HomeMy WebLinkAbout03-00500144- 00076547 STATUTORY PAYMENT BOND - TEXAS BOND NO.
KNOW ALL BY THESE PRESENTS, that
Property Owner (hereinafter called
Principal), as Principal, and , a corporation organized
and existing under the laws of the State of Washington, with its principal office in the City of Seattle
(hereinafter called the Surety) as Surety, are held and firmly bound unto the CITY OF COLLEGE
STATION, TEXAS, a Municipal Corporation, 1101 Texas Avenue, College Station, Texas, hereinafter
called City, in the amount of Dollars
($ ) for the payment whereof the said Principal and Surety bind themselves, their heirs,
administrators, executors, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the Principal is required to install on Lot , Block
Subdivision, College Station, Brazos County, Texas, as required by Chapter 9
Section 7 of the College Station Code of Ordinances and plan, which ordinance
and plan are attached hereto and made a part hereof as fully and to the same extent as if copied at
length herein; and
WHEREAS, Chapter 9 allows for the filing of a subdivision plat prior to completion of required
provided that the principal provides a bond in the amount
of ,
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH THAT if said principal shall
install all required as required by City and detailed in the
plan and in accordance with the above - stated ordinance and receive the
approval for same by the City Engineer on or before one year from the date of the filing of the plat for the
property, then this obligation shall be void.
PROVIDED, HOWEVER, that the City having required the said Principal to furnish this bond in order to
comply with Chapter 9, Section 7 of the College Station Code of Ordinances and the
plan, all rights and remedies on this bond shall inure solely to such claimants
and shall be determined in accordance with the provisions, conditions and limitations of said ordinance.
IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument, this
day of , 2003
, PRINCIPAL
BY:
(Printed Name & Title)
INSURANCE COMPANY
BY:
(Printed Name & Title)
The foregoing bond is hereby approved.
Owner
By:
Title
ADDRESS
DATE
07 • 05/2003 08:27 FAX 979 694 8000 WEST WEBB X 003, n(Is
CERTIFICATE OF CORPORATE RESOLUTION
Date: July 8, 2003
Corporation: Rossco Holdings, Incorporated, a California corporation
President: Leonard M. Ross
Secretary/Treasurer: Martha J. Kretzner
Assistant Corporate Secretary: Tina Frankel
We, being all of the directors of the corporation, certify the following facts:
1. The corporation is organized and operating under the laws of California, is qualified to do business
in the State of Texas, and is in good standing.
2. No proceedings for forfeiture of the certificate of incorporation or for voluntary or involuntary
dissolution of the corporation are pending.
3. Neither the articles of incorporation nor bylaws of the corporation limit the power of the Board of
Directors to pass the resolution below.
4. The Secretary keeps the records and minutes of the proceedings of the Board of Directors of the
corporation, and the resolution below is an accurate reproduction of the one made in those
proceedings; it has not been altered, amended, rescinded, or repealed: and it is now in effect.
5. The resolution below was legally adopted by unanimous written consent of all Directors in lieu of a
meeting of the Board of Directors, and the unanimous consent conforms with the law and the bylaws
of the corporation.
6. These resolutions have been unanimously adopted by the Board of Directors:
RESOLVED, that the Corporation by and through the Assistant Corporate
Secretary of the Corporation, be, and is hereby, authorized and directed to do any and all
things deemed necessary or advisable for the benefit of the Corporation and in the best
interests of the Corporation, in connection with the delivery of that certain Special Warranty
Deed from the corporation to James H. Woods, and any and all things necessary to close
under that certain Commercial Contract - Unimproved Property with respect to University
Park #2, Block V (Part of Lot 3B), effective as of May 20, 2003, Buyer being James H.
Woods, and Seller being the Corporation;
FURTHER RESOLVED, that the Corporation, by and through the Assistant
Corporate Secretary of the Corporation, is hereby authorized to (a) sign, execute, certify
to, verify and acknowledge, deliver, accept, file and record any and all instruments and
documents, and (b) take, or cause to be taken, any and all such action, in the name and on
behalf of the Corporation, as, in any such officer's judgment, is necessary, desirable or
appropriate in order to consummate the transactions contemplated by or otherwise to effect
the purposes of the foregoing resolutions;
FURTHER RESOLVED, that all actions heretofore taken by the directors or the
officers of this Corporation and all things done by their authority with respect to the
consummation of the loan be, and the same are, hereby ratified and approved:
FURTHER RESOLVED, that the transactions contemplated by the foregoing
resolutions are reasonably expected to benefit the Corporati directly and indirectly,
Leon /. Ross, Director
/.
artha retzner, erector
Resolution Page 1 or 1
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