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HomeMy WebLinkAbout2014 Production on Motor Grader Lease-Fidelity and Deposit Company, RDO Bond No. 09126381 Fidelity and Deposit Company POST OFFICE BOX 1227 OF MARYLAND BALTIMORE,MD 21203 BID BOND 10% KNOW ALL MEN BY THESE PRESENTS: That we, RDO Equipment Co as Principal, (hereinafter called the"Principal"),and the Fidelity and Deposit Company of Maryland, P.O. Box 1227, Baltimore, Maryland 21203,a corporation duly organized under the laws ofthe State of Maryland,as Surety,(hereinafter called the"Surety"), are held and firmly bound unto City of Bozeman. Montana Street Division as Obligee,(hereinafter called the"Obligee"), in the sum of Ten Percent of Amount Bid Dollars($ 10% ), 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 2014 Production or Newer Motor Grader Lease-672G 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 faithfid 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 into such contract and give such bond or bonds, ifthe 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 far which the Obligee irlay 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 20th day of March A,D, 2014 RDO Equipment Co. (Seal) Principal ��es5 'TP,rr VnAraLes- �- FIDELITY AND DEPOSIT COMPANY OF MARYLAND Surety 1)le]A (J.n1&/ Jy By: VVItmss AUon� -In- act Title Melissa Solberg Ann Higgins F&93idbond.doc•Bidbondinfo.doc Power of Attorney FIDELITY AND DEPOSIT COMPANY OF MARYLAND KNOW ALL MEN BY THESE PRESENTS:That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,a corporation of the State of Maryland,by FRANK E.MARTIN JR.,Vice President,and GREGORY E.MURRAY,Assistant Secretary,in pursuance of authority granted by Article Vl,Section 2,of the By-Laws of said y,which are set forth on the reverse side hereof and are hereby certified to be in full force and effect on the d �ereby nominate, constitute and appoint James C.HAYS,William L.MERSHON,Ann a AN and Robin RUTLIN,all of Minneaplis,Minnesota, EACH its true an 11 tto e,execute,seal and deliver,for,and on its behalf as surety,and as its ac o y�n ` ertakings,and the execution of such bonds or undertakings in pursuance hall e said Company,as fully and amply,to all intents and purposes,as if the U a ut I by the regularly elected officers of the Company at its office in Baltimo th power of attorney revokes that issued on behalf of James C. HAYS,William L. ,Ann HIGGINS,Michele GROGAN,Robin RUTLIN,dated February 13, 2008. The said Assistant ry does hereby certify that the extract set forth on the reverse side hereof 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 22nd day of June, A.D.2011. ATTEST: FIDELITY AND DEPOSIT COMPANY OF MARYLAND ',gyp 94POs�f By: Gregory E. Murray Assistant Secretary Frank E Martin Jr. Vice President State of Maryland I ss: City of Baltimore On this 22nd day of .Tune, A.D. 2011, before the subscriber, a Notary Public of the State of Maryland, duly commissioned and qualified, came FRANK E. MARTIN JR., Vice President, and GREGORY E. MURRAY, Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers described in and who executed the preceding instrument,and they each acknowledged the execution of the same, and being by me duly sworn,severally and each for himself deposeth and saith,that they are the said officers of the Company aforesaid, and that the seal affixed to the preceding instrument is the Corporate Seal of said Company, and that the said Corporate Seal and their signatures as such officers 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 the day and year first above written. ��'tuuu, ,r,� �� Maria D.Adamski Notary Public My Commission Expires: July 8,2015 PDXF 036-0012 EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY OF MARYLAND "Article VI, Section 2. The Chairman of the Board, or the President, or any Executive Vice-President, or any of the Senior Vice-Presidents or Vice-Presidents specially authorized so to do by the Board of Directors or by the Executive Committee, shall have power,by and with the concurrence of the Secretary or any one of the Assistant Secretaries, to appoint Resident Vice-Presidents, Assistant Vice-Presidents and Attorneys-in-Fact as the business of the Company may require, or to authorize any person or persons to execute on behalf of the Company any bonds,undertaking, recognizances, stipulations, policies, contracts, agreements, deeds, and releases and assignments of judgements, decrees, mortgages and instruments in the nature of mortgages....and to affix the seal of the Company thereto." CERTIFICATE I,the undersigned,Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND,do hereby certify that the foregoing Power of Attorney is still in full force and effect on the date of this certificate;and I do further certify that the Vice-President who executed the said Power of Attorney was one of the additional Vice-Presidents specially authorized by the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI, Section 2, of the By-Laws of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND. This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 1 Oth day of May, 1990. RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically reproduced signature of any Vice-President, Secretary, or Assistant Secretary of the Company, whether made heretofore or hereafter, wherever appearing upon a certified copy of any power of attorney issued by the Company, shall be valid and binding upon the Company with the same force and effect as though manually affixed." IN TESTIMONY WHEREOF,I have hereunto subscribed my name and affixed the corporate seal of the said Company, this Z0t" day of M rch , ZA Assistant Secretary ACKNOWLEDGMENT BY SURETY STATE OF Minnesota ss. County of Hennepin On this 9-0_� ► I day of I�'1Q (,(1 !L I q before the personally appeared Ann Higgins known to,me to be the Attorney-in-Fact of Fidelity and Deposit Company of Maryland the corporation that executed the within instrument,and acknowledged to me that such corporation executed the same. IN WITNESS WHEREOF,I have hereunto set my hand and affixed my official seal,at my office in the aforesaid County,the day and year in this certificate first above written. Notary Public in the State f Minnesota County of Hennepin I ERRY A BI-O GETT Notary Public Minnesota My Comnussion Expires 180L) ry 31,2015. S-0230/GE 10/99 XDP