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Home My WebLink About0042 Airport Road - Landscaping - 2/27/2012 (4)Westchester Fire Insurance Company CONTRACT BOND Bond No.: K08461454 KNOW ALL MEN BY THESE PRESENTS, That we, Neagley & Chase Construction Company as Principal, and the WESTCHESTER FIRE INSURANCE COMPANY, as Surety, are held and firmly bound unto City of South Burlington, Vermont as Obligee, in the penal sum of Twelve Thousand Five Hundred and 00/100 Dollars ($12,500.00 ),for the payment of which sum, well and truly to be made, the Principal and Surety bind themselves, their heirs, administrators, executors, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, The Principal has entered into a certain written contract with the Obligee, dated February 27, 2012 in accordance with the terms and conditions of said contract, which is hereby referred to and made a part hereof as if fully set forth herein. PROVIDED, HOWEVER, by acceptance of this bond, Obligee acknowledges and agrees that this bond only covers a term beginning February 27, 2012 and ending February 27, 2014 regardless of the number of years the aforesaid contract shall cover or be in force, and not withstanding anything in the aforesaid contract to the contrary. Such term any be continued from year to year by the issuance of a continuation certificate executed by the Surety. If such term is so continued, the liability of the Surety for each successive term shall not be cumulative, but rather, the liability of the Surety shall be limited to the penal amount of this bond for the entire period of time which such bond may be in effect pursuant to such continuation certificates. Failure to renew said bond shall not constitute a default under the contract. Any suit under this bond must be instituted before the expiration of two (2) years from the date on which final payment falls due. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That, if the above bounden Principal shall well and truly keep, do and perform, each and every, all and singular, the matters and things in said contract set forth and specified to be by the said Principal kept, done and performed at the time and in the manner in said contract specified, and shall pay over, make good and reimburse to the above named Obligee, all loss and damage which said Obligee may sustain by reason of failure or default on the part of said Principal then this obligation shall be void; otherwise, it shall remain in full force and effect. SEALED with our seals and dated this 27th day of February 20 12 NEAGLEY & CHASE CONSTRUCTION COMPANY Principal BY WESTCHESTER FIRE INSURANCE COMPANY eC. -4., BY: Adam sl�a,-Atforne--Tn--Facf- F Power Of WESTCHESTER FIRE INSURANCE COMPANY i Attorney � Know all men by these presents: That W ESTCHESTER FIRE INSURANCE COMPANY, a corporation of the Commonwealth of Pennsylvania pursuant to the following Resolution, adopted by the Board of Directors of the said Company on December 11, 2006, to wit 1 `RESOLVED, that the following atnhorizations relate to the execution;: for and on behalf of the Company, of bonds, undertakings, recogni<ances, contracts and other written commitments of the Company entered into the ordinary course of business (each a 'Wntten Commitrent'): :. (I) Each of the Chairman, the President and the Vice Presidents of the Company is hereby authorized to execute any Wntten Commitment for and on behalf of the Company, under the seal of the Company or otherwise (2) Each dui} appointed artomey-in-fact of the Company is hereby authonzed to execute any Witten Commitment for and on behalf of the Company, under the seal of the Company or othero ise, to the extent that suchaction is authorized by the grant of pothers prodded for in such persons written appointment as such attornev-in-fact . (3) Each of the Chairman, the President and the Vice Presidents of the Company is hereby authorized, for and on behalf of the Company, to appoint in writing any. person the atomey-indact of dye Company with full power and authority to execute, for and on behalf of the Company, under the seal of the Company or othemise, such Written Conimiunams of the Company as inay be specified in such written appointment, which specification may beby general iype or class of Written Commitments or by specification of one or more part, cut ar Written Commitmems (4) Each of the Chairman, the President and Vice Presidents of the Company in hereby authorized, for and on behalf of the Company, to delegate in writing any other officer of the Company the authon15 to execute, for and on behal rof the Company, under die Company's seal or otherwise. such Written Commitments of the Company mare specified in such written delegation, which specification may be by general type or class of Written Commitments or byspecifi cation of one or more particular Written Commitments. (5) The signature of any officer or miter person executing any Written Commitment or appointment or delegation pursuant to this Resolution, and the seal of the Company, may be affixed by facsimile on such Written Commitment or written appointment or delegation. t URT iER RESOLVED, that the foizgomg Resolution shall not be deemed to be an exciusiy e statement of the powers and authority of olftGgrs, employees and other persons to act for and on behalf of the Company, and such Resolution shal not limit or otherwise affect&e exercise of any such power., authority otherwise validly granted of vested Does hereby nominate, constitute and appoint Adam COsha, Christine M Slocum, Danielle M Martin, Sandra Delisle, all of the City of RU'CLAND, Vermont, each individually if there be more than one named, its true and lawful attorney -in -fact, to make, execute, seal and deliver on its behalf, and as its act and deed any and all bonds, undertakings, recognizances, contracts and other writings in the nature thereof in penalties not exceeding Ten mill ion dollars & zero cents ($10,000,000.00) and the execution of such writiugs in pursuance ofthese presents shall be as binding upon said Company, as fully and amply as if they had been duly executed and acknowledged by the regularly elected officers'of the Company at its principal office, IN W ITN2`SS WHEREOF, the said Stephen M. Haney, Vice -President, has hereunto subscribed his name and affixed the Corporate seal of the said WESTCHESTER f FIRE INSURANCE COMPANY this 5 day of April 2011 WESTCHESTER FIRS: INSURANCE COMPANY i .err .5t£PN" M Hanky, Vice Ptelidcnt COMMONWEALTH OF PENNSYLVANIA COUNTY OF PHILADELPHIA ss. On this 5 day of April, AD. 201 I before me, a Notary Public ofthe, Commonwealth of Pennsylvania tit and for the County of Philadelphia came Stephen M Haney ,Vied -President of the WESTCHESTER FIRE INSURANCE COMPANY to tine personally known to be the individual and officer who executed the preceding instrument, and lie acknowledged that he executed the same, and that the seal affixed to the preceding instrument is the corporate seal of said Company, that the said corporate seal and his signature were duly affixed by the.authority and direction of the said corporation, and that Resolution, adopted by the Board of Directors of said Company, referred to in the preceding instrument, is now in force. IN TESTIMONY WHEREOF, I'have hereunto set my hand and affixed my official seal at the City of Philadelphia the day and year first above written. {�'{j L +),y�, Gf)Mdi<7ttYVL'hk.TMdKtK7Nd�Y1.'MAfWA 1 E AiCCai WiO NTI K+. 4 A Jcsas�� 4 I i A # ,aftlrA. x^c` j �%rrclot+��> � jvc.r7tvnru A I, the undersigned Assistant Secretary of the WESTCHESTER FIRE INSURANCE COMPANY, do hereby certify "that the original POWER OF ATTORNEY, of which the foregoing is a substantially true and correct copy, is in full force and effect. 2 Tt�In witness t1 hereof; I have hereunto subscribed my name as Assistant Secretary, and affixed the corporate seal of the Corporation, this ay of FE b r., c3T y , 2O 1 i i y _ �1Yfi7�L. Kxl:}, siSsiN4r*t .ecYCtmy� i THIS POWER OF ATTORNEY MAY NOT BE USED TO EXECUTE ANY BOND WITH AN INCEPTION DATE AFTER April 05, 2013. I( I I 1 0 THE BACK OF THIS DOCUMENT LISTS VARIOUS SECURITY FEATURES 0 THAT WILL PROTECT AGAINST COPY COUNTERFEIT AND ALTERATION. E 005841364