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.. POWER OF ATTORNEY OF
<br /> IN'I~EMNITY COMPANY OF CALIFORN,,.r
<br /> AND DEVELOPERS INSURANCE COMPANY Ne 2 6 2 4 0 7
<br /> Rd. BOX 19725, IRVlNE, CA 92713 · (714) 263-3300
<br />
<br /> NOTICE: 1. All power and authpoty herein granted sbell in any event terminate on the 31 st day of March, 1999,
<br /> 2. This Power of Attorney is void if altered or if any portion is erased,
<br /> 3. This Power of Affomey is void unless the seal is readable, the text is in brown ink, the signatures are in blue ink and this notice is in red ink.
<br /> 4~ This Power of Attorney should not be returned to the Attorney(s)-In-Fact, but should remain a permanent part of the obligee's records,
<br />
<br />KNOW ALL MEN BY THESE PRESENTS, that except as expressly limited, INDEMNITY COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, do each
<br />severally, but not jointly, hereby make, constitute and appoint
<br />
<br /> · **JAMES E. MARY, VIRGINIA M. LOUMAN, SHELLEY E. SMITH-BOWMAN, JOAN M. WYNN,
<br /> JOINTLY OR SEVERALLY***
<br />
<br />the true and lawful Attorney(s)-In-Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporations as sureties, bonds, undertakings and contracts of suretyship
<br />in an amount not exceeding Two Million Five Hundred Thousand Dollars ($2,500,000) in any single undertaking; giving and granting unto said Afforney(s)-In-Fact full power and authority
<br />to do and to porfon"n eve~ act necessary, requisite or prober to be done in connection therewith as each of said corporations could do, but reserving to each of said corporations full
<br />bower of substitution and revocation; and all of the acts of said Attorney(s)-In-Fact, pursuant to these presents, are hereby ratified and confin~d.
<br />
<br />This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of INDEMNITY
<br />COMPANY OF CALIFORNIA and DEVELOPERS INSURANCE COMPANY, effective as of September 24, 1986:
<br />
<br /> RESOLVED, that the Chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby is, authorized to execute Powers of
<br />Attorney, qualifying the attorney(s) named in the Powers of Attorney to execute, on behalf of the corporation, bonds, undertakings and contracts of suretyship; and that the Secretary
<br />or any Assistant Secretary of the corporation be, and each of them hereby is, authorized to attest the execution of any such Power of Attorney;
<br />
<br /> RESOLVED, FURTHER, that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relafing thereto by facsimile, and any such
<br />Power of Attorney or certificate bearing such facsimile signatures shell be valid and binding upon the corporation when so affixed and in the future with respect to any pond, undertaking
<br />or contract of suretyship to which it is attached.
<br />
<br />IN WITNESS WHEREOF, INDEMNITY COMPANY OF CAEFORNIA and DEVELOPERS INSURANCE COMPANY have severally caused these presa~ts to be signed by their respective
<br />Presidents and attested by their respective Secretaries this 14th day of June. 1995.
<br />
<br />INDEMNITY COMPANY OF CALIFORNIA DEVELOPERS INSURANCE COMPANY
<br />
<br /> D e F. Vincenti, Jr. ~/~O~o D te F, Vincenti, Jr. ~~
<br /> a~president [J ~ President ~
<br /> ATTEST
<br />
<br />By Walter Cr~'~e~l'
<br />
<br /> STATE OF CALIFORNIA )
<br /> ) SS.
<br /> COUNTY OF ORANGE )
<br />
<br /> On June 14, 1995, before me, C.V Brink, personally appeared Dante E Vincenti, Jr. and Walter Crowell, personally known to me (or proved to me on the basis of satisfactory
<br />evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
<br />capacity(ies), and that by his/her/their signature(s) on the instrument the berson(s}, or the entity upo~ behalf of which the person(s) acted, executed the instrument.
<br /> WITNESS my hand and official seal. ~ · ~
<br /> Signature ~[v~ ~ NOT,V~iY PUBLIC - CALFORNIA
<br />
<br /> CERTIFICATE
<br />
<br /> 'r~e undersigned, es Senior V'~ce President of INDEMNITY COMPANY OF CALIFORNIA, and Senior Vice President of DEVELOPERS INSURANCE COMPANY, does hereby
<br />certify that the foregoing and attached Power of Attorney remains in full force and has not been revoked; and furthermore, that the previsions of the resolutions of the respective
<br />Boards of Directors of said corporations set fuc[h in the Power of Attorney, are in force as of the date of this Certificate.
<br />
<br /> This Certificate is executed in the City of Ir~ine, California, this ') 0T~ay of Fe~) rg. ar¥ , 199 7
<br /> fiNDEMNITY COMPANY OF CALIFORNIA ~ DEVELOPERS INSURANCE COMPANY
<br />
<br /> L.C. Fiebiger L.C. Fiebiger
<br /> Senior Vice President Senior Vice President
<br />
<br /> ID-310 REV (2/96)
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