1996-1001_PARSANS CONSTRUCTION COMPANY_Labor & Materials Bond LABOR AND MATERIALS L....AD BOND# CA705282
PREMIUM: $4, 280. 00
KNOW ALL MEN BY THESE PRESENTS: That
WHEREAS, the City of San Juan Capistrano, a municipal corporation of
Orange County, California, has awarded to PARSANS CONSTRUCTION
COMPANY , License No. 511415
hereinafter designated as "Principal", a contract for 1-5 FREEWAY SOUNDWALLS
ADJACENT TO SAN JUAN CAPISTRANO SCHOOL
AND CASITAS CAPISTRANO and
WHEREAS, said Principal is required to furnish a bond in connection with the
said contract providing that if said Principal, or any of his or its sub-contractors, shall fail
to pay for any materials, provisions, provender or other supplies or teams used in, upon,
for or about the performance of the work contracted to be done, or for any work or labor
done thereon of any kind, the Surety or this bond will pay the same.
NOW, THEREFORE, we PARSANS CONSTRUCTION COMPANY
Principal, and MERCHANTS BONDING COMPANY (MUTUAL) �
as Surety are held firmly bound unto the City of San Juan Capistrano a municipal
TWO HUNDRED EIGHTEEN THOUSAND SIX HUNDRED
corporation, in the penal sum of FORTY SEVEN DOLLARS AND 40/100.
DOLLARS ($ 218, 647. 40 ), lawful money of the United States of America, for
payment of which sum well and truly to be made we bind ourselves, our heirs, executors,
administrators and successors, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that, if said Principal, his or
its heirs, executors, administrators, successors or assigns, or sub-contractors, shall fail :o
pay for any materials, provisions, provender, or teams, or other supplies or equipment urea
in, upon, for or about the performance of the work contracted to be done, or for any work
or !abor done thereon of any kind, or for amounts due under the Unemployment Insurance
Act with respect to such work or labor as required by the provisions of Title 1, Division
Chapter 3 of the Government Code of California as amended, that the Surety will pay for
the same in an amount not exceeding the sum specified in this bond and also in case suit .s
brought upon the bond, a reasonable attorney's fee to be fixed by the court. This bond
LM-I
ALL-PURPOSE ACKNOWLEDGMENT
State of CALIFORNIA CAPACITY CLAIMED BY SIGNER
County of LOS ANGELES ElINDIVIDUAL(S)
Cl CORPORATE
09/25/96 DORIS D. ALLEN OFFICER(S)
On before me, (name, title of officer) TITLE(S)
EDWARD ALLEN
CI PARTNER(S) 1_
personally appeared I ATTORNEY-IN-FACT
❑ personally known to me - OR -X2 proved to me on the basis of satisfactory ❑ TRUSTEE(S) •
evidence to be the person(s) whose name(s) is/are subscribed to the with- ❑ SUBSCRIBING WITNESS
in instrument and acknowledged to me that he/she/they executed the ❑ GUARDIAN/CONSERVATOR
same in his/her/their authorized capacity(ies), and that by his/her/their sig-
nature(s) on the instrument the person(s), or the entity upon behalf of CI OTHER:
which the person(s) acted, executed the
instrument.
1--,-----010 -
-'4
P ' SIGNER IS REPRESENTING:
(Y T ='''-", 'tis DORIS D.ALLEN -0 Wi ess�m hand and official seal.
O'er t ' Comm.#1Q22187 y NAME OF PERSON(S)OR ENTITY(IES)
Z , NOTARY PU8J• •CAUFORIdA ` 7? MERCHANTS BONDING COMPAN
,, "t ' Los Angeles County
M o tM`Comm.Expires Apr.22,199$ /
(MUTUAL)
I' _CgCIF=N_
v / i ,
RIM. IRF OF NM
- shall inure to the t._.._fit of any and all persons, companies and corporations entitled to
file claims under said act, so as to give a right of action to them or their assigns in any
suit brought upon this bond.
FURTHER, the said Surety, for value received, hereby stipulates and agrees
that no change, extension of time, alteration or modification of the contract documents or
of the work to be performed thereunder shall in any way affect its obligation on this bond
and it does hereby waive notice of any such change, extension of time, alteration or
modification of the contract documents or of work to be performed thereunder. '
As a part of the obligation secured hereby, and in addition to the face
amount specified therefor, there shall be included costs and reasonable expenses and fees,
including reasonable attorney's fees, incurred by City in successfully enforcing such
obligation, all to be taxed as costs and included in any judgment rendered.
IN WITNESS WHEREOF three (3) identical counterparts of this instrument,
each of which shall for all purposes be deemed an original thereof, have been duly
executed by the Principal and Surety herein named on the 25TH day of
SEPTEMBER , 19 96 . The name and corporate seal of
each corporate party being hereto affixed and these presents duly signed by its
undersigned representatives pursuant to authority of its governing body.
PARSANS CS •UCTION COMPANY
PRINCIPA
0 /By i/4
EDW: ' fP SANIAN, OWNER
MERCHANT ' BONDING COMPANY (MUTUAL)
SURETY
BY -t.. -'- -
EDWARD ALLEN, ATTORNEY-IN-FACT
APPROVED AS TO FOR •
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CITY ATTORNEY
Page 2 - Labor & Materials Bond
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�rchants Bonding CoL 1pany
(MUTUAL)
POWER OF ATTORNEY
Know All Men By These Presents,that the MERCHANTS BONDING COMPANY(MUTUAL),a corporation duly organized under the laws
of the State of Iowa,and having its principal office in the City of Des Moines.County of Polk. State of Iowa, riath made, constituted and
appointed,and does by these presents make,constitute and appoint
***EDWARD ALLEN***
of NORTH HOLLYWOOD and State of CA its true and lawful Attorney-in-Fact, with full power
and authority hereby conferred in its name, place and stead, to sign, execute.acknowledge and deliver in its behalf as surety any end all
bonds,undertakings,recognizances or other written obligations in the nature thereof,subject to the limitation that any such instrument shall
not exceed the amount of:
***FIVE HUNDRED THOUSAND DOLLARS ($500,000.00)***
and to bind the MERCHANTS BONDING COMPANY(MUTUAL)thereby as fully and to the same extent as if such bond or undertaking was
signed by the duly authorized officers of the MERCHANT'S BONDING COMPANY(MUTUAL),and all such acts of said Attorney-in-Fact,
pursuant to the authority herein given,are hereby ratified and confirmed.
This Power-of-Attorney is made and executed pursuant to and by authority of the following Amended Substituted and Restated By-Laws
adopted by the Board of Directors of the MERCHANTS BONDING COMPANY(MUTUAL)on October 3, 1992.
ARTICLE II,SECTION 8.—The Chairman of the Board or President or any Vice President or Secretary shall have power and author-
ity to appoint Attorneys-in-Fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company
thereto,bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof.
ARTICLE II, SECTION 9.—The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any
Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other
suretyship obligations of the Company,and such signature and seal when so used shall have the same force and effect as though
manually fixed.
In Witness Whereof.MERCHANTS BONDING COMPANY(MUTUAL)has caused these presents to be signed by its Vice-President and
its corporate seal to be hereto affixed, this 26th day of July ,19 95
••......•••••• MERCHANTS BONDING COMPANY(MUTUAL)
�O.NG•�QSj,•
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: —:? -o- o'• : —7
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•• . 1933 c; By / 7,-37/4-17-----
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•
Vice Pree+c'em
STATE OF IOWA •. .••
COUNTY OF POLK ss
On this 26th day of July .19 95 ,before me appeared Larry Taylor,to me
personally known,who being by me duly sworn did say that he is Vice-President of the MERCHANTS BONDING COMPANY(MUTUAL),
the corporation described in the foregoing instrument, and that the Seal affixed to the said instrument is the Corporate Seal of the said
Corporation and that the said instrument was signed and sealed in behalf of said Corporation by authority of its Board of Directors.
In Testimony Whereof,I have hereunto set my hand and affixed my Official Seal at the City of Des Moines, Iowa,the day and year first
above written.
• yi . M, % C441% e A,a,„:„
.. „ -. . c, .
rr . Z Notary Public,Polk County,Iowa
IOWA
z • My Commission
°T • �Q' • Expires 2-19-98
STATE OF IOWA ••. �R I A� .
COUNTY OF POLK ss. •••......•�'
I,William Warner,Jr.,Secretary of the MERCHANTS BONDING COMPANY(MUTUAL),do hereby certify that the above and foregoing
is a true and correct copy of the POWER-OF-ATTORNEY,executed by said MERCHANTS BONDING COMPANY(MUTUAL),which is still
in force and effect.
In Witness Whereof, I have hereunto set m hand and 9,Ved the Seal of the Company on
this 25TH day of SEPTEMBER 19, 96 . •...
.•*O• \NG Co • !/,‘,, ,,,z-_,,,.. d...2...-,z,- ,y�
This Power-of-Attorney expires 12-31-97 •G.,••,...
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