted by the Board
<br />of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and amended August 14, 2015 and adopted by the Board of Directors
<br />of Merchants National Bonding, Inc., on October 16, 2015.
<br />'The President, Secretary,, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and authority
<br />to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and
<br />undertakings, recGgnizances, contracts of indemnity and other writings obligatory in the nature thereof."
<br />"The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney
<br />or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the
<br />Company, and such signature and seat when so used shall have the same force and effect as though manually fixed."
<br />In connection with obligations In favor of the Florida Department of Transportation only, It is, agreed that the power and aut hority hereby given to the
<br />Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction
<br />contracts required by the State of Florida Department of Transportation. It Is fully understood that consenting to the State of Florida Department
<br />of Transportation making payment of the final estimate to the Contractor andlor Its assignee, shall not relieve this surety company of any of
<br />I is obligations under its bond.
<br />In connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given
<br />to the Aftomey-in-Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner -
<br />Department Of Highways of the Commonwealth of Kentucky at least thirty (30) days prior to tile modification or revocation.
<br />In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 20th day of June 2018
<br />10
<br />......... \G CO3
<br />P0 MERCHANTS BONDING COMPANY (MUTUAL)
<br />q$.■
<br />MERCHANT NATIONAL BONDING, INC.
<br />-0- 0
<br />2003 1933
<br />4
<br />.- By 6� :
<br />Pmsident
<br />STATE OF IOWA
<br />COUNTY OF DALLAS ss.
<br />On this this 20th day of June 2018 before me appeared Larry Taylor, to me personally known, who being by me duty sworn
<br />did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the
<br />seals affixed to the foregoing instrument are the Corporate Seals of the Companies; and that the said instrument was signed and sealed in behalf
<br />of the Companies by authority of their respective Boards of Directors.
<br />7 , IA4
<br />�,VA , AUCIA K. GRAM
<br />0 43 Commission Number 767430
<br />My Commission Expires
<br />April l,2020
<br />Notary Public
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />1, William Warner, Jr., Secretary of MERCHANTS BONDING COMPANY (MUTUAL.) and MERCHANTS NATIONAL BONDING, INC., do hereby
<br />certify that the above and foregoing Is a true and correct copy Of the POWER -Or -ATTORNEY executed by said Companies, which Is still In full
<br />force and effect and has not been amended or revoked.
<br />In Witness Whereof, I have hereunto set my hand and affixed the seal of the Companies on this ,?IS' ay of W�y�� ,)0/
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<br />........... ........
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<br />to
<br />201933 Secretary
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<br />POA 00 18 (3/17)
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