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Home My WebLink AboutBOND LETTER - 05-00470 - Walgreens - New Building December 11, 2006 City of Rex burg Attention John Millar POBox 280 Rexburg, ID 83440 RE: Rexburg Walgreen's Dear John: Edstrom Construction, Inc 2880 West 3200 South Rexburg, Idaho 83440 Phoue: (208) 356-3577 Fax: (208) 356-3639 As per your request, please find the enclosed pelfOlmance bond in the amount of $20,000 for sewer line to be repaired at the Rexburg Walgreen's in the spring of 2007 Sincerely, c~4-- Lisa Coles Office Manager Enclosure BOND BOND # 929392827 KNOW ALL MEN BY THESE PRESENTS, That we, Edstrom Construction. Inc.. 2880 H 3200 S. Rexburg. TO 83440 ,as Principal, and _1:ies1e.m Surety Compilny , a Corporation of the State of South Dakota _ _.' as Surety, are jointly and severally held and firmly bound unto Ci tv of Rexburq , as Obligee, in the sum of TWENTY THOllSAND AND NOll 00 DOli ARS ($?O .000. 00) lawful money of the United States of America, for which payment well and truly to be made, we bind ourselves, our executors, administrators, heirs, successors and assigns, jointly and severally by these presents WHEREAS, the Principal has been requested to replace approximately 80 feet sanitary sewer line and related work at the Rexburg Walgreen's store as described in the letter from the City of Rexburg dated December 5, 2006 In no event, shall the obligation under this bond exceed the penal sum of the bond NOW, THEREFORE, if the said Principal shall satisfactorily complete the required replacement by June 1, 2007, then this obligation shall be null and void; otherwise, it shall remain in full force and effect The Surety may at any time terminate its liability by giving thirty (30) days written notice to the Obligee, and the Surety shall not be liable for any default after such thirty day notice period, except for defaults occurring prior thereto Signed, sealed and dated this 7th dav of December. 2006 Edstrom J t--___ 1 By. ' .lnda .In.c.....__~ PrinCipal Western Suretv Comoanv Surety By: 05#3632440 Western Surety Company POWER OF ATTORNEY APPOINIING INDIVIDUAL AIlORNEY-IN-FACT Know All Men By Tbese Pr'esents, That WESTERN SURETY COMPANY, a South Dakota corporation. is a duly organized and existing corporation having its principal office in the City of Sioux Falls, and State of South Dakota, and that it does by virtue of the signature and seal herein affixed hereby make, constitute and appoint Carolyn L Gal'l'etson, Br'adley K Nielson, Peggy D Lowe, Charles E Thomas, Individually of Idaho Falls ID. its true and lawful Attomey(s)Min-Fact with full power and authority hereby conferred to sign, seal and execute for and on its behalf bonds, undertakings and other obligatory instruments of similar nature - In Unlimited Amounts- and to bind it thereby as fully and to the same extent as if such instruments were signed by a duly authorized officer of the corporation and all the acts of said Attorney, pursuant to the authority hereby given. are hereby ratified and confinned Ihis Power of Attorney is made and executed pursuant to and by authority of the By-Law printed on the reverse hereof, duly adopted., as indicated, by the shareholders of the corporation ]n Witness Whereof, WESlERN SURETY COMPANY has caused these presents to be signed by its Senior Vice President and its corporate seal to be hereto affixed on this 2nd day of November, 2006 ~~ {~()..?O~~i\ ~:~(,j (f'r:J ~.;~~:~,;jlj ~ WESTERN SURETY COMPANY +?/.z~~~cep"Sidenl State of South Dakota County of Minnehaha } 5S On this 2nd day of November, 2006 before me personally came Paul 1 Bruflat. to me known, who, being by me duly sworn, did depose and say: that he resides in the City of Sioux Falls State of South Dakota; that he is the Senior Vice President of WESTERN SURETY COMPANY described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said corporation and that he signed his name thereto pursuant to like authority, and acknowledges same to be the act and deed of said corporation November 30, 2012 +~~~~~~~~~~~~~~~~~~~~~~~~+ ~ D. KRELL ~ , , j~NOTARY PUBLIC~f .r SOUTH DAKOTA .r , , +~~~~.............................................. + ~ ~PUbliC My commission expires CERIlFlCAIE I, l Nelson, Assistant Secretary of WESlERN SURETY COMPANY do hereby certify that the Power of Attorney hereinabove set forth is still in force, and further certify that the By-Law ofthe corporation printed on the reverse hereof is still in force In testimony whereof I have hereunto subscribed my name and affixed the seal of the said corporation this 7th day of December', 2006 /.If!."~> ....yo:,;-- ~ ~ 'D ~~~O.4~\\ :W\ 1~1 \l:J....~~A"/;i ,ftJi;,.D~i.o"'" WESTERN SURETY COMPANY g. ~-{~15~Seccet&y Form F4280-09-06