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Record #: F2019-90   
Type: Communication Status: Placed on File
Intro date: 5/20/2019 Current Controlling Legislative Body:
Final action: 5/20/2019
Title: Approval of Official Bond for Mayor Lori E. Lightfoot
Sponsors: Dept./Agency
Topic: CITY COUNCIL - Miscellaneous
Attachments: 1. F2019-90.pdf

Bond Cerli ficalion Municipal Code Section 2-152-220

 

 

1, Edward N. Siskel, Corporation Counsel ofthe City of Chicago, have reviewed and inspected:

 

Bond No. 39S222197 (Mayor) Bond No. 39S212686 (Cily Clerk) Bond No. 39S222198 (Treasurer)

 

 

 

all issued by The Ohio Casualty Insurance Company, and 1 certify that the above-numbered bonds are properly executed as to form.

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Edward N. Siskel Corporation Counsel

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I, Erin S. Keane, City Comptroller for the City of Chicago, have reviewed and inspected:

 

Bond No. 39S222197 (Mayor) Bond No. 39S212686 (City Clerk) Bond No. 39S222198 (Treasurer)

 

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 ofthe penalty of such bonds.

 

 

 

 

Erin S. Keane City Comptroller

 

 

Date

 

^ Li her I v

Muiunl.   jjie Qj1j0 Casualty Insurance Company

KON,)                     No. 39S222J97

KNOW ALL MEN BY THESE PRESENTS:

That we Lori E. Lightfoot                     of

3434 West Wrightwood, Chicago, IL 60647                     -                                          _                      ,

{insert full N;iinc |!op line] and Address [bulloin line] ot"Piincip.il)

as Principal and The Ohio Casualty Insurance Company                     , a coiporation organized and existing under the

laws of the State of New Hampshire , (hereinafter called the Surety, are held and firmly bound unto

City of Chicago                     

121 North LaSalle Street, Chicago, Illinois 60602

(Insert I-ul I Name (lop line] and Address |botlom line] of Obligee)

in the aggregate and non-cumulative penal sum of One Million and 00/100                     

(S   1,000,000.00                     ) DOLLARS, for 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 20, 2019                     and ending on continuous

 

Now, therefore, the condition of this Obligation is such that ifthe said Principal shall well, truly and faithfully perform all official duties required by law of such official during the term aforesaid, then this obligation shall be void; otherwise it shall remain in full force and effect, subject to the following conditions:

First: That the Surety may,  if it shall so elect, cancel this bond by giving Ihirly (30) days notice in writing to

City of Chicago, 121 North LaSalle, Chicago, Illinois 60602                      and

this bond shall be deemed canceled at the expiration of said thirty (30) days, the Surety remaining liable, however, subject to all the terms, conditions and provisions of this 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 Surety 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: That 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 lo, 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 of the PrincipaHo "Collecf_Jjvy taxes;--'

licenses, levies, assessments, etc., with the collection of which he may be chargeable by reason of his election or appf^tmenl as-.

aforesaid.                     .                     CD ~'W't.

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SIGNED, SEALED and DA TED May 8, 2019

Taffra S. Holman Aitomcy-in-Eaet

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Certificate No: 8198107

Liberty Mutual.

SURETY

 

This Power of Attorney limits the acts of those named herein, and they have no authority to bind Ihe Company except in the manner and to the extent herein stated

Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company

POWER OF ATTORNEY

 

KNOWN ALL PERSONS BY THESE PRESENTS: Thol The Ohio Casualty Insurance Company is a corporation duly organized under the laws of Ihe Slate of New Hampshire, lhal
Liberty Mutual Insurance Company is a corporation duly organized under the laws of Ihe State of Massachusetts, and West American Insurance Company is a corporation duly organized
under the law^thfi^l^Mn^aj^^ailfef^ ^jtfjhp/Cos^niq^pjW^Aft^r^to^'^c-^rfye.
501 forth'docs herebV name'conslilule and aPP0,n1' —                     -                     

 

Saint I.puis

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all of Ihe city ol _

. slate of _

 

 

_ each individually if there be more lhan one named, its Irue and lawful altornev-in-facl to make.

execute, seal, acknowledge and deliver, for and on its behalf as surety and as its acl and deed, any and all undertakings, bonds, recognizances and other surety obligations, in pursuance of these presents and shall be as binding upon (he Companies as if they have been duly signed by Ihe president and attested by the secretary of the Companies in their own proper persons.

 

IN WITNESS WHEREOF, this PowerolAttorneyhas beensubscribedbyanauthorized officer or official of Ihe Companies and Ihe corporate seals of Ihe Companies have been affixed Iherelolhis _ 4th    day of   December   , 2018

Liberty Mutual Insurance Company The Ohio Casualty Insurance Company West American Insurance Company

David M. Carey, Assistant Secretary State of PENNSYLVANIA

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County of MONTGOMERY

On this 4th day of December , 2018 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 lo do, execute the foregoing instrument for the purposes therein contained by signing on behall of Ihe corporations by himself as a duly authorized officer.

IN WITNESS WHEREOF, I have hereunlo subscribed my name and affixed my notarial seal at King ol Prussia, Pennsylvania, on the day and year first above written

 

COMMONWEALTH OF PENNSYLVANIA

Notarial Seal Toresa Pastolla, Nola/y Public Upper McrjonTwp . Montgomery County My Commission Expires March 28,2021

Member. Pennsylvania Association of Notaries

By;   f/XtUUl JldJlll+J

Teresa Pastella. Notary Public

 

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 elfect reading as follows: ARTICLE IV - OFFICERS: Section 12 Power of Attorney.

Any officer or other official of the Corporation authorized (or that purpose in wriling by the Chairman or Ihe Piesident. and subject to such limitation as the Chairman or the President may prescribe, shall appoint such attomeys-in-facl, as may be necessary lo acl in behalf of the Corporation to make, execute, seal, acknowledge and deliver as surely any and all undertakings, bonds, recognizances and other surety obligations. Such atlorncys-in-facl, subject to the limitations set forth in their respective powers of attorney, shall have full power to bind the Corporation by Iheir signature and execution of any such inslrumcnls 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 lo any representative or attorney-in-fact under the provisions of this article may be revoked at any time by the Board, the Chairman, Ihe Piesident or by the officer or officers granting such power or authority. ARTICLE XIII - Execution of Contracts: Section 5 Surety Bonds and Undertakings.

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Any officer of the Company authorized for that purpose in writing by Ihe chairman or tho president, and subject to such limitations as the chairman or (he president may prescribe, shall appoint such attorneys-in-fact, as may be necessary to act in behalf of the Company to make, execule. seal, acknowledge and deliver as surety any and all undertakings, bonds, recognizances and other surety obligations. Such altomeys-in-fact subjeel to the limitations set forth in Iheir respective powers of attorney, shall have full power to bind Ihe Company by their signature and execution of any such instruments and to attach thereto Ihe seal of the Company. When so executed such instruments shall bo as binding as if signed by the president and attested by Ihe secretary. g5 > Certificate of Designation - The President of the Company, acting pursuant lo the Bylaws of Ihe Company, authorizes David M. Carey, Assistant Secretary lo appoint such "ro attorneys-in-fact as may be necessary to acl on behalf of Ihe Company (o make, execule, seal, acknowledge and deliver as surely any and all undertakings, bonds, recognizances and .-g other surety obligations. r-o co qJ Authorization - By unanimous consent of Ihe Company's Board of Directors, the Company consents that facsimile or mechanically reproduced signature of any assistant secretary ol the — ^ Company, wherever appearing upon a certified copy of any power o' attorney issued by Ihe Company in connection with surety bonds, shall be valid and binding-upbn.lhc Comnany with fl; ^ the same force and effect as though manually affixed —\"v- ;eb. c      Renee C. Llewellyn, the undersigned, Assistant Secretary, The Ohio Casualty Insurance Company. Liberty Mutual Insurance Company, and West American.lns'urance Company do of t. heieby certify that the original power of allomey of which the foregoing is a full, Irue and coirsct copy of the Power of Attorney executed by said Companies, is in full force artd'eftect and

IS has not been revoked.                     ; q:;. C->

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&S IN TESTIMONY WHEREOF. I have hereunto set my hand and affixed the seals of said Companies tlvs   8th day of                     May...                                                               201-9— ^

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Renec C Llewultvn AbS'S'.ant Secretary

LMS-'?e73 I.UIC OCIC W/NIC Muln Co_0020

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State of Missouri City of St. Louis

 

On May 8, 2019 before me, a Notary Public in and for said County and State, residing therein, duly commissioned and sworn, personally appeared Taffra S. Holman, known to me to be Attorney-in-Fact of The Ohio Casualty Insurance Company, the corporation described in and that executed the within and foregoing instrument, and known to me to be the person who executed the said instrument in behalf of the said corporation, and he duly acknowledged to me that such corporation executed the same.

 

 

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year stated in this certificate above.

 

 

 

 

 

My Commission Expires

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OATH OF OFFICE

 

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STATL-; OF Illinois

 

County of Cook

 

I,   Lori E. Lightfoot

 

do solemnly swear (or affirm) that I will support, protect and defend the Constitution of The United States and the Constitution ofthe
State of llljnois     _
                     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, cither 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 I have not knowingly violated any election law of this State, 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 o£nny act or duty pertaining to my office than the compensation allowed by law. So help me God.

 

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day of

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Sworn to and subscribed before me this

 

 

 

OFFICIALSEAL JENNIFER CAMPOS NOTARY PUBLIC - STATE OF ILLINOIS MY COMMISSION EXPIRES:09/17/19

 

 

 

 

 

 

 

 

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