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HomeMy WebLinkAboutBid Bond ~ , BID BOND The American Institute of Architects. AlA Document No. A31 0 (February, 1970 Edition) KNOW ALL MEN BY THESE PRESENTS, that we KEVCO CONSTRUCTION, LLG LOUISVILLE, KY 40201 As Principal, hereinafter called Principal, and The Ohio Casualty Insurance Company , a corporation duly organized under the laws ofthe State of Ohio , as Surety, hereinafter called Surety, are held and firmly bound unto As Obligee, hereinafter called Obligee, in the sum of 5% OF THE AMOUNT OF THE BOND Dollars $ 5% For the payment of which sum well and truly to be made the said Principal and the said Surety bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for A NEW ONE STORY STRUCTURE TOBE KNOWN AS KEN ELLIS SENIOR CENTER, 1425 PENNSYL VANIA A VENUE, JEFFERSONVILLE, IN (' NOW, THEREFORE, Ifthe Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with, the Obligee, in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or contract documents with good and sufficient surety for the faithful performance of such contract and for the payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter into such contract and give such bo~d or bonds, if the Principal shall pay to the Obligee the difference not exceed the penalty hereof between the amount specified in such bid and such larger amount for which the Obligee may in good faith contract with another party to perform'the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 15TH day of MAY 2006 r:Uc1~/ (Witness) KEVCO CONSTRUCTION, LLC (Principal) ~u~ . . !/ ."J or: (Title) The Ohio Casualty Insurance Company (Attorney-in-Fact) Revised to February, 1970 SB 5714b prilted in U.S.A. r\ CERTIFIED COpy OF POWER OF ATTORNEY THE OHIO CASUALTY INSURANCE COMPANY WEST AMERICAN INSURANCE COMPANY ~ No. 39-236 Know All Men by These Presents: That THE OIDO CASUALTY INSURANCE COMPANY, an Ohio Corporation, and WEST AMERICAN ~SURANCE COMPANY, an Indiana Corporation, pursuant to the authority granted by Article Ill, Section 9 of the Code of Regulations and By-Laws of The Ohio Casualty Insurance Company and West American Insurance Company, do hereby nominate, constitute and appoint: Brent L. Smith, Mary R. Hupp, Michelle M. Bridwell, Jean A. Humphrey, Alma Jean White or Gloria Ray of Louisville, Kentucky its true and lawful agent (s) and attorney (s)-in-fact, to make, execute, seal and deliver for and on its behalf as surety, and as its act and deed any and all BONDS, UNDERTAKINGS, and RECOGNIZANCES, not exceeding in any single instance ONE MILLION FIVE HUNDRED THOUSAND ($1,500,000.00) DOLLARS, excluding, however, any bond(s) or undertaking(s) guaranteeing the payment of notes and interest thereon And the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Companies, as fully and amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly elected officers of the Companies at their administrative offices in Fairfield, Ohio, in their own proper persons. The authority granted hereunder supersedes any previous authority heretofore granted the above named attorney(s)-in-fact. In WITNESS WHEREOF, the undersigned officer of the said The Ohio Casualty Insurance Company and West American Insurance Company has hereunto subscribed his name and affixed the Corporate Seal of each Company this 21st day of March, 2006 ,,~.~I!l!!~~ ~. ~..~" ~(I SEAL 1~ "f.~ :~ '" ....~ A~ 4~ Sam Lawrence, Assistant Secretary STATE OF OIDO, COUNTY OF BUTLER On this 21st day of March, 2006 before the subscriber, a Notary Public of the State of Ohio, in and for the County of Butler, duly commissioned and qualified, came Sam Lawrence, Assistant Secretary of THE OIDO CASUALTY INSURANCE COMPANY and WEST AMERICAN INSURANCE COMPANY, to me personally known to be the individual and officer described in, and who executed the preceding instrument, and he acknowledged the execution of the same, and being by me duly sworn deposes and says that he is the officer of the Companies aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies, and the said Corporate Seals and his signature as officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations. IN ~ WHEREOF, I h." h~'oolo '" my lumd md _,d my Offici,1 "'" .1 tho Cityt~ ';j o];;;;;:;;".m '00" wnll<n. \~/':~ ~ - -'0 - () (j . Notary Public in and for County of Butler, State of Ohio My Commission expires August 6, 2007. This power of attorney is granted under and by authority of Article ill, Section 9 of the Code of Regulations and By-Laws of The Ohio Casualty Insurance Company and West American Insurance Company, extracts from which read: Article Ill, Section 9. Appointment of Attornevs-in-Fact. The Chairman of the Board, the President, any Vice-President, the Secretary or any Assistant Secretary of the corporation shall be and is hereby vested with full power and lluthority to appoint attorneys-in-fact for the purpose of signing the name of the corporation as surety to, and to execute, attach the seal of the corporation to, acknowledge and deliver any and all bonds, recognizances, stipulations, undertakings or other instruments of suretyship and policies of insurance to be given in favor of any individual, firm, corporation, partnership, limited liability company or other entity, or the official representative thereof, or to any county or state, or any official board or boards of any county or state, or the United States of America or any agency thereof, or to any other p~litical subdivision thereof This instrument is signed and sealed as authorized by the following resolution adopted by the Boards of Directors ofthe Companies on October 21,2004: RESOLVED, That the signature of any officer of the Company authorized under Article ill, Section 9 of its Code of Regulations and By-laws and the Company seal may be affixed by facsimile to any power of attorney or copy thereof issued on behalf of the Company to make, execute, seal and deliver for and on its behalf as surety any and all bonds, undertakings or other written obligations in the nature thereof; to prescribe their respective duties and the respective limits of their authority; and to revoke any such appointment. Such signatures and seal are hereby adopted by the Company as original signatures and seal and shall, with respect to any bond, undertaking or other written obligations in the nature thereofto which it is attached, be valid and binding upon the Company with the same force and effect as though manually affixed. CERTIFICAlE I, the undersigned Assistant Secretary of The Ohio Casualty Insurance Company and West American Insurance Company, do hereby certify that the foregoing power of attorney, the referenced By-Laws of the Companies and the above resolution of their Boards of Directors are true and correct copies and are in full force and effect on this date. IN WITNESS WHEREOF, I have hereunto set my hand and the seals of the Companies this day of ~c:~.~...~~~~ 1',. \t'l ~~~/bI ~( SEAL )~ . . '7'., /~ ....... Assistant Secretary (>