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HomeMy WebLinkAboutFlorida Industrial Electric Labor and Materials Payment Bond -2002 05 03~. • Bond No. 81889062 SECTION 00620 LABOR AND MATERIALS PAYMENT BOND FORM Florida Industrial Cor oration THIS INSTRUMENT WITNESSETH: That we (1) Electric. Inc. a (2) P organized under the laws of the State of Florida and regularly authorized to do business in the State of (g) Florida as Principal, ~~avvnd we (4) a eral Insurance a (2) Corporation organized under the laws of the State of Indiana a ~t egota-Winteorized to do usiness in the State of (3) Florida as Surety, are held and firmly bound unto (5) hereinafter called the Owner in accordance with a Contrad hereinafte referred to, in the penal sum of (6) * (See Below) Dollars ($116, 629. $wful money of the United States, well and truly to be paid unto the said Owner, for the payment of which we bind ourselves, our heirs, executors, administrators, successors and assignees, jointly and severally, firmly by these presents. WHEREAS, the said principal has entered into a written Contrad with the Owner dated for work designated as Signalization located inWinter Springs conformity with Contract Documents hereby referred to and made a part hereof, the same to all intents and purposes as if written at length herein, in which Contract the said Principal has contracted to perform the work specified in said Contract in accordance with the terms thereof; NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully satisfy all claims and demands incurred by the Principal of said Contrad, and shall pay all obligations arising thereunder, and shall fully indemnify and save harmless the Owner from all cost and damage which the Owner might suffer by reason of th failure of the Principal to do so, and shall fully reimburse and repay to the Owner all costs, damages, and expenses which the Owner may incur in making good any default by the Principal, and. shall promptly make payment o prevailing wages to all persons supplying labor, equipment or materials for use in the prosecution of the work, whether by subcontractor or otherwise, and including all insurance premiums on said work as provided for in such Contract, then this obligation shall be null and void, otherwise it shall remain in full force and effed. IN ADDITION, the Principal and Surety, jointly and severally, expressly guarantee that the Owner will be held harmless from any liens, claims, demands or obligations in conjundion with materials or services provided with resped to this Contract. This bond shall remain in effed for a period of one year from the date of final acceptance, The Owner may sue on this Bond, and any person furnishing material or performing labor, either as an individual or as a Subcontractor, shall have the right to sue on this Bond in the name of the Owner for his use and benefit. The said Surety, for value received, hereby stipulates and agrees that no change, extension of time, altdration or addition to th terms of the Contract or to the Work to be performed thereunder or the Contract Documents accompanying the same shall in any way affed its obligations on this Bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Contrad or to the Work or to the Contract Documents. PROVIDED, FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right of an beneficiary hereunder, whose claim may be unsatisfied. (1) Contractor (2) Sole Proprietor, Partnership or Corporation (3) State in which project is located (4) Surety (5) Owner (6) 100 percent of the Contract * One Hundred Sixteen Thousand Six Hundred Twenty Nine Dollars & 29/100*** 20 '1. t~~ • • IN WITNESS WHEREOF, this instrument is executed in several counterparts, each one of which shalt be deemed an original, this the day of , 30_ (S By: ~ ,~ -~ Title: 0~ ~~'% (SEAL TifTe: ~- ,~- (Attomey in Fact) Be (1) Contractor (2) Surety END OF SECTION Countersi ture: By: Richard E. Daniels rly A. Ireland 21 '~ p EA Federal lnsuranc>: Camp Attn.: Surety Department C~Ub~3 ~F -Vigilant Insurance Com~i ~6 iliiountain View Road SU~2~ ATTORNEY Pacific Indemnity Company 1Narren, NJ 07069 Know Aft by These Presents, That FEDERAL INSURANCE COMPANY, an Indiana corpaatiort, VIGILANT INSURANCE COMPANY, a New York corporation, and PACIFIC INCE~INITY COMPANY, a Wisconsin corporation, do each hereby constitute and appcint Marc W . Boots , Joy Hajovsky, Morris D. Plagens, Jr., Amy Sustaire, James R. Donnelly, Jr. and Beverly A. Ireland of Houston, Texas--------------------------------------------- each as their true and lawful Attomey-in-Fact to execute under such designation in their names and to afttx their corporate seals to and deliver for and on their behalf as surety thereon or otherwise, bonds and undertakings and other writings obligatory in the nature thereof (other than bail bonds) given or executed in the course of business, and any instruments amending or altering the same, and consents to the modification or alteration of any instrument referred to in said bands or obligations. In Witness Whereof, said FEDERAL INSURANCE COMPANY, V1GIl..APIT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY have each executed and attested these presents and affxed their corporate seals on this 3rd day of May(,~2002 1 (^U nneth C. Wendel, Assistant Secretary l' Fra k E. Robertson, Ice Pr ident STATE OF NEW JERSEY as. County of Somerset On this 3rd day o/ May, 2002 before me, a Notary Public of New Jersey, personally came Kenneth C. Wendel, to me known to be Assistant Secretary of FEDERAL INSURANCE COMPANY, V1GIUIM INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY, the companies which executed the foregoing Power of Attomey, and the said Kenneth C. Wendel being by me duly swam, did depose and say that he is Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY and knows the corporate seals thereof, that the seals afruted to the foregoing Power of Attomey are such corporate seals and were thereto afTxed by authority of the By-Laws of said Companies; and that he signed said Power of Attomey as Assistant Secretary of said Companies by like authority; and that he is acquainted with Frank E. Robertson{ and knows him to be Vice gre3i$~f rapid Companies; and Ihat the signature of Frank E. Robertson, subscribed to said Power of Ariomey is in the genuine handwriting o[ Frank E. Fi~b'erts8~~ altd wgs.~fdyelo subscribed by authority of said By-Laws and in deponents presence. Nblarfal seal •••9 • TAfWAi1 L NI.SHIMl1AA " z : R Y • : ~Y iputrYc, t3tate d Nnw Jersey ,' ~ + ~ ~'~ : w ~ f~fiRsd ~NeMt Jassy Notary Public r ° P U ~~'~G :• ~ r ~ Expires ~- 8' ~RTIFICATION ~'„F~d.t~~m ttLerBy`Ce~if(rs of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY: -%•a~l ~paetS 5~~ttemey for and on behalf of the Company may and shall be executed in the name and on behalf of the Company, either by the C~'ainrtan~rYtte President or a Vice President or an Assistant Vice President, jaintty with the Secretary or an Assistant Secretary, under their respective designations. The signature of such officers may be engraved, printed or Ilthographed. The signature of each of the following oKcers: Chairman, President, any Vice President, any Assistant Vice President, any Secretary, any Assistant Secretary and the seal of the Company may be affixed by facsimile to any power of attorney or to any ce~cate relating thereto appointing Assistant Secretaries or Attorneys-in-Fact for purposes only of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof, and any such power of attorney or certificate bearing such facsimile signature or facsimle seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding upon the Company with respell to any bond or undertaking to which lt is attached.' I, Kenneth C. Wendel, Assistant Secretary of FEDERAL INSURANCE COMPANY, VIGILANT INSURANCE COMPANY, and PACIFIC INDEMNITY COMPANY (the'Campanies') do hereby certify that (~ the foregoing extract of the 8y-Laws of the Companies is true and correct, (ii) the Corpanies are duly icer>,sed and authored to transact surety txarness n all 50 of the United States of America and the District of Cdumbia arxf are auttxx¢ed try the U. S. Treasury Departrrtent further, Federal and Vgilarlt are licensed in Puerto Rico and the U. S. Virgin Islands, artd Federal is Gcertsed in American Samoa, Guam, and each of the Provinces of Canada except Prince Edward Island; and (ii) the foregoing Power of Attomey is true, correc! and in full force and effect. Given under my hand and seals of said Companies at Warren, NJ this day of ~gV~NCF ~' CO w ~s ? v- Y ~DIA?t* ~+°W~m r ~~~`~stuau4 G -,e- • '~15(OMr~' ,.~ f'rR~.'``~,~ 3 do u+ i? . ~, ~MEw Yoa~~- Kenneth C. Wende ssistant Secretary IN THE EVENT YOU WISH TO NOTIFY US OF A CLAIM, VERIFY THE AUTHENTICITY OF THIS BOND OR NOTIFY US OF ANY OTHER MATTER, PLEASE CONTACT US AT ADDRESS LISTED ABOVE, OR BY Telephone (9C~i?) 903-3485 Fax (908) 903-3656 a-mail: suretyt~chubb.com 15.10-0225lEd.4991 GONSEtd'