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O-2006-2940
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O-2006-2940
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Last modified
11/2/2016 3:39:20 PM
Creation date
5/5/2008 3:43:38 PM
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Legislative Records
Legislative Type
Ordinance
Date
9/11/2006
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<br /> City <br /> Oept. ~ <br />9. On the bond: <br /> (a) The date that the Principal(s) and surety(s) ~ <br /> sign cannot precede the date the Contract <br /> was "made and entered into". <br /> (b) Name of corporation must be listed exactly /; <br /> as it was listed on the Contract. <br /> (c) Have the President or Vice-President of the )/ <br /> Corporation sign the Contract. An authorized <br /> person must sign the bond. <br /> (d) Type the name of the officer signing. ~/ <br /> (e) The Agent for Service should be located in /V <br /> the same county as the municipality. The <br /> agent may be either a person or business. <br /> (f) Surety's seal (which is the seal of the bond J <br /> company) must appear under the surety's <br /> signature. All corporate sureties have seals. ./ <br /> (g) Make sure the seal is the bond company's <br /> seal, not a notary's seal. The seal may be ); <br /> a facsimile seal, unless the instrument states <br /> otherwise. <br /> (h) The writing on the surety's seal must be legible. ..,Iv' <br /> <br />Power of Attorney (The corporation will provide these <br />forms, which are not standard.) <br /> <br />10. <br /> <br />Is the person who signed as the surety on the / <br />Performance and Payment Bond listed on the Power J./J <br />of Attorney as an Attorney-in Fact? <br /> <br />11. <br /> <br />The corporation's seal should be stamped on the <br />Power of Attorney. A facsimile seal (a preprinted L <br />seal) is acceptable unless the Power of Attorney <br />states it is not acceptable. <br /> <br />12. <br /> <br />Check Notary's signature and seal. Are they <br />legible? Is it the proper seal, Le., a notary's seal, <br />not the insurance company's seal? Was the <br />notary's commission valid when signed? (Read the <br />docutment to s) ee if it states that the seal of a notary I. . <br />mus appear. <br />
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