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6706-050 Agreements or bonds; this will be accomplished upon execution of the .contracts by the OWNER. Submit a power of attorney authorizing OWNER to date bonds and Agreements . 2. Submit seven (7) copies of the Performance and Payment Bonds. Instructions to the Surety and the Principal for execution of the bonds are as follows: Where the CONTRACTOR is a Corporation, the Agroement and any bonds must be executed by the President or the Ch airman of the Board of the corporation. The Agreement or Bond is accompanied by a statement certified by a Secretary of the Corporation. The signatures of the persons executing the bond on behalf of the Principal and of the Surety, respectively, shall each be dated on the signature line. If the bond is executed by an Attorney-in-Fact for the Surety, the accompanying Power of Attorney must be executed by persons whose authority to do so is plainly Identified on the face of the Power of Attorney. Neither signatures nor the Corporate Seal may appear by facsimilo unless the authority for them to appear In that form is plainly disclosed on the face of the document. The Secretary or other properl y authorized Officer must certify and seal a statement declaring that the authority granted by the Power of Attorney remained in force on the date that the bond was executed tiy the Attorney-in-Fact. 3. Include seven (71 copies of the Certificate of Insurance. The Certificate must name the OWNER as an additional insured and the standard cancellation clause must read as follows: "Should any of the above described policies be cancelled or changed by restricted amendment before the expiration date thereof, the issuing Company wlll give thirty (30) days written notice to tha below named certificate holder." Failure to comply with these conditions within the time specified will entitle OWNER to consider your Bid abandoned, to a~nul this Notice of Award and to declare your Bid Security forfeited. Within twenty (20) days after you comply with the above conditions, the OWNER will return to you one fully s igned counterpart of the Contract Document~ attac hed. If you have any qu es tions , or if we can be of any further assi stance. please do not hesitate to contact this office. 00800-22