|
MERCHA T777S k
<br />BONDING COMPANY,.
<br />POWER OF ATTORNEY
<br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING,
<br />INC., both being corporations of the State of Iowa (herein collectively called the "Companies") do hereby make, constitute and appoint,
<br />individually,
<br />Daniel T Tom; Jason D McEldowney; John W Hannon; Nancy N Nonweiler; Robert L
<br />Sherfick
<br />their true and lawful Attorney(s)-in-Fact, to make, execute, seal and deliver on behalf of the Companies, as Surety, bonds, undertakings
<br />and other written obligations in the nature thereof, subject to the limitation that any such instrument shall not exceed the amount of:
<br />TWELVE MILLION ($12,000,000.00) DOLLARS
<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
<br />Board of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and adopted by the Board of Directors of Merchants
<br />National Bonding, Inc., on October 24, 2011.
<br />"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and
<br />authority to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company
<br />thereto, bonds and undertakings, recognizances, 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
<br />Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship
<br />obligations of the Company, and such signature and seal when so used shall have thesame 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 authority hereby given
<br />to the Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and
<br />construction contracts required by the State of Florida Department of Transportation. It is fully understood that consenting to the State of Florida
<br />Department of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety company
<br />of any of its 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 Attomey-in-Fact cannot be modified or revoked
<br />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 the modification or revocation.
<br />In Witness Whereof, the Companies have caused this
<br />instrument to be signed and sealed this 8th day of April 2016
<br />., •Illfl111j1j
<br />tOf�'�(y��''�.
<br />� • � r � • +
<br />MERCHANTS BONDING COMPANY
<br />�....... +• BONDING, {NC (MUTUAL)
<br />.�``tp•
<br />�4
<br />.'�000 MERCHANTS NATIONAL
<br />� S
<br />' Wr : 3•
<br />• Q',
<br />1933 ; c;
<br />may+ By
<br />t�
<br />STATE OFIOWA ,�'�la/rl��el,l•�''', .+�•..+•'•
<br />COUNTY OF Dallas ss. President
<br />On this 8th day of April 2016 , before me appeared Larry Taylor, to me personalty known, who being by me sworn did say that
<br />he is President of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the seals affixed
<br />to the foregoing instrument are the Corporate seals of the Companies; and that the said instrument was signed and sealed in behalf of the
<br />Companies by authority of their respective Boards of Directors.
<br />�VaAt WENDY WOODY
<br />4,6p Commission number 784654
<br />z ' "' _" My Cornrnission Expires
<br />20, 2017
<br />ova June
<br />Notary Publr „ . County, Iowa
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />I, William Warner, Jr., Secretary of the MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />do hereby certify that the above and foregoing is a true and correct copy of the POWER -OF -ATTORNEY executed by said Companies,
<br />which is still in full force and effect and has not been amended or revoked.
<br />In Witness Whereof, I have hereunto set my hand and affixed the seat of the Companies on this 101h day of July 2018
<br />Secretary
<br />POA 0014 (6/15)
<br />
|