HomeMy WebLinkAbout000139.tiff leD
�ul CONTRACT BOND
Hoperty&Liab slily
Insurance
BOND NO, 400HC 7357
Know all men by these presents that we,
ARA MANAGED LOGISTICS SYSTEMS, INC.
as Principal,
and the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, a corporation organized under the laws of
the State of Minnesota and duly authorized to transact business in the State of COLORADO
as Surety, are held and firmly bound unto
WELD COUNTY, COLORADO
P.O. BOX 758
GREELEY, COLORADO 80632 as Obligee,
in the sum of EIGHT HUNDRED THIRTY-SEVEN THOUSAND, SIX HUNDRED FORTY-SIX & 00/100
($837,646.00)
DOLLARS, for the payment whereof well and truly to be made, the Principal and the Surety bind themselves,
their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
SIGNED, sealed, and dated this 12th day of September, 19 84 •
WHEREAS the Principal and the Obligee have entered into a written contract, a copy of which is or may be
attached hereto, dated the day of 19 , for
Fleet Management and Maintenance, 9/17/84 to 9/16/87.
NOW,THEREFORE, the condition of the foregoing obligation is such that if the Principal shall indemnify
the Obligee for all loss that the Obligee may sustain by reason of the Principal's failure to comply with any of the
terms of said contract,then this obligation shall be void; otherwise it shall remain in force.
Any suit under this bond must be instituted before the expiration of two (2) years from the date on which
final payment falls due.
ARA MANAGED LOGISTICS SYSTEMS, INC (Seal)
Princ' al
By. Cz)f,- - itle
riscilla Bodnar, Secretary
ST. PAUL FIRE AND RINE INSURANCE COMPANY
/�"�� (.
Att ney-i -fact Int
Frank J. Cap )./„.2.. It
139
10951 R,v.5-62 P0.1med In U.S.A
AStibul ST.PfillL FIRE AND MARINE INSURANCE COMP' ''Y CERTIFICATE OF
�, ,ar a, Washington Street,St.Paul,Minnesota 551€ AUTHORITY NO.
irsu �
GENERAL POWER OF ATTORNEY - CERTIFIED COPY (' t'
(Original on File at Home Office of Company. See Certification.) (7) (.1 -�-`�
KNOW ALL MEN BY THESE PRESENTS: That St.Paul Fire and Marine Insurance Company,a corporation organized and existing under the laws of the State
of Minnesota,and having its principal office in the City of St. Paul,Minnesota,does hereby constitute and appoint:
Marion Libertz, Archie Howie, Frank J. Capozzoli, Neil Dent,
Ralph L. Hensen, individually, Philadelphia, Pennsylvania
its true and lawful attorney(s)-in-fact to execute,seal and deliver for and on its behalf as surety,any and all bonds and undertakings,recognizances,contracts of
indemnity and other writings obligatory in the nature thereof, which are or may be allowed,required or permitted by law,statute,rule,regulation,contract or
otherwise,
NOT TO EXCEED IN PENALTY THE SUM OF FIFTY MILLION ($50,000,000) EACH
and the execution of all such instrument(s) in pursuance of these presents, shall be as binding upon said St.Paul Fire and Marine Insurance Company,as fully
and amply,to all intents and purposes,as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office.
This Power of Attorney is executed,and may be certified to and may be revoked, pursuant to and by authority of Article V,-Section 6(C), of the By-Laws
adopted by the Board of Directors of ST.PAUL FIRE AND MARINE INSURANCE COMPANY at a meeting called and held on the 23rd day of January. 1970,
of which the following is a true transcript of said Section 6(C):
"The President or any Vice President,Assistant Vice President,Secretary or Resident Secretary shall have power and authority
(1)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,and
(2)To appoint special Attorneys-in-fact, who are hereby authorized to certify to copies of any power-of-attorney issued in pursuance of this
section and/or any of the By-Laws of the Company,and
(3)To remove,at any time,any such Attorney-in-fact or Special Attorney-in-fact and revoke the authority given him."
Further, this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly
called and held on the 6th day of May,1959,of which the following is a true exerpt:
"Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating
thereto by facsimile, and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the
Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the
future with respect to any bond or undertaking to which it is attached."
A
i.RE bu
sex v F 6r I ,
izz IN TESTIMONY WHEREOF, St. Paul Fire and Marine Insurance Company has caused this instrument to be signed and its corporate
S
seal to be affixed by its authorized officer,this 2nd day of January,A.D. 1980.
(i 'ri it ST.PAUL FIRE AND MARINE INSURANCE COMPANY
' STATE OF MINNESOTA
3 ! c ss.
County of Ramsey
''U!i�ni�sus ``
Vice President
On this 20th day of July ,1961 , before me came the individual who executed the preceding instrument, to me
personally known, and, being by me duly sworn,said that he/she is the therein described and authorized officer of St.Paul Fire and Marine Insurance Company;
that the seal affixed to said instrument is the Corporate Seal of said Company;that the said Corporate Seal and his/her signature were duly affixed by order of
the Board of Directors of said Company.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal, at the city of St.Paul,Minnesota,
,tthe
(/day
�P lrf. SF, and year first above written. J�Cf "�r�+lJ
` fie '` dit..............d.
i
la, ,,�4�\ LOIS O. SMITH,Notary Public,Ramsey County,MN
4Cougli My Commission Expires September 29, 1987
CERTIFICATION
I, the undersigned officer of St. Paul Fire and Marine Insurance Company,do hereby certify that I have compared the foregoing copy of the Power of Attorney
and affidavit, and the copy of the Section of the By-Laws of said Company as set forth in said Power of Attorney, with the ORIGINALS ON FILE IN THE
HOME OFFICE OF SAID COMPANY, and that the same are correct transcripts thereof, and of the whole of the said originals,and that the said Power of
Attorney has not been revoked and is now in full force and effect.
?fi
pr 6 4 ' /
*g IN TESTIMONY WHEREOF,I have hereunto set my hand this 7�—12 `-""r��
k
s • o. 12th day of_ September 19 84 Secretary
VRRNCF
Only a certified copy of Power of Attorney bearing the Certificate of Authority No. printed in red on the upper right corner is binding. Photocopies,carbon
copies or other reproductions of this document are invalid and not binding upon the Company.
ANY INSTRUMENT ISSUED IN EXCESS OF THE PENALTY AMOUNT STATED ABOVE IS TOTALLY VOID AND WITHOUT ANY VALIDITY.
For verification of the authenticity of this Power of Attorney,you may telephone toll free 800-328-9821 and ask for the Power of Attorney Clerk. Please refer
to the above Certificate of Authority No.and the above named individual(s).
CANCELS AND SUPERSEDES ANY CERTIFICATES ISSUED PRIOR HERETO
O A) INTERNATIONAL INSURANCE COMPANY 0
a B) UNITED STATES FIRE INSURANCE COMPANY
a C) THE NORTH RIVER INSURANCE COMPANY rP
rJ 211 Mt.Airy Road,Basking Ridge,New Jersey 07920 IE
a QIertifirute of ilnsursnre IE
a This is to Certify that the policies described below have been issued to:
O Name of Insured ARA SERVICES,INC. Date September 12, 1984 IB
Pi
its divisions and subsidiaries
n Address Independence Square,West incl . ARA Managed Logistics Systems, Inc. [ni
a Philadelphia,PA 19106 0
aIssued at the request of Ij
aWeld County, Colorado THIS CERTIFICATE OF INSURANCE IP
P.O. Box 758 NEITHER AFFIRMATIVELY NOR a
a Greeley, Colorado 80632 NEGATIVELY AMENDS,EXTENDS OR Ii
X71 L ALTERS THE COVERAGE AFFORDED 1�7
, BY ANY POLICY DESCRIBED HEREIN. n
a IL
a D
a ral
a r POLICY NO. LIMITS OF LIABILITY ra
a KIND OF w INCLUDING EXPIRATION Personal Injury and Property Damage Aggregate
El
E RENEWAL
POLICY o THEREOF DATE Each occurrence 5 IE
ElPk 1:11 A 408347687 As provided by Worker's Compensation $500,000 E.L. l�l
Standard Workers' Until Law in: and 1{J
11��11�� Compensation B 408347689 Cancelled All states,except Nevada,North Dakota,Ohio, E.L.O.D. n
I:J &L:m ployers'Liability Texas or Replaced Washington,West Virginia,Wyoming and
'1�u1
El Commonwealth of Puerto Rico IL:J*C 408347688 *CT,FL,LA,MD,NY,NC&VA. IE
aClomprehensive
LJ Automobile Liability XXXX 0
11�''11�� including: A 1304753994 Until XXXX
1�1J�L Cancelled $1 Million Combined Single Limit XXXX 119
ICI C All Owned Vehicles C 5404842153 or Replaced Personal Injury and Property Damage XXXX
I�1
P All Hired Vehicles Texas LJ
1� All Other Non-
Owned Vehicles rffl
El
h Comprehensive $1,000,000. a
LJ General Until I�IIJ$1 Million Combined Single Limit Products/
{�111 re7
Liability* A 5404842162 Cancelled Personal Injury and Property Damage Completed 11��11
or Replaced Operations
nt *Including Blanket Contractual,Products Liability,and inclusion of the Customers of the Named n
LJ Insured as additional insureds,where contractually required,under the Comprehensive General ILJ
El
Liability Policy as respects the Named Insured's operations,including Broad Form Vendors 1�
1L�:1J� coverage. fa
I_1 - ILJ
ggIt is understood and agreed that Weld Ccunty, Colorado is included as Additional 0
um Insured, but sol �y as respects operatiors of the Maned Insured. la aa
at a
aNO POLICY CERTIFIED IN THIS SPACE 6
a F
ei i The Company will mail to the party at whose request this certificate is issued a record of any material change in or cancellation ai
aof the said policy or policies.The Company will give 30 days notice of cancellation. a
IP
a BY 4/T e--,*-- T a.-,:i3 a
aAUTHORIZED REPRESENTATIVE fa
aWILLIAM T. STAUTS
C7' L-I' Effl L7C7' fflaaLf' aaffla L7Lffiffl ffl ffl L7' f L7' L7L7affla 'Ca C7' L7' LaafflL'a0
Nip►
services
Mint
INDEPENDENCE SQUARE WEST/PHILADELPHIA,PENNSYLVANIA 14106/215-574-5880 D
JOSEPH NEUBAUER JAN rz
Chairman and President ' Lr 1 1985
January 28, 1985
Ms. Jacqueline Johnson
Chairperson Of The Board
Weld County
Post Office Box 758
Greeley, CO 80632
Dear Ms. Johnson:
On December 17, the shareholders of ARA Services voted overwhelmingly
to accept a proposal from a management-led investor group to acquire
the company. Today, ARA is a private company controlled and largely
owned by the same people who have been running it for years -- a group
of about 65 managers.
This change in ownership can have only a positive effect on the quality
of service we provide to you and on our ability to continue to meet
your needs. One of our basic objectives was to keep ARA the same
strong, dependable; innovative and dynamic company that you have known
over the years. The same people who have served you in the past are
the same people who are serving you now.
The change in ownership was triggered last summer when ARA received an
unsolicited and undesirable offer of a leveraged buyout by a group of
outsiders. The media coverage that this proposal generated produced a
significant degree of uncertainty and anxiety among some of our clients,
customers and our employees.
We conducted a thorough review of the various means of preventing a
hostile takeover and concluded the only viable one for us was a manage-
ment buyout. There are several aspects of this that should be of
interest to you as a valued client.
First, is the motivation and dedication of ARA's management and employees.
The management ownership group, one of the largest ever, is the same group
who has been managing the company. Each owner - manager now has a
significant personal investment and a strong personal interest in maintaining
or even improving on our high standards of quality service. Additionally,
a large number of employees will, for the first time, have the opportunity
for a personal stake in the growth and success of the company through
participation in ARA's Savings/Retirement plans.
(2)
Second, is the well-established financial stability of ARA. We were able
to very quickly arrange the necessary financing from a group of banks.
And the two lead banks, Chemical and Morgan Guaranty Trust, not only
loaned us money but also invested in the company.
We are confident, a sentiment apparently shared by our bankers, that we
will continue to grow as well as meet all obligations placed upon us by
the financing of the management acquisition.
In summary, let me again assure you that the change in ownership
will make ARA a better company both short and long term. We will
maintain -- or, if possible, improve upon -- the level of service you
have come to expect of us. Our management team and our employees
completely understand that the growth of ARA, past and future, is
based on providing quality service. You can be sure that this
commitment will never change.
Sincerely,
Hello