Coppell/121 Off Pk-CS090109
~
"Duplicate Original"
MAINTENANCE BOND
Bond No. S-903 2702
STATEOFTEXAS }
COUNTY OF DALLAS }
KNOW ALL MEN BY THESE PRESENTS: THAT Lonestar Underground, Inc.
P.O. Box 506, Frisco TX 75034
Washington International Insurance Company
as Principal,
, a corporation organized
and
under the laws of
Arizona
, as sureties,
do hereby expressly acknowledge themselves to be held. and bound to pay unto the
City of Coppell, TX
a Municipal Corporation, Texas, the sum of
Sixty-Two Thousand Five Hundred and 00/100 - - --
Dollars and
) , for the payment of which sum
. and its successors, said
Cents ($ 62,500.00
will a.nd truly be made unto said City of Coppell, TX
principal and sureties do hereby bind themselves, their assigns and successors jointly and
severally.
TIllS obligation is conditioned; however, that whereas, the said
Lonestar Underground, Inc.
has this day entered. into a written contract with the said
Salyer & Associates, 2557 SW Grapevine Pkwy., #200, Grapevine TX 76051 to build and construct
Water and Sanitary Sewer Utilities Installation, RCP Coppell #1, Ltd, 370 W. Hwy 121, Coppell TX 76304
which contract and the plans and specifications therein mentioned, adopted by the
are hereby expressly made a part thereof as through the same
were written and embodied herein.
WHEREAS, under the plans, specifications, and contract, it is provided that the
Contractor will maintain and keep in good repair, the work herein contracted to be done and
performed, for a period of two (2) years from the date of the acceptance of said work, and to do
all necessary repairs and/or reconstruction in whole or in part of said improvements that should
be occasioned by settlement of foundation, defective workmanship or materials furnished in the
construction or any part thereof or any of the accessories thereto constructed. by the Contractor.
It being understood that the purpose of this section is to cover all defective conditions arising by
reason of defective material and charge the same against the said Contractor, and sureties on this
obligation, and the said Contractor and sureties hereon shall be subject to the liquidation damages
mentioned in said contract for each day's failure on its' part to comply with the terms of said
Maintenance Bond
Page 1 of 2
provisions of said contract. Now, therefore, if the said Contractor shall keep and perform its'
said a.greement to maintain said work and keep the same in repair for the said maintenance period
of two (2) years, as provided, then these presents shall be null and void, and have not further
effect, but if default shall be made by the said Contractor in the performance of its' contract to so
maintain and repair said work, then these presents shall have full force and effect, and said
City of Coppell, TX shall have and receive from the said Contractor and its I principal
and sureties damages in the premises, as provided; and it is further agreed that this obligation
shall be a continuing one against the principal and sureties, hereon, and that successive recoveries
may be and had hereon for successive branches until the full amount shall have been exhausted;
and it is further understood that the obligation herein to maintain said work shall continue
throughout said maintenance period, and the same shall not be changed, diminished or in any
manner affected from any cause during said time.
IN WITNESS WHEREOF, the said Lonestar Underground, Inc.
caused these presents to be executed by
and the said Washington International Insurance Company
be executed by its Attorney in fact and
Krystal Lea Weber has hereunto set his
May ,2005
has
has caused these presents to
the said Attorney in fact
hand, the 20th day of
PRINCIPAL
SURETY
B~on~~d' Inc.
Title: 'lIef., Dt:iJr
Washington International Insurance Company
BY:~. (~~~^--'
Title: Krystal Lea Weber, Attorney-in-Fact
Witness:
WITNESS:
Carol Goodenou
NOTE: Date of Maintenance ROM must not be prior to date of Contract.
Maintenance Bond
Page 2 of 2
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POLICYHOLDER DISCLOSURE
NOTICE OF TERRORISM INSURANCE.COVERAGE
ENDORSEMENT
Coverage for acts of terrorism as defined in 9 102(1) of the Terrorism Risk Insurance
Act of 2002 ("the Act") is already included in this surety bond. You should know that,
effective November 26, 2002, under your existing coverage, any losses caused by
certified acts of terrorism would be partially reimbursed by the United States under a
formula established by federal law. Under this formula, the United States pays 90%
of covered terrorism losses exceeding the statutorily established deductible paid by
the insurance company providing the coverage. The portion of your annual premium
that is attributable to coverage for acts of terrorism is ~
As your insurance/surety company we are sending you this notice.to comply with the Terrorism Risk
Insurance Act of 2002.
For questions regarding this notice please visit our website www.nassuretV.com or you may call our
office at 630- 227- 4825. '
REV: 2/03 agent notice
NAS SURETY GROUP
NORTH AMERICAN SPECIALTY INSURANCE COMPANY
WASHINGTON INTERNATIONAL INSURANCE COMPANY
GENERAL POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, THAT North American Specialty Insurance Company, a corporation duly organized and existing under
laws of the State of New Hampshire, and having its principal office in the City of Manchester, New Hampshire, and Washington International
Insurance Company, a eorporation organized and existing under the laws of the State of Arizona and having its principal office in the City ofItasca,
Illinois, each does hereby make, constitute and appoint:
SAMMY JOE MULLIS, JR., JOHN WILLIAM NEWBY, ROBERT DONALD HURST,
PATRICIA LEE BARTLETT, JULIE STORM, WILBERT RAYMOND WATSON,
CAROLYN J. GOODENOUGH and KRYST AL LEA WEBER,jointly or severally
Its true and lawful Attorney(s)-in-Fact, to make, execute, seal and deliver, for and on its behalf and as its act and deed, bonds or other writings
obligatory in the nature of a bond on behalf of each of said Companies, as surety, on contracts of suretyship as are or may be required or permitted by
law, regulation, contract or otherwise, provided that no bond or undcrtaking or contract or suretyship executed under this authority shall cxcced the
amount of:
TEN MILLION (10,000,000.00) DOLLARS
This Power of Attorncy is granted and is signed by facsimile under and by the authority of the following Resolutions adopted by the Boards of
Dircctors of both North American Specialty Insurance Company and Washington International Insurance Company at meetings duly called and held
on the 24th of March, 2000:
"RESOL VED, that any two of the President, any Exccutive Vice President, any Vice President, any Assistant Viee President, the Secretary or any
Assistant Secretary be, and eaeh or any of them hereby is authorized to execute a Power of Attorney qualifying the attorney named in the given Power
of Attorney to execute on behalf of the Company bonds, undertakings and all contracts of surety, and that each or any of them hereby is authorized to
attest to the execution of any such Power of Attorney and to attach therein the seal of the Company; and it is
FURTHER RESOLVED, that the signature of such officers and the seal of the Company may be affixed to any such Power of Attorney or to any
certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures or facsimile seal shall bc
binding upon the Company when so affixed and in the future with regard to any bond, undertaking or contract of surety to which it is attached."
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l~~"(y ~"'~~ I "'F. ~ \
--"" t.' SEAL i.<t.oS_ !1I: CORPORATE l\!
raul D. Amstutz, Presideat '" Chid Executive omcltr orWalblDe!oa Intenatlonar Insurance CompaD)' '" _ ..
~~;~ 11173 "'!:;~ Vice PreoideDt orNortll Amerlcan Spedalty In.urante Company !J, SEAL f:~
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1/"mllln\\\\\\'\ By .- "''''''u,'''~\
Strna P. Andrnoa, Eleeutlve Vln Presidrat or WahlagloD JDtrrnatiooallasunare Compaay "
Vier Presldeat or Nor1h American Speeialty InSUf8DCe Company
IN WITNESS WHEREOF, North American Specialty Insurance Company and Washington International Insurance Company have caused their
official seals to be hereunto affixed, and these presents to be signed by their authorized offieers this ~day of November ,20..Q!..
North American Specialty Insurance Company
Washington International Insurance Company
State of Illinois
County of Du Page
On this ~ day of November , 20~, before me, a Notary Public personally appeared Paul D. Amstutz ,President and CEO of
Washington International Insurance Company and Vice President of North American Specialty Insurance Company and Steven P. Anderson
Executive Vice President of Washington International Insurance Company and Vice President of North American Specialty Insurance Company,
personally known to me, who being by me duly sworn, acknowlcdged that they signed the above Power of Attorney as officers of and
acknowledged said instrument to be the voluntary act and deed of their respective companies.
ss:
--
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.,,~--.....
~ a-c:Y'~
Yasmin A. Patel, Notary Public
I, James A. Camenter ,the duly elected Assistant Secretary of North American Specialty Insurance Company and Washington
International Insurance Company, do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney given by said North
American Specialty Insurance Company and Washington International Insurance Company, which is still in full force and effect.
IN WITNESS WHEREOF, I have set my hand and affixed the seals of the Companies this 20thday of May
,2005.
~~~~
Jam~ A. ClllpCDlCr, Vice fIQidall &. AssisWlt Sc:cretaJy ofWashiogton Inlernational Insuran~ COIDp"ny &:
Assistant Secretary of North American Specialty Insurance Company
. ...------
IMPORTANT NOTICE
In order to Obtain Information or Make a Complaint:
You may call Washington International Insurance Company and/or North
American Specialty Insurance Company at the following toll-free number:
800/338-0753
or
You may write to them at the following address:
Washington International Insurance Company
NAS Surety Group
1200 Arlington Heights Road #400
Itasca, IL 60143
You may also contact the Texas Department of Insurance to obtain information on
companies, coverages, rights or complaints at:
800/252-3439
You may write the Texas Department of Insurance at the following address:
POBox 149104
Austin, TX 78714-9104
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