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NIKOLA CORPORATION
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Last modified
11/14/2024 3:09:49 PM
Creation date
3/8/2011 4:24:01 PM
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Contracts
Company Name
Nikola Corporation
Contract #
11-7508
Agency
Public Works
Council Approval Date
3/7/2011
Notes
Project
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Merchants Bonding Company <br />(Mutual) <br />POWER OF ATTORNEY <br />Know All Persons By These Pr¢sents, that the MERCHANTS BONDING COMPANY (MUTUAL). a corporation tluly org armed urttler <br />the laws of the Sla le of Iowa, end having its principal office in the City of Des Moines. County of Polk. Stale of Iowa, barn mane. <br />constituted and appointed, and does by these presents make, constitute ono appoint <br />Les M. Mantle, Ryan Mantle <br />of Fullerton and State of California 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 d¢liver in its behalf as sur¢ty any <br />and all bonds, undertakings. recognizances or other written obligations in the nature thereof. subject to the limitation that any such <br />instrument Shall not exceed the amount of: <br />SIX A7ILLIOV ($6,000.000.00) DOLLARS <br />and to bind the MERCHANTS BONDING COMPANY (MUTUAL) thereby as fully and to the same extent as if such bond or <br />undertaking was Signed by the duly authorized officers of the MERCHANTS BONDING COMPANY (MUTUAL). and ail the acts of <br />said Attomey-in-Fact, 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- <br />Laws adopted by the Board of Directors of the MERCHANTS BONDING COMPANY (MUTUAL) on November l6. 2002. <br />ARTICLE II. SECTION 8 -The Chairman of the Board or President or any Vice President or Secretary shall have power and <br />authority to appoint Attorneys-in-Fact, and to authorize them to ax¢cuta on behalf of the Company, and attach the Seal of the <br />Company thereto. bonds and undertakings, r¢cognizances, contracts of indemnity and other writings obligatory in the nature <br />thereof <br />ARTICLE 11, SECTION 9 -The signature of any authorized officer and the Seal of the Company may be affixetl by }a rsimile <br />to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, <br />recognizance, or olh¢r suretyship obligations oT the Company, and Such Signature and seal when so used Shall have the <br />same force and effect as though manually fixed. <br />In Witness Whereol, MERCHANTS BONDING COMPANY (MUTUAL) has caused these presents to be signed by its President and <br />its corporate seal to be hereto off xed, this 20th day of January 2009 <br />. ?o?p\N P O O,?p ?? MERCHANTS 90NOING COMPANY (MUTUAL) <br />.? 9?:y<: <br />. y,. 1933 ?? ey <br />z . ???T? <br />STATE OF IOWA ?' <br />.. President <br />COUNTY OF POLK ss. <br />On this 20th day of January 2009 ,before me appeared Larry Taylor, [o me personally known, who being by me duly sworn did say that <br />he is President of [he MERG HANTS BONDING COMPANY (MUTUAL), [he corporation described in the foregoing instrument, and that the <br />Seal affixed,to [he said instrument is the Corporate Seal o! the said Corporation and that the saitl instrument was signetl and sealed in behal/ <br />of saitl Corporation by authority of its Board of Directors. <br />In Testimony Whereof, 1 have hereunto set my hand antl off xed my Official Seal at the Ci[y of Des Moines, Iowa. the day and year firs[ <br />above written. <br />y CINDY SMYTH / i.L ??,r/t?/1??u? <br />i Commission Numbsr 1?750a L??ti (;// YY" <br />e? My Commlaaion Ezpi?es <br />March 16, 2009 Notary Pub/!c, Polk Covnry. Iowa <br />STATE OF IOWA <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 [he POWER-OF-ATTORNEY executed by said MERCHANTS BONDING COMPANY (MUTUAL)- which is <br />still in full force and effect antl has not been amended or revoked. <br />In Witness Whereof, 1 have hereunto set my hand and affixed the seal of the Company on [his <br />7th day or Februarys 2011 LNG cp <br />R q9 . ?_.. <br />?: 3? Secrete <br />" s?' 1933 c. ry <br />.• Y <br />POA 0001 (1/06) J6-?sy'-...-"\'\-ate: - _
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