MERCHANTS
<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 />bath being co4parations of the State of .Iowa (herain collectively Called the "Companles") do hereby make, constitute and appoint, Individually,
<br />Barbara E Pearson; Cheryl E Alkire; Jennifer L Kasznda; 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 lawful Attomey(s)-In-Fact, to sign Its name as surety(los) and to exeoule, seat and acknowledge any and all bonds„ undertakings,
<br />contrects and other written instruments In the nature thereof, on behalf of ttra Companies in their business of guaranteeing the fidellty
<br />Of Persona, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted In any
<br />actions or proceedings allowed by lows.
<br />This P •of-Ailomey 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 Banding Company (Mutual) on April 23, 2011 and amended August 14, 20,16 and adopted by the Board of Directors
<br />of Merchants National Banding, Inc., on October 16, 201 S.
<br />"The President, Secretary, Treasurer; or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have pourer and authority
<br />to appoint Attomsys-in-Fact, and to arrthorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and
<br />undertakings, recognizances, contracts of indemnity and other writings obligatory In the nature thereat"
<br />'The signature of any authorized officer and the seal of the Company may be affixed by fbcsfmiie or electronic transmlasion to any, Power of Aflornay
<br />or Certification thereof authorizing the execullon and delivery of any bond, undortaking, recognizance, or olher suretyship obligations of the
<br />Company, and such signature and seal when so used shall have the same force and effaot as though manually fixed."
<br />to connection with obfdgafions In favor of the Florida Department of Transportation only, It Is agreed that the power and aut holly hereby ,given to the
<br />Attorney -In -Fact includes any and all consents for the release of retained Percentages andfor final aesilmates on engineering and Construction.
<br />contracts regluired by the State of Florida Department of Transportation, It is fully undarstood that oonsenUng to tare State of Florida Dopartment
<br />of Transportation making payment of the final estimmste to the Contractor and/or Its assignee, shalt not relieve this surety company of any of
<br />its obligations under its bond.
<br />In connection with obligations In favor of the Kentucky Department of Highways ortlyy, it Is agreed that the power and authority hereby given
<br />to the Afforrrey-In-Fact cannot be modified or revoked unless prior written personal notice of such intent has boon given to the Commissioner -
<br />Department of Highways of the Commonwesilh of Kentucky at least thirty (30) days prior to, the modification or revocation.
<br />In Witness Whereof, the Companies have caused this Instrument to be signed and sealed this 20th day of June , 2p1g
<br />WMf4� M M4,l1
<br />q"PO
<br />4 `* * ^P''". MERCHANTS BONDING COMPANY (MUTUAL)
<br />MERCHANT NATIONAL BINDING, INC.
<br />-0- of " -a
<br />—71
<br />" 200 � wJ� . � � ; 1933 say
<br />Plash �ent
<br />STATE OF IOWA r' ��*�wr*���, r * 0
<br />COUNTY OF DALLAS as.
<br />On this this 20th day of June 2018 before me appeared Larry'Taylor, to me personalty 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 instrumentwas signed and sealed In behalf
<br />of the Companies by authority of their respective Boards of Dlractars.
<br />AIr I f � ALICIA K. GRAM
<br />0 Commission Number767430
<br />. y mission Expires
<br />M Col 1, 2020 0"491,
<br />Notary Public
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />1, Willem 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 -OF -ATTORNEY executed by said Companies, which Is still In toll
<br />force and effect and has net been amended or revoked,
<br />In Witness Whereof, I have hereunto set my hand and affixed the seal of the Companies on this ll day of r . L, �!0
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<br />POA 0018 (3/17)
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