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ST8601-CS 880805APAC-Texas, Inc. · Texas Bitulithic Division * 2121 Irving Boulevard · RO. Box 565365 Dallas, Texas 75356 · (214) 741-3531 August 5, 1988 City of Coppell P.O. Box 478 Coppell, Texas 75019 Attention: Steve Morton RE: Intersection of Belt Line Road and MacArthur Blvd. Riverchase, Coppell, Texas Dear Mr. Morton: Please find enclosed the required Maintenance Bond relative to our paving improvements on the above referenced job. Also attached is our Surety's Power of Attorney. If anything further is needed, please advise. /pav Encl. Very truly yours, APAC-Texas, Inc. Texas Bitulithic Division Patricia A. Vail Division Secretary cc: Terra Company INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS, That we, Texas Bitulithic Company a Division of APAC-Texas, Inc. hereinafter called the Principal, and INSURANCE COMPANY OF NORTH AMA~ICA~ ~ Pennsylvania Corporation, with principal offices at Philadelphia, Pennsylvania, hereinafter called the Surety, are firmly bound unto the City of Coppell, Texas. , in the 15u_ll and Just sum of SEVENTY-THREE THOUSAND SIX HUNDRED FORTY-THREE AND 67/100 $73,643.67 · lawfu_lmoney of the United States of America, to be paid to the said City of Coppell , to which payment well and truly to be made, we bind ourselves, our heirs, executors~ administrators, and successors~ jointly and severally, firmly by these presents. Sealed with our seals and dated this 5th day of November , 19 87. WHEREAS, THE ABOVE bounded Principal entered into a contract with the Riverchase Joint Venture dated 8/8/86 for paving the intersection of Belt Line Rd. and MacArthur Blvd., in the Riverchase, Coppell, Texaa. NOW, T~t~tEFORE, the condition of this obligation is such that if the above bounded Principal shall remedy without cost to the said City of Coppell any defects which may develop during a period of one (1) year~E~ from the date of completion and acceptance of the work performed under said contract provided such defects are caused by defective or inferior materials or workmanship~ then this obligation shall be void; otherwise it shall be and remain in ~ force and effect. IN WITNESS WHt2REOF, the said Principal and Surety have duly executed this bond under seal the day and year above written. ATTEST: WILI~RD WEBB, ~'D~VISION CONTROLLER WITNESS: Texas Bitulithic Company a Division of APAC-T~as, Inc. K. C. ROCHELLE, DIVISION VICE PRES. INSURANCE COMPANY OF N0]TI~t AMERICA J~i~ce G. Correy, At~t~ney-in-Fact BS-5049 Ptd. in U.S.A. 142096 ¥.OF-NORTH AMERICA. a corDoranon >~ the 3hlladelDhia, Pennsylvania, oursuant to the following Resoluuon to'wit: nereby::h~ominate,':c~n~tit~t~ ~"d ap~'~nt: H'..'A:.: ':GiBSON~ JOE BRUCE ~ W'. LAWRENCE BROWN, JANI CE G. CORREY, D0~OTHY: VALEK', L~ RAY PIT~S; JR; ~ KA~HLEEN DAY, WILLIAM D. BALDWIN, and PAMELIA ?~-,=v all'of ~he Cit~ of Dallas, State of Texas- individually if there be:more than one named, its true and lawful attorney-in-fact, to make, execute, seal an(] (3surer on ~ts penal1 and deed any. and ell bonds, undertakings, recognizances; contracts and other writings in the nature thereof. And the Inca of these presents, shall be as binding upon said Company, as fully an(: ampw as ~f they ~a(] peen ~y executed and acknowledged by the regularl~ electea officers of the Company at its principal office. IN WITNESS WHEREOF, the said John B. Fitzgerald. Jr.. Vice-President has hereunto subscribed h~s name an~ efhxed the COMPANY OF NORTH AMERICA th~s 26ch oay of Feb~ary 19~ : / - INSURANCE COMPANY OF NORTH AMERICA PHILADELPHIA~ ss. On this ' 26th ' day of February A.D. 19 87 . before me. a Notary Pubhc of e Commonwealth of ~ennsylvania inand for the County of PhiladeInhm came John B. Fitzgerald. Jr., Vice-President of the INSURANCE OMPANY OF NORTH AMERICA to me personally known to be the individual and officer who executed the preceamg instrument, aha ne :knowledgea that he executed t.e same, and that t~e seal affixed to the preceamg instrument is the cormorate seal of said Company; seal and his signature were duly affixed by the authority and direction of the said corDorehon, and that Resolution dopted by t of saidCompany, 'starred to in the preceding ~nstrument ~s now ~n force. Rohana - No~ry PUblic ' /~ ~ , .~ ~ : ,PhiladeLphia. Philadelphia Cpunty,~ Pa; ~~~~~ .~, " Ex~ires August 2O,;~L[A ~NA ROH~A Not.ry Public ~ COMPANY OF NORTH AMERICA, do hereby certify that the ongma POWER OF ~ A~ORNEY. f~ll. true'ana correct copy, is ~n full force and ~ffect.' ~ have hereunto subsor bed ~y name as Secreta~;'and ;fl xed he corporate seal of the Co~porahon, th~s ;' 5th' '~ ' ' ~'~. Nov&mber r ~7 ; ~ ' ";' ' " ' James S Wy lie ~ ~Secret.ry