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<br />~~ , <br />~~ ~~ ~ Bond 400EV 5397 <br />u <br />KNOW ALL MEN BY THESE PRESENTS, THAT we, T. P. Construction Co., Inc. <br />of <br />P. 0. Box 157. Henderson, Colorado 80640 , as Principal <br />:end St. Paul Fire and Marine Insurance Company, a Minnesota Corporation and <br />having its principal office in the City of St. Paul, Minnesota, as Surety, are <br />held and firmly bound unto Board of County Commissioners of Adams County, Colo. <br />hereinafter called Che Obligee, in the penal sum .~f Fifty thousand and <br />no/100------------------- ($SO,000.;Dollars, lawful money in the United <br />Stales of America to be paid to said Obligee, f„r which payment well and truly <br />to be made, we bind ourselves, our heirs, executors, administrators, successors <br />and assigns, jointly and severally, firmly by these presents. <br />Signed with our hands and sealed with our seals this, [ue 21st day <br />of March A.D. 19 77 <br />WHEREAS, the Principal has entered into an agreement, dated March 21 __, <br />1977, with tl~e Obligee for the extraction of sand and gravel from the Obligees <br />land adjacent to the Adams County „egional Park in return for various consid- <br />erations outlined in tl~e said agreement. <br />Now therefore, the Condition of this Obligation is such, that if the said <br />Principal shall faithfully observe the provisions of the agreement, then this <br />Obligation shall be null and void, otherwise to remain in full force and effect. <br />It is understood, however, that the Principals obligation to make application <br />to the State of Colorado Eor a permit for extraction shall not, in any way, be <br />construed as a committment by the Principal to provide the State with a surety <br />bond in support of that permit. <br />Liability under this bond shall terminate as of the 31st day of _December , <br />19 79 as to any acts subsequent thereto, unless said bond is continued in force <br />from year to year by the issuance of a continuation certificate si.n,ned by the <br />Surety. <br />,..e Surety may cancel this bond at any time by filing with the Obligee <br />Sixty (60) days written notice of its desire to be relieved of liability. The <br />Surety shall not be discharged from any liability already accrued under this <br />bond, or which shall accrue hereunder before the expiration of the Sixty (60) <br />day period. <br />Attest: T. P. Construction Co., Inc. <br />St. Paul Fire and Marine Insurance <br />Company <br />4ttorney-in-Fact <br />Roger L. Callender <br />