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HomeMy WebLinkAboutBid Bond THE AMERICAN INSTITUTE OF ARCHITECTS ,;---- I AlA Document A310 Bid Bond KNOW ALL MEN BY THESE PRESENTS that we Temple & Temple Excavating & Paving, Inc. , IHe,e insert full name and address or legal tille of Conlractor) 1367 S. State Road 60, Salem, IN 47167 as Principal, hereinafter called the Principal, and Ohio Casualty Insurance Company . (Here insert full name and address 0' legal t.t1e of Surely) 3002 Eastpoint Parkway, P. O. Box 35069, Louisville, KY 40232-5069 a corporation duly organized under the laws of the State of OHIO as Surety, hereinafter called the Surety, are held and firmly bound unto City of Jeffersonville \.tlere inserl full name and address or legal title of Owner) Drainage Board, 501 E. Court Avenue, Jeffersonville, IN 4713u as Obligee, hereinafter called the Obligee, in the sum of Five Percent of the Amount Bid Dollars ($5% of Bid ), 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 F'1 these presents. WHEREAS, the Principal has submitted a bid for IHere inserl full name, address and descriplion of project) Job No. 0412 - Meadown Detention Basin & Drainage Improvements NOW, THEREFORE, if the 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 prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount speCified in said 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 28th day of 2006 ,~Q~ K~~w (Witness) (Sea/) (Seal) f!': AlA DOCUMENT A310 . BID BOND' AlA ~. FEBRUARY 1970 ED . THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON, D. C. 20006 1 * Printed on Recycled Paper 9/93 ... .. CERTIFIED COPY OF POWER OF ATTORNEY THE omo CASUALTY INSURANCE COMPANY HOME OFFICE. ~ILTON, OHIO No. 33-177 r, Know All Men by These Presents: That TIlE OHIO CASUALTY INSURANCE COMPANY, in pursuance of authority granted by Article VI, Section 7 of the By-Laws of said Company, does hereby nominate, constitute and appoint: John B. Manus or Jason D. Cromwell of New Albany, Indiana its true llJld 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, UNDERT AKJNGS, and RECOGNIZANCES, not exceeding in any single instance FIVE MILLION ($5,000,000.00) DOLLARS. excluding, however, any bond(s) or undertaking(s) guaranteeing the payment of notes and interest thereon And the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Company, as fully and amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly elected officers of the Company at its office in Hamilton, Ohio, in their own proper persons. The authority granted hereunder supersedes any previous authority heretofore granted the above named attorney(s)-in-fact. In WITNESS WHER$OF, the undersigned officer of the said The Ohio Casualty Insurance Company has hereunto subscribed his lUIIIle and affixed the Corporate Seal of the said The Ohio Casualty InsuraJlce Company this 1 st day of June, 1998. Aa-- 4~ Sam Lawrence, Assistant Secretary STATE OF OHIO, COUNTY OF BUTLER On this 1st day of June, 1998 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 TIlE OHIO CASUALTY 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 deposeth and saith, that he is the officer of the Company aforesaid, and that the seal affixed to the preceding instrument is the Corporate Seal of said Company, and the said Corporate Seal and his signature as officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal at the City of Hamilton, State of Ohio, the day and year first above written. r~ ~ \f':r~ ~w~ Notary Public in and for County of Butler, State of Ohio My Conunission expires September 25, 2002. This power ofattorney is granted under and by authority of Article VI, Section 7 of the By-Laws of the Company, adopted by its directors on April 2, 1954, extracts from which read: "ARTICLE VI" "Section 7. Appointment of Attorney-in-Fact, etc. The chairman of the board, the president, any vice-president, the secretary or any assistant secretary shall be and is hereby vested with full power and authority to appoint attorneys-in-fact for the purpose of signing the name of the Company as surety to, and to execute, attach the corporate seal, 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, fum, corporation, or the official representative thereot; or to any county or state, or any official board or boards of county or state, or the United States of America, or to any other political subdivision." This instIument is signed and sealed by facsimile as authorized by the following Resolution adopted by the directors of the Company on May 27, 1970: "RESOLVED that the signature of any officer of the Company authorized by Article VI Section 7 of the by.laws to appoint attorneys in fact, the signature of the Secretary or any Assistant Secretary certifYing to the correctness of any copy of a power of attorney and the seal of the Company may be affixed by facsimile to any power of attorney or copy thereof issued on behalf of the Company. Such signatures and seal are hereby adopted by the Company as original signatures and seal, to be valid and binding upon the Company with the same force and effect as though manually affixed." CERTIFICATE I, the undersigned Assistant Secretary of The Ohio Casualty Insurance Company, do hereby certify that the foregoing power of attorney, Article VI Section 7 of the by-laws of the Company and the above Resolution ofits Board 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 seal of the Company this 28th day of June 2006 ~~ /' ~4- ...-c, I . 1-4300 8/98 Assistant Secretary