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MERC HANT�
<br />BONDING COMPANY
<br />POWER OF ATTORNEY
<br />Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
<br />both being corporations of the State of Iowa (herein collectively called the "Companies") do hereby make, constitute and appoint, individually,
<br />Amanda Ivey; Andy D Prill; Annette Troseth; Benjamin Wells; Carol Lowell; Chad M Epple; Deborah L Buss; Jeff Barrom; Jennifer Schultz; Jim S
<br />Kuich; Jim W Doyle; Julie M Glover; Kelly Wilson; Michael A Murphy; Patti White; S M Scott; Steve Wagner; Ted Baran; Theresa A Lamb
<br />their true and lawful Attomey(s)-in-Fact, to sign its name as surety(ies) and to execute, seal and acknowledge any and all bonds, undertakings,
<br />contracts and other written instruments in the nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity
<br />of persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted in any
<br />actions or proceedings allowed by law.
<br />This Power-of-Attomey is granted and is signed and sealed by facsimile under and by authority of the following By -Laws adopted by the Board
<br />of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and amended August 14, 2015 and adopted by the Board of Directors
<br />of Merchants National Bonding, Inc., on October 16, 2015.
<br />"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and authority
<br />to appoint Attomeys-in-Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and
<br />undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof."
<br />"The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney
<br />or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the
<br />Company, and such signature and seal when so used shall have the same force and effect as though manually fixed."
<br />In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and aut hority hereby given to the
<br />Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction
<br />contracts required by the State of Florida Department of Transportation. It is fully understood that consenting' to the State of Florida Department
<br />of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety company of any of
<br />its obligations under its bond.
<br />In connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given
<br />to the Attomey-in-Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner -
<br />Department of Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
<br />In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 11th day of February 2020
<br />�p\NG
<br />'.•''p1 qt .•
<br />' RpO�p' e�•� °p �P09 ., q • MERCHANTS BONDING COMPANY (MUTUAL)
<br />ILy:'`� '9A'. Z ; . �• V� 9J .yam, MERCHANTS NATIONAL BONDING, INC.
<br />_p_
<br />2003 m : y: 1933 c; By
<br />•��4, - --,; • \'\a- President
<br />STATE OF IOWA +•'``••••••••••'' ...... ••
<br />COUNTY OF DALLAS ss.
<br />On this 11th day of February 2020 before me appeared Larry Taylor, to me personally known, who being by me duly sworn
<br />did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the
<br />seals affixed to the foregoing instrument are the Corporate Seals of the Companies; and that the said instrument was signed and sealed in behalf
<br />of the Companies by authority of their respective Boards of Directors.
<br />�Pµ'A, s POLLY MASON
<br />o Commission Number 750576 �1
<br />My Commission Expires
<br />• �P January 07, 2023 Notary Public
<br />(Expiration of notary's commission
<br />does not invalidate this instrument)
<br />I, William Warner, Jr., Secretary of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC., do hereby
<br />certify that the above and foregoing is a true and correct copy of the POWER -OF -ATTORNEY executed by said Companies, which is still in full
<br />force and effect and has not been amended or revoked, f
<br />on
<br />In Witness Whereof, I have hereunto set my hand and affixed the seal of the Companies on this ` day
<br />........ Lam`
<br />. �. •e °; • Off' (; P O A9 ° 1�j,% , s%s'
<br />p4P O R,4�.
<br />�Q32 -o-
<br />Z : a'•` 1933 C' Secretary
<br />,v. 2003
<br />POA 0018 (1120)
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