HomeMy WebLinkAbout1995-101 Contract - Copeland PavingCITY OF
ASHLAND
CITY HALL
ASHLAND, OREGON 97520
telephone (code 503) 482-3211
NOTICE F TRANSMITT~
TO:
Jill Turner
Barbara Christensen
Bob Nelson
DATE
PROJECT
JOB NO.
SUBJECT
08/04/95
Oak Knoll Parking Lot
94-19
Contract Documents
THE FOLLOWING ITEMS ARE BEING SENT TO YOU:
Jill Tuner:
Barbara:
Bob Nelson:
Copy of contract, bond and original requisition for purchase order.
Original contract and performance bond for filing
Original insurance certificate; copy of contract.
ENCLOSED X
UNDER SEPARATE COVER
REMARKS:
COPIES TO:
Steve Hall
Everett Swain
Department of Public Works
Engineering Division
By: James H. Olson
Title: Assistant City Engineer
CITY OF ASHLAND
CONTRACT FOR PUBLIC WORKS CONSTRUCTION
Contract made this ~ day of ~ ,1995, between the City of Ashland,
("City") and Cop,land Paving, I~. C~ontractor").
City and Contractor agree:
Contract Documents: This contract is made as a result of an Advertisement for
Bid issued by City for the Oak Knoll Golf Course Parkln~ Lot Improvements,
~ H, Project No. 94-19. Contract was awarded the bid as the lowest
responsible bidder. In the event of any inconsistencies in the terms of this
contract, the contract documents defined in the Advertisement for Bid and
Contractor's bid, this contract shall take precedence over the contract documents
which shall take precedence over the bid.
Scone: Contractor shall begin and complete the project described in the contract
documents within the time prescribed in the contract documents. The following
exceptions, alterations, or modifications to the contract documents are
incorporated into this contract:
Price and Payment: City shall pay Contractor amounts earned under the
contract. All payments will be made at the times and in the manner provided in
the contract documents.
Bond; Contractor shall, within five days after execution of the contract and
prior to doing any work under the contract, furnish bond to the City of Ashland
in a form and with a surety satisfactory to City in the penal sum of $26,865.00
conditioned upon the faithful performance of this contract upon the part of the
Contractor.
Default: A default shall occur under any of the following circumstances:
5.1 If the Contractor fails to begin the work under contract within the time
specified, or fails to perform the work with sufficient workers or
equipment or with sufficient materials to insure the prompt completion of
the project, or shall neglect or refuse to remove materials or perform
anew such work as shall be rejected as defective or unsuitable, or shall
discontinue the prosecution of the work.
5.2 If the Contractor shall become insolvent or declared bankrupt, or commit
any act of bankruptcy or insolvency, or allow any f'mal judgment to stand
against the Contractor unsatisfied for a period of forty-eight (48) hours, or
shall make an assignment for the benefit of creditors.
5.3
From any other cause whatsoever, shall not carry on the work in an
acceptable manner.
Remedies: In addition to the rights and remedies to which the City may be
entitled by law for the enforcement of its rights under this contract, City shah
have full power and authority, without violating this contract, to take the
prosecution of the work from the Contractor, and appropriate or use any or aH
of the materials and equipment on the ground that may be suitable and
acceptable and may cause a contract for the completion of this contract according
to its terms and provisions, or use such methods as required for the completion
of the contract, in any acceptable manner. All costs and charges incurred by the
City together with the costs of completing the work under the contact, shall he
deducted from any money due or which shall become due the Contractor. In
case the expense so incurred by the City shall be less than the sum which would
have been payable under the contract if it had been completed by the Contractor,
then the Contractor shall be entitled to receive the difference less any damages
for delay to which the City may be entitled. In case such expense shall exceed
the sum which would have been payable under the contract, the Contractor and
the surety shall be liable and agree to and shall pay the City the amount of the
excess with damages for delay of performance, if any.
CONTRACTOR
BY:
Its:
BY:
Department H~d Date
Coding
(for City use o~y)
REV~W~ TO FORM:
City A~t~orpey
Date
PROPOSAL
Mayor and City Council
Ashland, Oregon
The undersigned bidder declares that the bidder has examined the plans and
specifications, has visited the site, and made such investigation as is necessary to determine the
character of the materials and the conditions to be encountered in the work and that if this
Proposal is accepted, the bidder will contract with the City of Ashland, Oregon for the
construction of the proposed improvement in a form of contract contained in the bid documents,
will provide the necessary equipment, materials, tools, apparatus, and labor, in accordance with
the plans and specifications on file at the City Engineering Office, Ashland, Oregon, under the
following conditions:
1. It is understood that all the work will be performed under a lump sum or unit
price basis and that for the lump sum or unit price all services, materials, labor, equipment, and
all work necessary to complete the project in accordance with the plans and specifications shall
be furnished for the said lump sum or unit price named. It is understood that the quantities
stated in connection with the price schedule for the contract are approximate only and payment
shall be made at the unit prices named for the actual quantities incorporated in the completed
work. If there shall be an increase in the amount of work covered by the lump sum price, it
shall be computed on a basis of "extra work" for which an increase in payment will have been
earned and if there be a decrease in the lump sum payment, it shall be made only as a result of
negotiation behveen the undersigned and the owner. Furthermore, it is understood that any
estimate with respect to time, materials, equipment, or service which may appear on the plans
or in the specifications is for the sole purpose of assisting the undersigned in checldng the
undersigned's own independent calculations and that at no time shall the undersigned attempt to
hold the owner, the Engineer, or any other person, firm or corporation responsible for any
errors or omissions that may appear in any estimate.
2. The undersigned will furnish the bonds required by the specifications and comply
with all the laws of the federal government, Slate of Oregon, and City of Ashland which are
pertinent to construction contracts of this nature even though such laws or municipal ordinances
may not have been quoted or referred to in these specifications.
3. All items for the contract for which forms are provided in the bid documents have
been completed in full by the showing of a lump sum price or prices for each and every item
and by the showing of other information indicated by the proposal form. The undersigned
submits the unit prices set forth as those at which the bidder will perform the work involved.
The extensions in the column headed "Total" are made up for the sole purpose of facilitating
comparison of bids and if there are any discrepancies between the unit prices and the totals
shown, the unit prices shall govern.
4. The undersigned agrees that the "Time of Completion" shall be as defined in the
specifications and that the bidder will complete the work within the number of consecutive
calendar days stated for each schedule after "Notice to Proceed" has been issued by the owner.
12
Bidder further agrees to pay as liquidated damages, for each calendar day
thereafter, the sum of one hundred ($100.00) for each day the project remains incomplete.
5. The undersigned, as bidder, acknowledges that addenda numbered
through have been received by the bidder and have been examined as part of the
contract documents.
6. The undersigned, as bidder, acknowledges that provisions of Oregon Revised
Statute (O.R.S.) 279.350 relating to workers on public works to be paid not less than prevailing
rote of wage shall be included in the contract.
Proposal 13
BID SCHEDULE
ITEM ESTIMATE UNIT
NO. ITEM UNITS PRICE AMOUNT
(figures)
1 Site Work-Mobilization Lump Sum $ $
Three thousand one hundred dollars 3,100.00 3,100. O(
2 Excavation and Sub-grade Prep Lump Sum $ $
Two thousand nine hundred fu~uf~$ 2,950.00 2,950.(X
3 Haul Over-mn Granite off Site 50 CY !$ $
Two do] ]~r~ g fl ftv cents dollars 2.50 125.01
~" minus Crushed Rock 120 CY $ $
'~w,=nl-.y dollars 2O. 00 2,40o.0,
5 A.C. Paving, Class 'B', for 280 TONS $ $
9'h~ r~v-~ven dollars 37.0C 10,360.0
6 Concrete Extruded Curb 840 LF $ $
Three dollars 3.0C 2,520.0
7 Storm Sewer - 12" PVC (D3034) 100 LF $ $
lX4elve dollars & fifty cen~lars 12.50 1,250.0
8 Standard Catch Basins I EA $ $
Five hundred dollars 500. O( 500.0
9 4" Conduit for litigation 210 LF $ $
Five dollars 5.0O 1,050.0
10 Install City supplied Street Light 3 EA $ $
One doll ars 100.0C 30o. 0
11 Utility Trench (for Electric Conduit) 380 LF $ $
ThrEe doll~r~ & fifty c~nt~ollars 3.5C 1,330.0
12 Parking Lot Str/ping Lump Sum $ $
Two hundred seventy five dollars 275.0C 275.0
13 Golf Cart Path Lump Sum $ $
Seven hundred five dollars 705.0C 705.0
BID TOTAL $ 26,865.0
DEPARTMENT OF PUBLIC WORKS
ENGINEERING DIVISION
Proposal 14
CITY OF
ASHLAND
CITY HALL
ASHLAND, OREGON 97520
telephone (code 503) 482-3211
NOTICE OF TRANSMITTAL
TO:
Jill Turner
Barbara Christensen
Bob Nelson
DATE
PROJECT
JOB NO.
SUBJECT
08/04/95
Oak Knoll Parking Lot
94-19
Contract Documents
THE FOLLOWING ITEMS ARE BEING SENT TO YOU:
Jill Tuner:
Barbara:
Bob Nelson:
Copy of contract, bond and original requisition for purchase order.
Original contract and performance bond for filing
Original insurance certificate; copy of contract.
ENCLOSED X
UNDER SEPARATE COVER
REMARKS:
COPIES TO:
Steve Hall
Everett Swain
Department of Public Works A ~
Engineering Division ~X .4//~/
By: James H. Olson '~C ('/
Title: Assistant City Engineer
CITY OF ASHLAND
CONTRACT FOR PUBLIC WORKS CONSTRUCTION
Contract made this ~ day of -~ _ ,1995, between the City of Ashland,
("City") and Copeland Paving, Ihd:. ("(~ontractor").
City and Contractor agree:
Contract Documents: This contract is made as a result of an Advertisement for
Bid issued by City for the Oak Knoll Golf Course Parking Lot Improvements,
lraase H, Project No. 94-19. Contract was awarded the bid as the lowest
responsible bidder. In the event of any inconsistencies in the terms of this
contract, the contract documents defined in the Advertisement for Bid and
Contractor's bid, this contract shall take precedence over the contract documents
which shall take precedence over the bid.
Scooe: Contractor shall begin and complete the project described in the contract
documents within the time prescribed in the contract documents. The following
exceptions, alterations, or modifications to the contract documents are
incorporated into this contract:
Price and Payment: City shah pay Contractor amounts earned under the
contract. AH payments will be made at the times and in the manner provided in
the contract documents.
Bond: Contractor shall, within five days after execution of the contract and
prior to doing any work under the contract, furnish bond to the City of Ashland
in a form and with a surety satisfactory to City in the penal sum of $26,865.00
conditioned upon the faithful performance of this contract upon the part of the
Contractor.
Default: A default shall occur under any of the following circumstances:
5.1 If the Contractor fails to begin the work under contract within the time
specified, or fails to perform the work with sufficient workers or
equipment or with sufficient materials to insure the prompt completion of
the project, or shall neglect or refuse to remove materials or perform
anew such work as shall be rejected as defective or unsuitable, or shall
discontinue the prosecution of the work.
5.2 If the Contractor shall become insolvent or declared bankrupt, or commit
any act of bankruptcy or insolvency, or allow any final judgment to stand
against the Contractor unsatisfied for a period of forty-eight (48) hours, or
shall make an assignment for the benefit of creditors.
5.3
From any other cause whatsoever, shall not carry on the work in an
acceptable manner.
Remedies: In addition to the rights and remedies to which the City may be
entitled by law for the enforcement of its rights under this contract, City shall
have full power and authority, without violating this contract, to take the
prosecution of the work from the Contractor, and appropriate or use any or all
of the materials and equipment on the ground that may be suitable and
acceptable and may cause a contract for the completion of this contract according
to its terms and provisions, or use such methods as required for the completion
of the contract, in any acceptable manner. Ail costs and charges incurred by the
City together with the costs of completing the work under the contact, shall be
deducted from any money due or which shall become due the Contractor. In
case the expense so incurred by the City shall be less than the sum which would
have been payable under the contract if it had been completed by the Contractor,
then the Contractor shall be entitled to receive the difference less any damages
for delay to which the City may be entitled. In case such expense shall exceed
the sum which would have been payable under the contract, the Contractor and
the surety shah be liable and agree to and shall pay the City the amount of the
excess with damages for delay of performance, if any.
CONTRACTOR
BY:
Its:
BY:
Its:
CITY OF ASHLAND
City Admin~,
REVIEWED AS T~O CONTENT:
Department }lead Date 7/~ ~/¢
Coding
(for City use only)
REV~!~Wi~___~ TO FORM:
BY ~/f'--~
City A~t~orpey,...-
Date ~ {'~{~' _~
PROPOSAL
Mayor and City Council
Ashland, Oregon
The undersigned bidder declares that the bidder has examined the plans and
specifications, has visited the site, and made such investigation as is necessary to determine the
character of the materials and the conditions to be encountered in the work and that if this
Proposal is accepted, the bidder will contract with the City of Ashland, Oregon for the
construction of the proposed improvement in a form of contract contained in the bid documents,
will provide the necessary equipment, materials, tools, apparatus, and labor, in accordance with
the plans and specifications on file at the City Engineering Office, Ashland, Oregon, under the
following conditions:
1. It is understood that all the work will be performed under a lump sum or unit
price basis and that for the lump sum or unit price all services, materials, labor, equipment, and
all work necessary to complete the project in accordance with the plans and specifications shall
be furnished for the said lump sum or unit price named. It is understood that the quantities
stated in connection with the price schedule for the contract are approximate only and payment
shall be made at the unit prices named for the actual quantities incorporated in the completed
work. If there shall be an increase in the amount of work covered by the lump sum price, it
shall be computed on a basis of "extra work" for which an increase in payment will have been
earned and if there be a decrease in the lump sum payment, it shall be made only as a result of
negotiation between the undersigned and the owner. Furthermore, it is understood that any
estimate with respect to time, materials, equipment, or service which may appear on the plans
or in the specifications is for the sole purpose of assisting the undersigned in checking the
undersigned's own independent calculations and that at no time shall the undersigned attempt to
hold the owner, the Engineer, or any other person, firm or corporation responsible for any
errors or omissions that may appear in any estimate.
2. The undersigned will furnish the bonds required by the specifications and comply
with all the laws of the federal government, State of Oregon, and City of Ashland which are
pertinent to construction contracts of this nature even though such laws or municipal ordinances
may not have been quoted or referred to in these specifications.
3. All items for the contract for which forms are provided in the bid documents have
been completed in full by the showing of a lump sum price or prices for each and every item
and by the showing of other information indicated by the proposal form. The undersigned
submits the unit prices set forth as those at which the bidder wilt perform the work involved.
The extensions in the column headed "Total" are made up for the sole purpose of facilitating
comparison of bids and if there are any discrepancies between the unit prices and the totals
shown, the unit prices shall govern.
4. The undersigned agrees that the "Time of Completion" shall be as defined in the
specifications and that the bidder will complete the work within the number of consecutive
calendar days stated for each schedule after "Notice to Proceed" has been issued by the owner.
12
Bidder further agrees to pay as liquidated damages, for each calendar day
thereafter, the sum of one hundred ($100.00) for each day the project remains incomplete.
5. The undersigned, as bidder, acknowledges that addenda numbered
through have been received by the bidder and have been examined as part of the
contract documents.
6. The undersigned, as bidder, acknowledges that provisions of Oregon Re~Ssed
Statute (O.R.S.) 279.350 relating to workers on public works to be paid not less than prevailing
rate of wage shall be included in the contract.
Proposal 13
BID SCHEDULE
ITEM ESTIlVIATE UNIT
NO. ITEM UNITS PRICE AMOUNT
(figures)
1 Site Work-Mobilization Lump Sum $ $
Three thousand one hundreddollars 3,100.00 3,100.0C
2 Excavation and Sub-grade Prep Lump Sum $ $
Two thousand nine hundred ~o[~s 2,950.00 2,950.0(
3 Haul Over-run Granite off Site 50 CY $ $
mue~ dnll ~r~ ~; f~i ltv cents dollars 2.50 125.0(
~" minus Crushed Rock 120 CY $ $
m~nev dollars 20. O0 2,400. O(
5 A.C. Paving, Class 'B', for 280 TONS $ $
~Ph ~ rtv-~ven doHars 37.00 10,360.01
6 Concrete Extruded Curb 840 LF $ $
Three dollars 3. O0 2,520. O'
7 Storm Sewer - 12" PVC (I)3034) 100 LF $ $
Twelve dollars & fifty cen~Iars 12.50 1,250.0~
8 Standard Catch Basins 1 EA $ $
Five hundred dollars 500.00 5OO.0~
9 4" Conduit for Irrigation 210 LF $ $
Five dollars 5. O0 1,050. O,
10 Install City supplied Street Light 3 EA $ $
one dollars 100.00 300.0
11 Utility Trench (for Electric Conduit) 380 LF $ $
Three r~ol]~rs & f~fev ~nt~ollars 3.50 1,330.0
12 Parking Lot Striping Lump Sum $ $
Two hundred seventy five dollars 275.00 275.0
13 Golf Cart Path Lump Sum $ $
Seven hundred five dollars 705.0C 705.0
BID TOTAL $ 26,865.0
DEPARTMENT OF PUBLIC WORKS
ENGINEERING DIVISION
Proposal 14
The City reserves the fight to reject any and all bids, waive formalities, or accept any
bid which appears to serve the best interests of the City.
The foregoing prices shall include all labor, materials, equipment, overhead, profit,
insurance, and all other incidental expenses to cover the finished work of the several kinds called
for. Unit prices are to be shown in both words and figures. In case of discrepancy, the
amounts shown in words will govern.
Upon receipt of written notice of the acceptance of this bid, Bidder shall execute the
formal contract attached within ten days and deliver surety bond or bonds as required. The bid
security attached in the sum of five percent of the total pr/ce for the bid or combination of bids
is to become the property of the Owner in the event the contract and bond are not executed
within the time above set forth as liquidated damages for the delay and additional expense to the
Owner caused thereby.
The bidder is or is not
×
a resident bidder as defined in O.R.S. 279.029.
COPELAND PAVING, INC.
Firm Name of Bidder^
Signature of Bidder
VICE PRESIDENT
Official Title
ORECK)N
State of Incorporation,
if incorporated
16480
C.C.B. Number
Dated this 13TH day of JULY 19 95
Name of Bidder
Address
COPELAND PAVING, INC.
STEVEN L. AUSLAND
PO BOX 608
G~Ju~'±'~ FA~S, OR 97526
Telephone No.
503-476-4441
FAX 479-4881
Proposal 15
.l' ~UL 2,:I ~g5 02:1gPM COPEL~ND EhlTEF~PRISES P.2/3
P~RFORMANCE AND PAYlVI~NT BOND
/'he und~rdgnexi COPELAND PAVING~ INC.
· as principal, further ~ferred to in this bond ~s CoAtmetor, and FIDELITY AND DEPOSIT
COMPANY F MARY ; as surety, fucthnt referred to in this bond ~ Surety, arc jointly and
sewrally bound unw City of Ashland, as oblige, further ~¢fcrzexi to in this bond as City, in the
sum of TWiNTY SIX THOUSAND EIGHT HUNDRED Dol~s(~26,865 O0 'L
SIXTY FIVE ...........................
CoMnl¢£or and Ci~ haw irate'red into a written contact dated JULY 24, 1995
forth¢ following project: OAK KNOLL PARKING "
/lhi$ contract is further referred to in this bond as [he Contact and is
incorporated into this bond by this rffcreace.
The conditions of this bond axe:
If Contractor faithfully performs the Contact within the time prescribexl by the
Contract, and pxomptly makes payment to all claimants, as defined in ORS
279,526 through 279.542, then this obligation is null and void; otherwise it shall
remain in full force and effect.
If Contractor is declared by City m be in default under the Contract, the Surely
shall promptly remedy the default, perform all of Contractor's obligations under
the Contract in accordance wM~ ils [e£1115 ti.lid condition~ and pay to City all
damages that are due under the Contract,
3. This bond is sub. icct to claims under ORS 279.526 ~rough 279.542.
This obligation jointly and ~verally binds Conuactor and Surety ~nd their
respective heirs, executors, administrators, ~ucce4soa.
Surety waiv~ notice of modifiemfion of the Contract ot eatcnsion of the Contact
time.
6, No~payment of the bond premium ~a]l not invalidat~ this bond.
SUL Z4 'g5 ~:i~PM COPE-LAND EFFFERPRISES P.3/3
The bond number ~nd the name, address, and telephone number o$ the allent
authofizad to receive notices concerning this bond are as follows:
Bond lq'umber 30587688
Bond Agent
John L. Fralich, Hart Insurance Agency
10900 N E 4TH STREET
BELLEVUE, WASHINGTON 98004
T~ephone 206-455-4507
SlGNED this 24TH day of JULY
(¢on~o~ Seal)
(Corparam Se,al)
Surel~sFIDELITY AND DEPOSIT COMPANY OF MARYLAND
By ~----~.~ , ..~ John L. Fralich
· T ,ORNEY ^CT
Lcg~Addrm~. 10900 N E 4TH STREET,BELLEVUE, WA 98004
Attest',
Corpora~ $~mtary
Power of Attorney
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
HOME OFFICE~ BALTIMORE MD
KNOW ALL MEN BY THESE PRESENTS: That the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a corporation of the State of
Maryland, by C. M. PECOT, JR., Vicc-President, and C. W. ROBBINS, Assistant Secretary, in pursuance of authority granted by Article
VI, Section 2, of the By-Laws of said Company, which are set lorth on the reverse side hereof and arc hereby certified to be in full fbrce
and effect on the date hereof, does hereby nominate, constitute and appoim John L. Fralich, Harry T. Mackin,
Dudee L. Rembert and Janet M. Murphy, all of Grants Pass, Ore on EACH...
~l'ul agent and Attorney-in Fact, to make. execute, seat and deliver, for, and on its behalf as surety, and as its act and deed:
any and all bonds and undertakings ...........................................
~cution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Company, as fully and
amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly elected officers of the Company
at its office in Baltimore, Md.. in their own proper persons.
The said Assistant Secretary does hereby certil}v that the extract sel forth on the reverse side hereof is a true copy of Article VI, Section
2, of the By-Laws of said Company, and is now in force.
IN WITNESS WHEREOF, the said Vice President and Assistant Secretary have hereunto subscribed their names and affixed the
Corporate Sea] of the said FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this ......... _2__8, th_ .................. day of
..... S e p__t._e m ~_e__r_ ....... A,D. 19_94
~ FIDELITY AND DEPOSIT COMPANY OF MARYLAN
ATTES~
. By ...................................................
Assistant Sec~tary ~~-t----'~
STATE OF MAR~ LAND
COUNTY OF BALTIMORE i SS:
On this._2__8th~ ____day ol___ ~e.p__t_emb_c__r_ , A.D. 19~--~ , before the subscriber, a Notary Public of' the State of Maryland, duly
commissioned and qualified, came C. M. PECOT, JR., Vice-President and C. W. ROBBINS, Assistant Secretary of the FIDELITY AND
DEPOSIT COMPANY OF MARYLAND, to me personally known to be the individuals and officers described in and who executed the preceding
instrument, and they each acknowledged the execution of the same, and being by me duly sworn, severally and each for himself deposeth
and saith, that they are the said officers of thc Company aforesaid, and that the seal affixed to the preceding instrument is the Corporate
Seal of said Company, and that the said Corporate Seal and their signatures as such officers were duly affixed and subscribed to thc said
instrumem by the authority and direction of thc said Corporation.
1N TESTIMONY WHEREOF, 1 have hereunto set my hand and affixed my Official Seal the day and year first above written.
My Commission Expires .............. &u_g_u_s_t L _ J_ _9_9_ _6 ......
CERTIFICATE
I, the undersigned, Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the original
Power of Attorney of which the foregoing is a full, true and correct copy, is in full force and effect on the date of this certificate; and
1 do further certify that the Vice-President who executed the said Power of Attorney was one of the additional Vice-Presidents specially
authorized by the Board of Directors to appoint any Attorney-in-Fact as provided in Article VI, Section 2, of the By-Laws of thc
FIDELITY AND DEPOSIT COMPANY OF MARYLAND.
This Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of thc FIDELITY
AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 16th day of July, 1969.
RESOLVED: "That the facsinfile or mechanically reproduced signature of any Assistant Secretary of the Company, whether made hereto fibre
or hereafter, wherever appearing upon a certified copy of any power of attorney issued by the Company, shall be valid and binding upon
the Company with thc same forcc and efikct as though manually affixed.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the said Company, this Z4th___
day of __~U].,y ................... 19
.................
114:8,-180-8590