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Home My WebLink AboutRESOLUTION - 53-80 - 5/27/1980 - SHENANDOAH/LANCER MAINTENANCE BOND RESOLUTION N0. 53-80 A RESOLUTION ACCEPTING A ONE YEAR INTERIM MAINTENANCE BOND NO. 2200581 FROM NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS IN THE AMOUNT OF $10,700.00 FOR THE COMPLETED OFF-SITE LIFT STATION, FORCEMAIN AND WATER MAIN AT THE SHENANDOAH (LANCER) SUBDIVISION NOW, THEREFORE , BE IT RESOLVED, by the President and Board of Trustees of the Village of Elk Grove Village, Counties of Cook and DuPage, State of Illinois: Section l : That the President and Board of Trustees do hereby authorize acceptance and placing on file of an Interim Maintenance Bond No. 2200581 in the amount of $10,700.00, expiring April Il , 1981 , from National-Ben Franklin Insurance Company of Illinois, guaranteeing the maintenance for one year of the completed off-site lift station, forcemain and watermain at the Shenandoah (Lancer) Subdivision Phase I . As shown on Engineering Plan No. 6859-1 , as revised, dated May 23 , 1978, prepared by Elk Grove Engineering Company. Section 2: That this resolution shall be in full force and effect from and after its passage and approval according to law. PASSED this 27th day of May 1980. APPROVED this 27th day of May 1980, Charles 1. 7ett k Village President ATTEST: Fay M. Bishop Village Clerk National-Ben Franklin Insurance Company of Illinois 80 Maiden Lane, New York, New York 10038 GENERAL POWER OF ATTORNEY Kncw all men by these Presents, That NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS has matte constituted and appointedand by these presents does makeconstitute. and appoint C- W. Olson, Jr, or K. R. Leander or A. Kales or Lawrence J. Coyne or George B. Brack all of Chicago, Illinois, EACH. Its true and lawful attorney for it and it, Its nameplace, and stead to execute on behalf of the said Company, as surety,bonds, undertakings and contracts of suretyship to be given to all obligees provided that no band nr undertaking or Contract Of suretyship executed under this authority shall exceed to amount the sum of Five Million ($5,000,000. ) Dollars. This Power of Attorney Is granted and Is signed and sealed by facsimile under and by the authority of the following Resolu- Uon adopted by the Board of Directors of NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS on the 26th day of February, 1975. RESOLVED that the Chairman of the Board the V,,A Chairman of the Board the President.an Executive Vice President or a Senior vice Pres- di,ol or a Vice Piessdend of thn Cori be and Butt each or any of them hereby is,authorized to execute Powers of Attorney qualifying the attor- ney named in the given Power of Attorney to execute in behalf of NATIONALBENFRANKLIN INSURANCE COMPANY OF ILLINOIS,bonds.under- takings and all contracts of suretyshipand that an Assistant vice President.a Secretary or an Assistant Secretary be,and that each or any of them here- by is authorized to attest the execution of any such Power of Attorney and to attach thereto the seal of the company FURTHER RESOLVED that the signatures of such officers and the seal of the Company may be.tuned to any such Power of Attorney or to any erhficate reiahng thereto by tacsimue and any such Power of Attorney or Certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company when so affixed and in the future with respect to any bond, undertaking or contract of suretyship to which it is attach- ed In Witness Whereof, NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS has caused its official seal to be hereunto affixed, and these presents to be signed by one of its Vice Presidents and attested by one of its Assistant Vice Presidents this 22nd day of April, 1978. Attest NATIONAL-BEN •'.,FRANKLIN INSURANCE COMPANY OF ILLINOIS Morns L Ford Assistant Vice President•---/'/' STATE OF NEW YORK. R K Ruesch. Vice-President COUNTY OF NEW YORK. On this 22nd day of April, 1978, before me personally came R. K. Ruesch, to me known, who being by me duly sworn, old depose and say that he resides In New Providence, in the County of Union, State of New Jersey, at 35 Alden Road; that he is a Vice President of NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS, the corporation described In and which executed the above instrument, that he knows the seal of the said corporation; that the seal affixed to the said Instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by like order. E}. ♦�o - rv'J 1PN Y'.0= ETHEL TARANTO NOTARY PUBLIC.State of New York CERTIFICATE No 24 46631170ual.Inxmgs County Commission Elarres March 30, 1980 I. the undersigned. an Assistant Secretary of NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF ILLINOIS, an Illinois corporation. DO HEREBY CERTIFY that the foregoing and attached Power of Attorney remains in full force and has not been revoked, and furthermore that the Resolution of the Board of Directors. set forth in the said Power of Attorney, is now In force. /l _/1 Signed and sealed at the City of Ne,v York Dated the day of l xypC � 1199�j��'L �• •`� James M 1Kii Arsustant�Secretary ss BOND a315F _ res Printed In U S A. A Bond No. BND 220 05 81 . u Maintenance Bond KNOW ALL MEN BY THESE PRESENTS: That we, SCULLY, HUNTER & SCULLY, INC. , 115 E. Scully Drive, Schaumburg, IL 60193 555111 hereinafter called the Principal, ' and National-Ben Franklin Insurance Company of Illinois hereinafter called the Surety, a corporation organized under the laws of the State of �5 Illinois with its home office in the City of New York, NY in the said 1x1 II State, are held and firmly bound unto the VILLAGE OF ELK GROVE, ILLINOIS I6l� hereinafter called the Obligee, in the sum of Ten Thousand Seven Hundred and No/100 ($10,700.00)---------------- ----- for the payment whereof to the Obligee, the Principal binds itself, its heirs, executors, administrators successors and assigns, and the Surety binds itself, its successors and assigns, jointly and severally, firmly by these presents. Signed, sealed and dated this 11 day of April 1980, Whereas, the principal Scully, Hunter & Scully, Inc. has constructed Lift Station, Force Main and watermain Improvements for the Shenandoah Subdivision Phase I, Elk Grove, IL per Engineering Plans No. 6859-1, dated May 23, 1978, and as revised, prepared by Elk Grove Engineering Company, Elk Grove, Illinois Whereas, said Obligee requires that the Principal shall furnish a bond conditioned to guarantee against all defects, workmenship and materials during a period of One (1) year from the effective date of this bond. NOW, THEREFORE, the condition of the foregoing obligation is such that if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of the Principal's failure to comply with any of the conditions of this guarantee, then this obligation shall be void; otherwise it shall remain in force. SCULLY, HUNTER & SCULLY, INC. Principal By: NATIONAL-BEN FRANKLIN INSURANCE COMPANY OF Surety ILLINOIS By: �Kales, torney �fxlf Y (_.l 4438.BOND I� 1 K�.Y��ouoc rouoc�ouo+x�x=—x��x�x��ouocVG&yYft