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TR9101-CS 920127 CONSENT OF SURETY COMPANY TO FINAL PAYMENT AIA DOCUMENT G707 OWNER [] ARCHITECT [] CONTRACTOR [] SURETY [] OTHER PROjECT:Traffic Signal Installation, Denton Tap Road at Bethel Road (name, address) Coppel 1, TX TO (Owner) CONTRACTOR: City of Coppell Coppell Town Center Hall 255 Parkway Blvd. k_Coppell~ TX 75019 SIG-OP SYSTEMS, INC. P.O. Box 454 Edmond, OK 73083 ARCHITECT'S PROJECT NO: CONTRACT FOR: Traffic Signal Installation~ Denton Tap Road at Bethel Road CONTRACT DATE: Merchants Bond No. TXCI070 In accordance with the provisions of the Contract between the Owner and the Contractor as indicated above, the (here insert name and address of Surety Company) MERCHANTS BONDING COMPANY 2100 Grand Avenue , SURETY COMPANY, Des Moines, Iowa 50312 on bond of (here insert name and address of Contractor) SIG-OP SYSTEMS, INC. P,0, Box 454 , CONTRACTOR, Edmond, OK 73083 hereby approves of the final payment to the Contractor, and agrees that final payment to the Contractor shall not relieve the Surety Company of any of its obligations to (here insert name and address of Owner) CITY OF COPPELL Coppell Town Center Hall 255 Parkway Blvd., Coppell, TX 75019 as set forth in the said Surety Company's bond. , OWNER, IN WITNESS WHEREOF, the Surety Company has hereunto set its hand this 27th day of January '~9 92 Attest: ~~-~ '/(_./~~'~ (Seal): MERCHANTS BONDING COMPANY Surety Company ?~u~, o~ aA~ed Repre(~ntative Attorney- i n-F act Title NOTE: TI'..~ form is to be used as a companion document to AIA DOCUMENT G706, CONTRACTOR'S AFFIDAVIT OF PAYMENT OF DEBTS ANu C! MMS, Current Edition ,,--~a, AIA DOCUMENT G707 * CONSENT OF SURETY COMPANY TO FINAL PAYMENT * APRIL 1970 EDITION ' AIA® © 1970 * THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., NW, WASHINGTON, D.C. 20006 ONE PAGf T [I O Mer c ants Bonding Company (Mutual) POWER OF ATTORNEY Know All Men By These Presents, that the MERCHANTS BONDING COMPANY (Mutual), a corporation duly organized under the laws of the State of Iowa, and having its principal office in the City of Des Moines, County of Polk, State of Iowa, hath made, constituted and appointed, and does by these presents make, constitute and appoint Keith A. Shideler, D~ight Journey, Bill l~cl/illi~, Gary Liles, Sharla Rhea Ramsey or Patsy A. Payne of and State of its true and lawful Attorney-in-Fact, with full power and authority hereby conferred in its name, place and stead, to sign, execute, acknowledge and deliver in its behalf as surety: Any or all bonds or undertakinEs provided that no bond or undertaktn~ executed under this authority shall exceed in ae~unt the sun of Ol~ 14ILLION lrfVE HKH~)KED THOUSAND ($1,SO0,O00.O0) Dollars and to bind the MERCHANTS BONDING COMPANY (Mutual) thereby as fully and to the same extent as if such bond or undertaking was signed by the duly authorized officers of the MERCHANTS BONDING COMPANY (Mutual), and all the acts of said Attorney, pursuant to the authority herein given, are hereby ratified and confirmed. This Power-of-Attorney is made and executed pursuant to and by authority of the following By-Laws adopted by the Board of Directors of the MERCHANTS BONDING COMPANY (Mutual). ARTICLE 2, SECTION 6A. -- The Chairman of the Board or President or any Vice President or Secretary shall have power and authority to appoint Attorneys-in-Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof. ARTICLE 2, SECTION 6B. -- The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the Company, and such signature and seal when so used shall have the same force and effect as though manually fixed. In Witness Whereof, MERCHANTS BONDING COMPANY (Mutual) has caused these presents to be signed by its Vice President and Executive Vice President, and its corporate seal to be hereto affixed, this &th day of Karch A.D., 19 91 Attest: V/ce PresiCenf STATE OF IOWA COUNTY OF POLK ss MERCHANTS BONDING COMPANY (Mutual) 7.. .... On this 4th day of l~rch , 19 91 , before me appeared M.J. Long and Rodney Bliss III, to me personally known, who being by me duly sworn did say that they are Vice President and Executive Vice President respectively of the MERCHANTS BONDING COMPANY (Mutual), the corporation described in the foregoing instrument, and that the Seal affixed to the said instrument is the Corporate, Seal of the said Corporation and that the said instrument was signed and sealed in behalf of said Corporation by authority of its Board of Directors. In Testimony Whereof, I have hereunto set my hand and affixed my Official Seal, at the City of Des Moines, Iowa the day and year first above written. · : IOWA : '. Notary Public, Polk County, Iowa My Con]mission Expires %"'.. ."~"~ / STATE OF iOWA 11-4-92 %" 2'4 ~"'°L ¢ ." COUNTY OF POLK ss. ·e I A . * * *' ' ' I M J Long, V~ce Pres dent of the MERCHANTS BON DING COMPANY (Mutual),do hereby certi~ t~t~ ~t~ve and foregoing is a true and correct copy of the POWER OF A~ORNE~ executed by said M~B~T~'~DING COMPANY (Mutual), which is still in force and effect. * ~'" ~0 '"'~% In ~tness Whereof, I have hereunto set my hand and affixed the seal of the Company, at this 27th day of January 19, 92 ~:~/ -o// This power of attorney expires ~c~ ~1, ~2 '~' II