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Type:
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Communication
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Status:
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Placed on File
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Intro date:
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5/15/2023
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Current Controlling Legislative Body:
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Title:
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Approval of Official Bond for Mayor Brandon Johnson
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Topic:
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CITY COUNCIL - Miscellaneous
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Attachments:
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1. F2023-107.pdf
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Bond Certification Municipal Code Section 2-152-220
I. John Hendricks, Acting Corporation Counsel of the City of Chicago, have reviewed and inspected:
Bond No. 674220636 (Mayor)
Bond No. 39S212686 (City Clerk)
Bond No. 39S222198 (Treasurer)
all issued by The Ohio Casualty Insurance Company, and I certify that the above-numbered bonds are properly executed as to form.
J
Acting Corporation Counsel
I, Reshma Soni, City Comptroller for the City of Chicago, have reviewed and inspected the three bonds identified above, all issued by The Ohio Casualty Insurance Company, and I certify that the sureties on the above-numbered bonds are of sufficient financial responsibility for the amount of the penalty of such bonds.
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Reshma Soni City Comptroller
5'/flG23
Date
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V/ The Ohio Casualty Insurance Company
B()Nr> No. 674220636
KNOW ALL MEN BY THESE PRESENTS:
Thai wo Brandon Johnson oi'
5715 W. Superior, Chicago, Illinois 60644
(hiM'ii l ull \:ir,K- |ii)|i lincj and Addio-. jhoiuim lino| oi Piincipnl"!
as Principal and The Ohio Casually Insurance Company . a corporation organized and existing under the
laws of the Slate of New Hampshire . (hereinafter called the Surety, are held and (Irmly bound unto
City of Chicago
J 21 North LaSalle Street, Chicago, Illinois 60602 _ _
('Insert Full \amc jlop line| ;iml Addicss |bottom hne| of Ohhyt'O in llie aggregate and noii-ctimtilahvc penal sum of One Million and 00/100
(S 1,000,000.00 ) DOLLARS, lor the payment of which, well and truly
to be made, we- bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, the said Principal has been elected or appointed to (or holds by operation of law) the office of
Mayor
for a term beginning on May 15, 2023 and ending on continuous
Now, therefore, the condition of this Obligation is such that if the said Principal shall well, truly and faithfully perform all official duties requited by law of such official during the term aforesaid, then this obligation shall be void; otherwise li shall remain in full force and effect, subject to the following conditions:
First: Thar the Surety may, if it shall so elect, cancel this bond by giving thirty (30) days notice in writing to
City of Chicago, 121 North LaSalle, Chicago, Illinois 60602 and
this bond shall be deemed canceled tit the expiration of said thirty (30) days, the Surety remaining liable, however, subject to all the terms, conditions and provisions of Ibis bond, for any act or acts covered by this bond which may have been committed by the Principal up to the date of such cancelation; and the Surely shall, upon surrender of this bond and its release from all liability hereunder, refund the premium paid, less a pro rate part thereof for the time this bond shall have been in force.
Second: Thai the Surety shall not be liable hereunder for the loss of any public moneys or funds occurring through or resulting from the failure of, or default in payment by,' any banks or depositories in which any public moneys or funds have been deposited, or may be deposited, or placed to the credit, or under the control of the Principal, whether or not such banks or depositories were or may be selected or designed by the Principal or by other persons; or by reason of the allowance to, or acceptance by the Principal of any interest on said public moneys or funds, any law. decision, ordinance or statute to the contrary notwithstanding.
Third: That the Surety shall not be liable for any loss'or losses, resulting from the failure oft.be Principal to collect any taxes, licenses, levies, assessments, etc., with the collection of which he may be chargeable by reason of his election or appointment as aforesaid.
The Ohio Casualty Insurance Company
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Certificate No 8207953-285107
This Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated.
Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company
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Commonwealth of Pennsylvania - Notary Seal Teresa Pasteila. Notary Public Montgomery County My commission expires March 28, 2025 Commission number 1126044
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Member, Pennsylvania Association of Notaries
This Power of Attorney is made and executed pursuant to and by authority of the following By-laws and Authorizations of The Ohio Casualty Insurance Company, Liberty Mutual
Insurance Company, and West American Insurance Company which resolutions are now in full force and effect reading as follows:
ARTICLE IV- OFFICERS: Section 12. Power of Attorney.
Any officer or other official of the Corporation authorized for that purpose in writing by the Chairman or the President, and subject to such limitation as the Chairman or the
President may prescribe, shall appoint such attorneys-in-fact, as may be necessary to act in behalf of the Corporation to make, execute, seal, acknowledge and deliver as surety
any and all undertakings, bonds, recognizances and other surety obligations. Such attorneys-in-fact, subject to the limitations set forth in their respective powers of attorney,
shall have full power to bind the Corporation by their signature and execution of any such instruments and to attach thereto the seal of the Corporation. When so executed, such
instruments shall be as binding as if signed by the President and attested to by the Secretary. Any power or authority granted to any representative or attorney-in-fact under the
provisions of this article may be revoked at any time by the Board, the Chairman, the President or by the officer or officers granting such power or authority.
ARTICLE XIII - Execution of Contracts: Section 5. Surety Bonds and Undertakings.
Any officer of the Company authorized for that purpose in writing by the chairman or the president, and subject to such limitations as the chairman or the president may prescribe,
shall appoint such attorneys-in-fact, as may be necessary to act in behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings,
Ponds, recognizances and other surety obligations. Such attorneys-in-fact, subject to the limitations set forth in their respective powers Gf attorney, shall have full power fo bind
the Company by their signature and execution of any such instruments and to attach thereto the seal of the Company. When so executed such instruments shall be as binding
as if signed by the president and attested by the secretary.
Certificate of Designation - The President of the Company, acting pursuant to the Bylaws of the Company, authorizes David M. Carey, Assistant Secretary to appoint such attomeys-
infact as may be necessary to act on behalf of the Company to make, execute, seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other
surety obligations
Authorization - By unanimous consent of the Company's Board of Directors, the Company consents that facsimile or mechanically reproduced signature of any assistant secretary
of the Company, wherever appearing upon a certified copy of any power of attorney issued by the Company in connection with surety bonds, shall be valid and binding upon the
Company with the same force and effect as though manually affixed.
I, Renee C Llewellyn, the undersigned, Assistant Secretary, of Liberty Mutual Insurance Company, The Ohio Casualty Insurance Company, and West American Insurance Company
do hereby certify that this power of attorney executed by said Companies is in full force and effect and has not been revoked.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seals of said Companies this 9 day of May . 2023
POWER OF ATTORNEY
KNOWN ALL PERSONS BY THESE PRESENTS: That The Ohio Casualty Insurance Company is a corporation duly organized under the laws of the State of New Hampshire, that Liberty Mutual Insurance Company is a corporation duly organized under the laws of the State of Massachusetts, and West American Insurance Company is a corporation duly organized under the laws of the State of Indiana (herein collectively called the "Companies7'), pursuant to and by authority herein set forth, does hereby name, constitute and appoint, Barbara J. Lemm. Brian J. Wolf, Dennis W. Lutz, Susan M Stefanski, Taffra S. Holman all of the city of Saint Louis, state of MO each individually if there be more than one named, its true and lawful attorney-in-fact to make, execute, seal, acknowledge and deliver, for and on its behalf as surety and as its act and deed, any and all undertakings, bonds, recognizances and other surety obligations, in pursuance of these presents and shall be as binding upon the Companies as if they have been duly signed by the president and attested by the secretary of the Companies in their own proper persons.
IN WITNESS WHEREOF, this Power of Attorney has been subscribed by an authorized officer or official of the Companies and the corporate seals of the Companies have been affixed thereto this 28th day of April 2022.
Liberty Mutual Insurance Company The Ohio Casualty Insurance Company
West American Insurance Company
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STATE OF PENNSYLVANIA
COUNTY OF MONTGOMERY
On this 28th day of April 2022. before me personally appeared David M. Carey, who acknowledged himself to be the Assistant Secretary of Liberty Mutual Insurance Company, The
Ohio Casualty Company, and West American Insurance Company, and that he, as such, being authorized so to do, execute the foregoing instrument for the purposes therein contained
by signing on behalf of the corporations by himself as a duly authorized officer.
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seal at King of Prussia, Pennsylvania, on the day and year first above written.
Teresa Pasteila, Notary Public
Renee C. Llewellyn, Assistant Secretary
PGA - LMIC OCiC VVAiC Multi Co.022021
ST.Vfl/ Ol- Illinois L'ountv of Cook
Brandon Johnson
do solemnly swear (or affirm) that I will support, protect and defend the Constitution of The United Slates ami the Constitution of the Stale of Illinois _ and that I will discharge the duties of my office of Mayor
with fidelity; that I have not paid or contributed, or
promised to pay or contribute, either directly or indirectly, any money or other valuable thing to procure my nomination or election (or appointment), except for necessary and proper expenses expressly authorized by law; that 1 have not knowingly violated any election law of this Stale, or procured it to be done by others in my behalf; that I will not knowingly receive, directly or indirectly, any money or other valuable thing for the performance or non-performance of any act or duty pertaining let my office than the compensation allowed by law. So help me Clod
Sworn to and subscribed before me this
OFFICIAL SEAL
JIN S STOKES NOTARY PUBLIC, STATE OF ILLINOIS ^ ^CommisynExyw
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