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t 6706 - 050 <br /> ' Agreements or bonds ; this will be accomplished upon execution of the - contracts <br /> by the OWNER . Submit a power of attorney authorizing OWNER to date bonds <br /> ' and Agreements . <br /> 2 . Submit seven ( 7 ) copies of the Performance and Payment Bonds . Instructions <br /> to the Surety and the Principal for execution of the bonds are as follows . <br /> Where the CONTRACTOR is a Corporation , the Agreement and any bonds must <br /> be executed by the President or the Chairman of the Board of the corporation . <br /> The Agreement or Bond is accompanied by a statement certified by a Secretary <br /> of the Corporation . The signatures of the persons executing the bond on behalf <br /> of the Principal and of the Surety , respectively , shall each be dated on the <br /> signature line . If the bond is executed by an Attorney- in - Fact for the Surety , <br /> the accompanying Power of Attorney must be executed by persons whose <br /> authority to do so is plainly identified on the face of the Power of Attorney . <br /> Neither signatures nor the Corporate Seal may appear by facsimile unless the <br /> authority for them to appear in that form is plainly disclosed on the face of the <br /> document . The Secretary or other properly authorized Officer must certify and <br /> seal a statement declaring that the authority granted by the Power of Attorney <br /> remained in force on the date that the bond was executed by the <br /> ' Attorney - in - Fact . <br /> 3 . Include seven ( 7 ) copies of the Certificate of Insurance . The Certificate must <br /> name the OWNER as an additional insured and the standard cancellation clause <br /> must read as follows . <br /> " Should any of the above described policies be cancelled or changed by <br /> restricted amendment before the expiration date thereof, the issuing Company <br /> will give thirty ( 30 ) days written notice to the below named certificate holder . " <br /> Failure to comply with these conditions within the time specified will entitle <br /> ' OWNER to consider your Bid abandoned , to annul this Notice of Award and to <br /> declare your Bid Security forfeited . <br /> Within twenty ( 20 ) days after you comply with the above conditions , the <br /> OWNER will return to you one fully signed counterpart of the Contract <br /> Documents attached . ' <br /> If you have any questions , or if we can be of any further assistance , please do <br /> not hesitate to contact this office . <br /> 00800 - <br /> 2121l95 <br />