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Home My WebLink About1962-12-28 Letter, Construction Bond'•W p. ■*= •/ ♦ ' ■? Village of Orono Crystal Bay, Minn. December 28,1962 Mr. NormanL.Newhall,Jr. 860 Northwestern Bank Bldg. Minneapolis 2, Minnesota Dear Norm: Enclosed is a bond submitted by D. D. Ryerse to satisfy the requirements of Section 36.270 of the Orono Municipal Code. Please check as to form. The amount of the bond ($2500.00) was established by Village Engineer Wm.T.Mills as the estimated cost of the work covered by the bond. If bond is satisfactory,please return for filing. If not,please ^viVise as to steps to be taken. Very truly yours, Donald . Boll Village Clerk January 3, 1963 Dear Don: ; 'W. Mm The enclosed bond is 0. K* as to form. I haven't seen the contract, of course, but this bond assures performance of that contract, which I presume can be done within the dollar limit of the bond. Yours^^ry truly, N. L^^^alV^Jr% NLN:hl j im‘M A STOCK COMPANY — ESTABLISHED 1BSO ^ TR\ o^Mk 111!ef®SM HOME OFFICE OF MARYLAND B A LT I M O R E i CONTRACT BOND KNOW ALL MEN BY THESE PRESENTS; ThatJ3Drence..J)*...8yfirafi..Jx«._ _ __ ___ _ _ _ _ _ _ _ llt^O? County Rd #1$% Minneapolis 271 Minnesota_ _ _ _ _ _ _ _ _ _ _ _ (hereinafter called Principal), as Principal, and Fidelity and D eposit C ompany op Maryland , a corporation of the State of Maryland, with its Home Office in the City of Baltimore, Maryland, and duly authorized and licensed to do business in the State of —Idinnesata_______________(hereinafter called Surety), as Surety, are held and firmly bound unto.___.yilLage...Q£..Q!rQQa_______________________________________ ------------------------------------------------------------(hereinafter called Owner), in the full and just sum of TS^.„XHQ.USAMD..J!I^ffi_HUHDRED..AHD..J1 0y^QQn».'Mn.'»wiMiwi«!iM»iMi»«twi»ji>««u»wm»w,Dollars (^9 to the payment of which sum, well and truly to be made, the Principal and Surety bind themselves, their and of their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. s S^ed, sealed and dated thia---------20th.------------------.day of._____J)acember_________19.62 WHEREAS, the Principal has entered into a certain written agreement, dated the__.2Qth___ day of --------i)S.CSiab.fiC--------------19.62—, with the Owner for^-Conatnietlon road 10 __ „fl£.jBecJdLPn..3.-!ll7?r23~accflcdj.ng.Jba..YlllagfiL.^xeci£icationa______________________ •••••••a which agreement is or may be attached hereto for reference. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That, if the Principal shall well and truly perform and carry out the covenants, terms and conditions of said agreement, then thia (if corporation ) Attest: /P FIDELITY AND DEPOSIT COMPANY OF MARYLAND .................................................................. Stanle;^^</i Lynh^j^^btorney-in-fact cm—lOM. 1-S2 1S9S72 ^\v>?>vggh ■ W no *10*/. • • \ V7VIr E»K‘<SV?.*I1jc*TP ■ Jf. Power of Attorney FIDELITY AND DEPOSIT COMPANY OF MARYLAND HOME OFFICE] BALTIMORE* MD. K now A ll Men By These Presents : That the Fidelity and Deposit Company of Maryland , a corpora- tion oi the State of Mary’land, by C* GRIFF IIJN'ice-President, and A# KELLY , Assistant Secretary, in pursuance of authority granted by Article VI, Section 2, of the By-Laws of said Com pany, which rct^ds as follows: Pre^dent, or anv one of the Executive V'ice-Presidents, or any one of the additional Vice-Presidents specially authorized S'j to do by the Board of Directors or by the Executive Committee, shall have power, by and with the concurrence of the Sec- retary or any one of the Assistant Secretaries, to appoint Resident Vice-Presidents, Resident Assistant Secretaries and Attorneys- m-Fact as the business of the Company may require, or to authorize any person or persons to execute on behalf of the Company any TOnds, undertakings, recognizances, stipulations, policies, contracts, agreements, deeds, and releases and assignments of judgments, deerra, mortgages and instruments in the nature of mortgages, and al^ ail other instruments and documents which the business of the Company may require, and to affix the seal of the Company thereto.” does hereby nominate, constitute and appoint Stanley C, Lynn, of Minneapolis. Minnesota- IIS true and lawful agent and Attorney -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 and undertakings —------------ This power of attorney is unlimited as to coverage and amount itid 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 acknowl edged by the regularly elected officers of the Company at its office in Baltimore, Maryland, in their own proper persons. The Mud Asiiftant Secretary does hereby certify that the aforegoing is a true copy of Article VI, Section 2, of the By-Laws of said Company, and is now in force. In Witness Whereof , the said Vice-President and Assistant Secretary have hereunto subscribed their names and affixed the Corporate Seal of the said Fidelity and Deposit Company of Maryland , this ...........ls.t........................day of...........February................a.d . 19..6.O... A ttest: FIDELITY AND DEPOSIT COMPANY OF MARYLAND (Signed ) ............IU-.A....KELLY.................................. By........... (Seal) i45515/an/ Secretary Vice-President »•••••••« ss:State op Maryland City op Baltiuore On this Isb day of Fobl^fiiry , A.D. 19 6O , before the subscriber, a Notary Public of the State of Maryland, in and for the City of Baltimore, duly commissioned and qualified, came the above-named Vice-President and Assistant Secretary of the Fidelity and D eposit Company op Maryland , to me personally known to be the individuals and officers described in and who executed the preceding instrument, and they each acknowlraged the execution of the same, and being by me duly sworn severally and each for himself deposetn and saith, that they arc the said officers of the Company aforesaid, and that the to the preceding instrument is the Corporate Seal of said Company, and that the said Corporate Seal and their signati officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporation. th and saith, that theyjare the said officers of the Company aforesaid, and that the seal affixed Seal and their signatures as such In Testimony Whereof , I have hereunto set my hand and affixed my Official Seal, at the City of Baltimore, the day and year first above written. (Signed ) (Seal)^ “J \ i » r ..............bmmly ..m^...fertig ............ Notary Public Commission Expires „Ila.y...6.,...JL963 CERTIFICATE I,.................................................................................................... Assistant ^r^ary of the Fidelitv * and D eposit.Company op Maryland , do hereby certify that the attached Power of Attorney dated.........F 6,PTUa.ry. 1 ......... ^ 19..^^ behalf of :..........Stanley....C.-....Lynn....................................................of.....a is a true and correct copy and that same has been in full force and sin^ th^ate full force and effect on the date of this ccrtificqt^* and I do further certify that the said..............................................................................................................and ----M.a...A.s....K£LLY............................ who executed the attachcHl Power of Attorney as Vice-President and Assistant Secretary respectively, were on the date of the execution of the attached Power of Attorney the duly electMcc-President and Assistant Sec retary of the Fidelity and D eposit Company of Maryland , and that the said.................................................................................... was one of the additional Vice-Presidents specially auihorizcnl by the Board • f Directors to appoint any Attorney-in-Fact or to authorize any person or persons to execute on behalf of the Com^ny any be ids, recognizances, stipulations, undertakings, deeds, releases of mortgages, contracts, ^reements and policies, and to affix the seal of the Company thereto as provided in said Article VI, Section 2 of the By-Laws of the Fidelity and D eposit Company of Maryland .Section 2 of the By-Laws of the 'Whereof , I have hereunto .day of to sifl^ribed rnv name an xed the corporate seal of the said Company, this L14l9-Ctf.