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HomeMy WebLinkAboutConstruction BondBondg:9827949SUBDIVISION/SITEIMPROVEMENTBONDKNOWALL?vTENByTHESEPRESENTS,thatwe,—________________________________asPrincipal,and—Texas,asSurew,areheldandfirmlybounduntothe19016lI6th,LLCLexonInsuranceCompanyCityofRentonofasObligee,inthesumofFourHundredFortySevenThousandFiveHundredEightyDollarsandTwentyFourCents(S447,580.24_______________________________Dollarsforthepaymentofwhich,wellandtrulytobemade,wejointlyandseverallybindourselves,ourexecutors,administrators,successors,andassigns,firmlybythesepresents.WHEREAS,thePrincipalhasagreedtoperformthefollowingimprovements,Grading,Sewer/StormDrain,Road,TrafficLightsintheSubdivisionknownas:WangShortPlatNOWTHEREFORE,THECONDITIONOFTHISOBLIGATIONISSUCH,that,ifsaidPrincipalshallperformandcompletesaidimprovementstosaiddevelopmentinaccordancewitheithertheplan(s)/specification(s)/agreement,thenthisobligationshallbevoid,otherwisetobeandremaininfullforceandeffect.Ti-USBONDWILLTERJvUNAThuponwrittenacceptanceoftheimprovementsbytheObligeetothePrincipaland/orSurety.Sealedwithoursealsanddatedthis17thdayofOctober_______201919016ll6th,LLC€3Attorney-in-Fact POWEROFATTORNEY9827949LexonInsuranceCompanyKNOWALLMENBYTHESEPRESENTS,thatLEXONINSURANCECOMPANY,aTexasCorporation,withitsstatutoryhomeofficeinLouisville,Kentucky,doesherebyconstituteandappoint:ScottHumbleitstrueandlawfulAttorney(s)-In-Facttomake,execute,sealanddeliverfor,andonitsbehalfassurety,anditsactanddeedaSubdlwsjo&SiieImprovementBondunderbondorundertakingnumber9827949issuedonbehalfof19016116±.LLCasprincipalinthepenalsumof$447.580,24ThisauthorityismadeunderandbytheauthorityofaresolutionwhichwaspassedbytheBoardofDirectorsofLEXONINSURANCECOMPANYonthe1stdayofJuly,2003asfollows:Resolved,thatthePresidentoftheCompanyisherebyauthorizedtoappointandempoweranyrepresentativeoftheCompanyorotherpersonorpersonsasAttorney-In-FacttoexecuteonbehalfoftheCompanyanybonds,undertakings,policies,contractsofindemnityorotherwritingsobligatoryinnatureofabondnottoexceed$447.580,24dollars,whichtheCompanymightexecutethroughitsdulyelectedofficers,andaffixthesealoftheCompanythereto.AnysaidexecutionofsuchdocumentsbyanAttorney-In-FactshallbeasbindingupontheCompanyasiftheyhadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersoftheCompany.AnyAttorney-In-Fact,soappointed,mayberemovedforgoodcauseandtheauthoritysograntedmayberevokedasspecifiedinthePowerofAttomey.Resolved,thatthesignatureofthePresidentandthesealoftheCompanymaybeaffixedbyfacsimileonanypowerofattorneygranted,andthesignatureoftheAssistantSecretary,andthesealoftheCompanymaybeaffixedbyfacsimiletoanycertificateofanysuchpowerandanysuchpowerorcertificatebearingsuchfacsimilesignatureandsealshallbevalidandbindingontheCompany.Anysuchpowersoexecutedandsealedandcertificatesoexecutedandsealedshall,withrespecttoanybondofundertakingtowhichitisattached,continuetobevalidandbindingontheCompany.INWITNESSTHEREOF,LEXONINSURANCECOMPANYhascausedthisinstrumenttobesignedbyitsPresident,anditsCorporateSealtobeaffixedthis22nddayofJune,2018.LEXONINSURANCECOMPANYBY____________________________________BrianBeggsPresidentACKNOWLEDGEMENTOnthis22nddayofJune,2018,beforeme,personallycameBrianBeggstomeknown,whobedulysworn,diddeposeandsaythatheisthePresidentofLEx0NINSURANCECOMPANY,thecorporationdescribedinandwhichexecutedtheaboveinstrument;thatheexecutedsaidinstrumentonbehalfofthecorporationbyauthorityofhisofficeundertheBy-lawsofsaidcorporation.Npu:onnesseeBY____________________DavidsonCountyAmysylor,SMycommissionExpfres5-9-2023NotalPublicCERTIFICATEI,theundersigned,AssistantSecretaryofLEXONINSURANCECOMPANY,ATexasInsuranceCompany,DOHEREBYCERTIFYthattheoriginalPowerofAttorneyofwhichtheforgoingisatrueandcorrectcopy,isinfullforceandeffectandhasnotbeenrevokedandtheresolutionsassetfortharenowinforce.SignedandSealatMountJuliet,Tennesseethis17thDayofOctober20190BYCAssistantSecretary•OF“WARNING:AnypersonwhoknowInglyandwithIntenttodefraudanyInsurancecompanyorotherperson,filesandapplicatIonforInsuranceofclaimcontaininganymaterIallyfalseInformation,orconcealsforthepurposeofmisleadIng,Informationconcerninganyfactmaterialthereto,commitsafraudulentinsuranceact,whichisacrimeandsubjectssuchpersontocriminalandcivilpenalties.”