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<br /> Merchants Bonding Company
<br /> (MUTUAL)
<br /> POWER OF ATTORNEY
<br /> Know All Persons By These Presents,that the MERCHANTS BONDING COMPANY(MUTUAL),a corporation duly organized under the
<br /> laws of the State of Iowa,and having its principal office in the City of Des Moines,County of Polk,State of Iowa,hath made,constituted
<br /> and appointed,and does by these presents make,constitute and appoint
<br /> THOMAS W. GILMOR, LEAH M. POWERS or KATHLEEN A. HUGHES
<br /> Of GrandJunCtion and State of Colorado its true and lawful Attorney-in-Fact, with full power
<br /> and authority hereby conferred in its name,place and stead,to sign,execute,acknowledge and deliver in its behalf as surety any and all
<br /> bonds,undertakings,recognizances or other written obligations in the nature thereof,subject to the limitation that any such instrument shall
<br /> not exceed the amount of:
<br /> ONE MILLION DOLLARS ($1,000,000.00)
<br /> and to bind the MERCHANTS BONDING COMPANY(MUTUAL)thereby as fully and to the same extent as if such bond or undertaking was
<br /> signed by the duly authorized officers of the MERCHANTS BONDING COMPANY(MUTUAL),and all such acts of said Attorney-in-Fact,
<br /> pursuant to the authority herein given,are hereby ratified and confirmed.
<br /> This Power-of-Attorney is made and executed pursuant to and by authority of the following Amended Substituted and Restated By-Laws
<br /> adopted by the Board of Directors of the MERCHANTS BONDING COMPANY(MUTUAL)on October 3,1992.
<br /> ARTICLE 11,SECTION 8.—The Chairman of the Board or President or any Vice President or Secretary shall have power and author-
<br /> ity to appoint Attorneys-in-Fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company
<br /> thereto,bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof.
<br /> ARTICLE 11,SECTION 9.—The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any
<br /> Power of Attorney or Certification thereof authorizing the execution and delivery of any bond,undertaking,recognizance,or other
<br /> suretyship obligations of the Company,and such signature and seal when so used shall have the same force and effect as though
<br /> manually fixed.
<br /> In Witness Whereof,MERCHANTS BONDING COMPANY(MUTUAL)has caused these presents to be signed by its President and its
<br /> corporate seal to be hereto affixed,this 25th day of February ,1999 .
<br /> ••.O NG CQ�• MERCHANTS BONDING COMPANY(MUTUAL)
<br /> �• •
<br /> .o9.
<br /> 16-
<br /> 'a'• By
<br /> 1933
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<br /> • d Pre y
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<br /> a .
<br /> STATE OF IO1NA ••• •'•
<br /> COUNTY OF POLK ss •""••
<br /> On this 25th day of February 1999 before me appeared Larry Taylor,to me
<br /> personally known,who being by me duly sworn did say that he is President of the MERCHANTS BONDING COMPANY(MUTUAL),the
<br /> corporation described in the foregoing instrument, and that the Seal affixed to the said instrument is the Corporate Seal of the said
<br /> Corporation and that the said instrument was signed and sealed in behalf of said Corporation by authority of its Board of Directors.
<br /> 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
<br /> above written.
<br /> Z Notary Public,Polk County,Iowa
<br /> • IOWA
<br /> STATE OF IOWA % 4RI AV- .•
<br /> COUNTY OF POLK ss '••.....••'
<br /> I,William Warner,Jr.,Secretary of the MERCHANTS BONDING COMPANY(MUTUAL),do hereby certify that the above and foregoing
<br /> is a true and correct copy of the POWER-OF-ATTORNEY,executed by said MERCHANTS BONDING COMPANY(MUTUAL),which is still
<br /> in force and effect.
<br /> In Witness Whereof,I have hereunto set my hand and affixed the Seal of the Company on
<br /> this 22nd day of July • 1999 ••.•••.••
<br /> �O DAP09 56—tary /
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<br /> Msc 0814(vss) 1933 ;
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