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s ~_ • • <br />Page 9 <br />N o representation or statement of [he Principal made to the surety or sureties <br />in application for this bond, or otherwise, shall be read into or be a part of this <br />bond or binding in any way on the obligee herein. <br />No assignment by Principal to surety of the proceeds of such contract shall be <br />binding, except as to any net surplus after paying all claims chargeable by law or by <br />said contract, against the proceeds thereof. <br />N o extension of time of performance of said contract or delay in the <br />completion of the work thereunder shall invalidate this bond or release the liability <br />of the surety thereunder. <br />This agreement shall not be deemed valid until it shall have been approved by <br />the Controller of the State of Colorado, or such assistant as he may designate. <br />IN WITNESS WHEREOF, We have hereunto set our hands and seals at <br />Englewood, Colorado the day and date above written. <br />Contractor: Elam Co cti <br />Sign Na ~_~__ _ _ _ ___ _____ <br />ATTEST: Type Name:_Harold ___ElamL President __ <br />Surety Co. Americart_Sasualt}cl~mpan}c~tf <br />Address: Reading, Pennsylvania <br />10~3~_>~ DJy_~rg€k_lio~¢~_~22Q_ _ <br />Englewood, CO 80112 <br />_______ ______ ____ Bonding Agen[:_ Olson_6_O]_sonl_Ltd. __ __ <br />(Title) <br />Stephen S. Kaspar Sign Name _ ~ _ <br />Assistant Secretary Type Name:__Florietta_K._Sanchez~_Attor -In- <br />Address: _P_0. Sox 1467____________.____ act <br />_Englet~LO9il~_CO_ 80150__________ <br />Approve by the STAT~p7Q~,~OFACOLORADO, Department of Transportation, This <br />_~?~__ day of ---''~j'"~'~"-----------' A.D. 1999. <br />ay <br />~TChief Engineeartment of Transportation <br />CDOT Form ~!5 1r98 <br />