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The bond must be duly executed by the contractor and a surety that is (1) authorized to do business as a surety in the state of Washington, and (2) rated at least “A” or better and with a numerical rating of no less than 7 by A.M. Best Company. The bond must be accompanied by a fully executed power of attorney appointing the signer for the surety as the surety’s attorney-in-fact. (Ord. 2325-98 § 1(D), 1998.)